Mongolia

Mongolia has begun to attract the attention of the global business media as the next success story to come out of Asia. While it may still be early days, such optimism does not seem to be unfounded. Since October 2006, there has been a veritable “gold rush” of investment banks, hedge funds, private equity funds, construction firms, major and junior...

Economic and business activities in Mongolia are regulated by a variety of laws, including: the Company Law of July 2, 1999, with a major revision on September 13, 2007; the Civil Code of January 10, 2002; and the Law on Foreign Investment of May 10, 1993.

Strong consumer demand and a broadening range of media outlets with wider audiences are driving Mongolia’s advertising market. Traditional media like newspapers and television continue to be the focus of most advertising, though the indoor segment is a developing niche. The sector is forecast to see double-digit economic growth in 2011 and 2012, and...

After the fall of communism, the number of available newspapers, as well as readership, blossomed in Mongolia. Although sales started to fall in 2004 as the range of other media grew, they appear to have stabilised. In 2010 sales grew by 3.2%, when the total annual circulation for the 130 newspapers reached 19.83m, according to Mongolian Media Today...

With hundreds of newspapers, magazines, and television and radio stations, Mongolia’s media scene is competitive, dynamic and increasingly varied. The two decades since the fall of communism have seen the sector bloom, and new outlets emerge every year. The market is somewhat fragmented, but there are strong players in every sector, and investment...

A sea change is taking place in Mongolia’s health sector as a solid but somewhat unresponsive model is overhauled. The reform programme is very much a work in progress, but the country is experiencing the emergence of a modern, well-funded system with a growing role for the private sector.