Mongolia

While in the early stages, ambitious plans to develop a nuclear power industry will likely be put into motion in the years ahead, as will developments to expand the country’s uranium mining assets. This could position Mongolia as a leading player in the Asian nuclear fuels market, with high demand for feedstock and power.

The retail sector in Mongolia has made great strides in recent years, in step with its fast-paced economic growth. Although largely confined to the capital city of Ulaanbaatar, this transformation has brought luxury retail, chain stores, hypermarkets and other retail strategies that have elsewhere presented challenges to the old model of small...

As a large, landlocked country bordering only two others – Russia and China – Mongolia depends on its land and air transport systems to get goods and services to market. Economic development has also meant the country is undergoing rapid urbanisation, placing increasing pressure on its urban transport infrastructure, while boosting a need for better...

Just a few decades after the shift from Mongolia’s communist era to a market economy, the country’s industrial base remains small. Government support for the sector and some significant natural resources work in its favour, but several factors present obstacles to growth. They include geography, infrastructure, corruption and bureaucratic hassle,...

Bounded by Russia to the north and China to the south, Mongolia is a vast country and sparsely populated – larger than Western Europe, but with a population of barely 3m people. The country of wind-swept steppes, plains and deserts is famous for its nomadic tradition, still influential despite rapid development. However, stable and democratically-...

Largely trade-oriented, the Mongolian economy is powered by growing mineral exports and oiled by imports of capital and consumer goods. Volumes have risen over the past two years as the mining sector has geared up, while external demand and prices both remain strong.