Mongolia

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Chapter | Country Profile from The Report: Mongolia 2014

Mongolia is home to a vast desert in the south, large freshwater lakes in the north-west and dry, grassy plains throughout most of the rest of its territory. Although its borders stretch 8220 km, its only neighbours are the superpowers Russia and China, a fact that has shaped much of Mongolia’s political and economic history. The country has a vast wealth of mineral resources – over 6000 deposits...

Sports in Mongolia have long been dominated by three activities closely related to the country’s traditions: wrestling, archery and horse racing. However, as the country began to develop economically, there was an influx of Western culture, including sports. Today, a number of sports are becoming more popular among Mongolians, especially in...

HOTEL ULAANBAATAR Grand Chinggis Square, 14 Ulaanbaatar 14192 T: (+976) 1132 0620 F: (+976) 1132 4485 info@ubhotel.mn www.ubhotel.mn Rooms: 22 standard single rooms, 20 standard twin rooms, 20 superior rooms, 35 deluxe rooms, seven junior suites and a presidential suite. Business & Conference: Four private dining rooms and four conference...

As may be expected in a fast-growing emerging market, Mongolia’s legal framework – like many other aspects of Mongolian society – is in a constant state of flux. At first blush, since foreign investors tend to crave legal certainty, this would appear to be a weakness of the country’s legal system. However, investors should take comfort in the...

The tourist season in Mongolia has always run from April through October. The country’s harsh winter climate is a big obstacle for tourism to be able to operate at a profit throughout the year, making it a seasonal sector. The challenge has therefore been to attract tourists in the months of November through March. It is not easy to lure...

ETIQUETTE: A handshake usually accompanies a first introduction in a business setting and is used both as a greeting and farewell. Although people in the urban centres are less strict about local customs when greeting, it is customary and seen as a sign of respect to offer things (business card, pen, etc) with your left hand under your...

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