New production capacity in Mongolia’s cement industry is set to meet rising demand as advanced technology is replacing old equipment, moving towards self sufficiency in one of the key materials in the construction trade.
Mongolia
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Economic update | Mongolia carves tourism niche
30 May 2014
Efforts to highlight Mongolia’s broad range of attractions are paying off, with the tourism industry on course to notch up a decade of sustained growth, a recently published report has concluded.
With demand for electricity on the rise, and a national drive to boost renewable power production gathering strength, investor interest in Mongolia’s fledgling wind energy industry looks set to grow.
Economic update | Mongolia boosts support for SMEs
13 Mar 2014
New measures announced by the Mongolian government aimed at lowering the tax burden for small and medium-sized enterprises (SMEs) should serve as an incentive for private sector operators to expand, but businesses may still face challenges in obtaining the credit they need to sustain growth.
The government in Mongolia has revealed plans to support domestic export manufacturers, with the aim of reducing a burgeoning import bill and boosting the country's economic foundations.
Economic update | Mongolia Year in Review 2013
3 Feb 2014
After hopes of a mining-based boom in Mongolia last year were dented by global commodity price shocks and declining Chinese demand, the government is focusing on improving the investment climate in a bid to generate a turnaround.