The cement sector features characteristics common to so many markets in the country’s economy: short supply, mushrooming demand, Chinese imports and plans to boost local capacity. The importance of new domestic supply cannot be understated, as the government’s plans in the next five years include $40.5bn in spending on major projects in energy,...
Wi-Fi has never truly caught on in Mongolia. In its 2011 White Paper, the Information, Technology, Post and Telecommunications Authority (ITPTA) noted that only 0.2% of all internet connections were made using that method, which was even less than connections made using dial-up, which came in at 0.7% of the total. The most popular way of accessing...
Sales staff at the Montblanc shop in Central Tower say that business is brisk in $600 pens. While this is an interesting isolated trend, what is happening everywhere outside the luxury shops on Sukhbaatar Square is the real story for Mongolia. For in the space of a few short years, habits have changed and the country suddenly has a consumer culture...
Long established as an adventure tourism destination, Mongolia is making a more concerted push to attract travellers seeking sporting activities. The new government is promoting more natural niches like bird-watching and hunting, as well as traditional festivals celebrating activities such as the “three manly sports” of wrestling, archery and horse...
Which ongoing specific legislative reforms will help improve the investment climate in Mongolia for both the domestic and foreign private sectors?
The sparse population, landlocked location and extreme climate make developing Mongolia’s transportation and logistics infrastructure a prominent challenge. Deciding how to allocate the state’s limited resources is a complex question at a time when spending is needed in so many areas in order to remove the bottlenecks holding back economic growth....
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