Mongolia

THE COMPANY: The name APU comes from Arkhi Pivo Undaa (vodka, beer, drinks). Established in 1924, three years after Mongolia’s communist revolution, APU is the country’s largest beverage producer, and its first national brand. The company was partially privatised in 1992, with 51% of its shares being...

In terms of aggregate sources of equity capital funding, the Mongolian Stock Exchange (MSE) has historically played a minimal role when compared to external stock exchanges. It has provided a useful means by which Mongolian entrepreneurs could raise capital from the local market for businesses that were not yet in shape for an international...

Vast and sparsely populated, landlocked Mongolia is situated between giant neighbours to its north and south: Russia and China. With a population of 2.8m people inhabiting its wind-swept, grassy steppes and vast expanses of desert, Mongolia is the world’s least densely populated country. The nation continues to emerge as a key centre for mining...

One of the most controversial topics in Mongolia during 2012 was the introduction in May 2012 of a new foreign investment law. Aimed at giving the government and parliament more control over foreign investment activity in the country, the law also led some foreign investors to suggest the investment climate in Mongolia had soured. In January 2013...

Despite its relatively small size, retail banking in Mongolia has emerged as a key battleground for larger lenders in recent years. With some 77.7% of Mongolians holding an independently-obtained bank account in 2012, according to the World Bank, thanks to previous governments’ policies of cash handouts, the adult market is near saturated. The...