Mongolia

I like to use the image of a glass of water to describe my views on Mongolia’s legal system and the current business climate for foreign investment. Depending upon one’s disposition, the glass is half full, providing an unusual opportunity for foreign investors in a legal system surprisingly light on approval procedures, contending approval...

Even as the world population topped 7bn at the end of October 2011, some places continue to struggle with the developmental challenges posed by a lack of people. Big empty places still exist and not just Antarctica or the Arctic, but northern Canada, central and western Australia, Siberia, and the world’s least densely populated country,...

Economic and business activities in Mongolia are regulated by a variety of laws, including: the Company Law of July 2, 1999, with a major revision on September 13, 2007; the Civil Code of January 10, 2002; and the Law on Foreign Investment of May 10, 1993.

Strong consumer demand and a broadening range of media outlets with wider audiences are driving Mongolia’s advertising market. Traditional media like newspapers and television continue to be the focus of most advertising, though the indoor segment is a developing niche. The sector is forecast to see double-digit economic growth in 2011 and 2012, and...

After the fall of communism, the number of available newspapers, as well as readership, blossomed in Mongolia. Although sales started to fall in 2004 as the range of other media grew, they appear to have stabilised. In 2010 sales grew by 3.2%, when the total annual circulation for the 130 newspapers reached 19.83m, according to Mongolian Media Today...

With hundreds of newspapers, magazines, and television and radio stations, Mongolia’s media scene is competitive, dynamic and increasingly varied. The two decades since the fall of communism have seen the sector bloom, and new outlets emerge every year. The market is somewhat fragmented, but there are strong players in every sector, and investment...