The Mongolian economy is transforming and expanding at an unprecedented rate. We are experiencing growth in every sector of the economy, from air travel to construction, from restaurants to retail. This high rate should be maintained throughout the decade: a $6bn economy in 2010 is projected to double in size in 2012, and quadruple by 2016. “...
As banks enter a bullish cycle, what will be the centres of growth over the next 24 months?
Foreign relations have traditionally been dominated by the country’s giant neighbours, Russia and China. As a landlocked nation, it is dependent on these two global powers for land access to the global markets beyond them. Furthermore, the Chinese and Russian markets have long accounted for the vast majority of both Mongolia’s imports and exports...
THE COMPANY: Gobi was established in 1981 with Japanese economic and technical assistance to process natural goat and camel hair and to produce cashmere and camel wool products from these fibres. The company has since developed into one of the five largest cashmere producers in the world, and has about...
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. APU was partially privatised in 1992, with 51% of its shares retained by the...
To what extent has a general lack of awareness of insurance inhibited the development of the non-compulsory market segment?
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