As may be expected in a fast-growing emerging market, Mongolia’s legal framework – like many other aspects of Mongolian society – is in a constant state of flux. At first blush, since foreign investors tend to crave legal certainty, this would appear to be a weakness of the country’s legal system. However, investors should take comfort in the fact...
Economic and business activities in Mongolia are regulated by a variety of laws, principally the Company Law of 2011, the Civil Code of 2002, the new Investment Law of 2013 (replacing the Law on Foreign Investment of 1993), and the Law on the Regulation of Foreign Investment in Entities Operating in Strategic Sectors of 2012. Currently,...
Mongolia’s fibre-optic infrastructure is widely regarded as among the best in the region in terms of reach, capacity and speed. As of the end of July 2013 the country’s five fibre-optic cable networks together totalled 18,343 km in length, according to data from ErdemNet, a local internet service provider (ISP). Gemnet, a private operator,...
Over the course of the past decade mobile telecommunications uptake in Mongolia has increased rapidly. Since 2003 the number of mobile subscribers in the country has expanded nearly 10-fold, from 319,000 in 2003 to 3.38m as of the end of 2012, according to data from the Communications Regulatory Commission of Mongolia (CRC). This represents a...
In a speech delivered at the most recent Mongolian Economic Forum, held in Ulaanbaatar in March 2013, Ts. Oyungerel, the minister of culture, sports and tourism, announced that the government was in the early stages of a plan to develop “special interest tourism” in a handful of key areas, with the long-term goal of boosting the sector’s overall...
Over the past few decades a series of major economic, demographic and environmental developments have transformed Mongolia’s food security situation. Under communism, the country was more than 80% self-sufficient in terms of overall agricultural production. In the decade after the collapse of the Soviet Union in 1991, this number dropped precipitously as a result of...
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