Economy

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HOTEL ULAANBAATAR Grand Chinggis Square, 14 Ulaanbaatar 14192 T: (+976) 1132 0620 F: (+976) 1132 4485 info@ubhotel.mn www.ubhotel.mn Rooms: 22 standard single rooms, 20 standard twin rooms, 20 superior rooms, 35 deluxe rooms, seven junior suites and a presidential suite. Business & Conference: Four private dining rooms and four conference...

Sports in Mongolia have long been dominated by three activities closely related to the country’s traditions: wrestling, archery and horse racing. However, as the country began to develop economically, there was an influx of Western culture, including sports. Today, a number of sports are becoming more popular among Mongolians, especially in...

ETIQUETTE: A handshake usually accompanies a first introduction in a business setting and is used both as a greeting and farewell. Although people in the urban centres are less strict about local customs when greeting, it is customary and seen as a sign of respect to offer things (business card, pen, etc) with your left hand under your...

The tourist season in Mongolia has always run from April through October. The country’s harsh winter climate is a big obstacle for tourism to be able to operate at a profit throughout the year, making it a seasonal sector. The challenge has therefore been to attract tourists in the months of November through March. It is not easy to lure...

Since the country’s transition from communism two decades ago, the Mongolian economy has experienced rapid liberalisation. Sectors including ICT and insurance are expanding quickly and, while the mining sector has been responsible for making Mongolia a rising star in the global economy, there is great potential for further growth in all economic sectors. 

Throughout his trip to Europe at the beginning of 2013, President Susilo Bambang Yudhoyono was intent on promoting Indonesia as a “complete tourism destination” with a host of interesting and unique places to offer other than Bali. Komodo National Park is such a destination and one which has escaped the attention of many tourists. While more...

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