• Mongolia’s foreign debt reaches 19.88 billion USD

    Debtless Mongolia non-government organization (NGO) warned that the total foreign debt of Mongolia has reached 19.88 billion USD, or 37.7 trillion MNT, and accordingly, each citizen carries debt of 12.89 million MNT, according to the USD exchange rate on August 18. The national debt amounts to 215 percent of 2013′s GDP ...

  • Weakness in Eurozone, Asia pose risks to U.S. economy

    Troubles in the global economy have dogged the American economy since early in the recovery, with the Eurozone debt crisis, the so-called Arab Spring in the Middle East and the Japanese tsunami all swiping momentum from U.S. growth in varying degrees.

  • Mongolia and China to finalize mid-term trade and economic development plan

    Trans. by Ch.KHALIUN Deputy Director of the Asia Department of the Chinese Foreign Ministry and head of task group of the Chinese-Mongolian intergovernmental commission, Sung Yaomin, arrived in Ulaanbaatar to discuss the development of the mid-term economic partnership plan for Mongolia and China. Deputy Minister of Mongolia D.Terbishdagva welcomed Sung and the ...

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    Gli squilibri dell’economia in Mongolia

    «Tre anni di politiche economiche orientate alla crescita hanno portato a grandi squilibri economici in Mongolia. È necessario qualche ripensamento»Il Governo della Mongolia e le autorità monetarie hanno rafforzato nel 2013 le misure di stimolo economico per mantenere la crescita su una doppia cifra in quanto il Paese stava perdendo ...

  • Japan, Mongolia ink free trade agreement

    Japan and Mongolia reached a basic accord on a free trade deal during a summit in Tokyo on Tuesday evening, Prime Minister Shinzo Abe said. The trade pact features Ulan Bator abolishing its tariffs on most Japanese automobiles in 10 years. The amount of trade between Japan and Mongolia is ...

  • Development Bank of Mongolia to cooperate with foreign companies

    Trans. by E.DARI During the irregular governmental meeting on Wednesday, approval was given to the Development Bank of Mongolia’s Board of Directors to establish a 75 million USD contract with Vnesheconombank of Russia, the Bank of Foreign Economic Activity, in order to re-finance capital demanded for installing and buying a 100 ...

  • Obama eyes progress on Asia-Pacific trade deal

    President Barack Obama says he hopes the U.S. and its negotiating partners can make progress on an Asia-Pacific trade pact by the time he travels to the region later this year.

  • Mongolia attends the Workshop Eurasia international business forum

    The Italian Chamber of Commerce, along with Mongolia, China, Japan, Korea, Bangladesh and Azerbaidjan, organized the Workshop Eurasia international business forum on June 9 and 10, in Rome, Italy. Director of the Division for Investment Promotion and Consultancy Services at Invest Mongolia Agency, D.Irmuun made a presentation about the investment ...

  • Mongolia will annually export 3 million EUR in textile products

    Trans. by B.Mendbayar Representatives of national industry called a press conference at Mongol News press agency about a huge investment in the textile industry, namely the establishment of a partnership contract. The agreement calls for an annual three million EUR in Mongolian exports. As of today, a total of 450 textile factories ...

  • State trade mission to Southeast Asia

    The Mississippi Development Authority will lead a delegation of Mississippi companies on a business development mission to Southeast Asia from Aug. 25-29.

  • US: China tensions bad for Asia business

    A senior U.S. official said Wednesday that Washington wants to expand its economic ties with Asia, the world's fastest growing region, but warned that China's provocative conduct in the South China Sea raises tensions that are bad for business.

  • Mongolia Business Summit to facilitate growth

    By B.KHASH-ERDENE The Mongolian Business Summit will take place from June 19 to 21, in Ulaanbaatar. Presented by the Mongolia Economic Forum, the Mongolia Business Summit will focus on global partnerships to facilitate business growth. A “deal-driven” approach enabling entrepreneurs, investors, bankers, both local and international, to interact directly will be ...