Economy
Discussion takes place on impact of external factors on Mongolia’s economy
On February 28, the Business Council of Mongolia (BCM) organized its monthly meeting under the theme, ‘Economic Prospects of Mongolia and External Factors’, discussing the current state of the domestic and international economy.
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BoM purchases 795.3 kg of precious metal
In February, the gold purchase of the Bank of Mongolia (BoM) was 795.3 kg, raising the BoM’s total precious metal purchase of 2022 to 2.4 tons.
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AmCham hosts a roundtable on direct flights to the United States
The American Chamber of Commerce in Mongolia (AmCham) organized the Roundtable on Launching Direct Flights to the United States on February 24, 2022. 
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Mongolia’s economic growth expected to be 5.1 percent this year
According to the Bank of Mongolia’s forecast in December 2021, the Mongolian economy is expected to grow by 5.1 percent this year.
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Mongolia imports 275.2 thousand tons of petroleum products
 According to the Ministry of Mining and Heavy Industry, Mongolia has imported 275.2 thousand tons of petroleum products from the beginning of this year. 
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Activities of Dairy Asia to be expanded
The Ministry of Food, Agriculture and Light Industry has announced that it is expanding the activities of the Dairy Asia Secretariat Office, which was established in Ulaanbaatar in 2020 in cooperation with the Government of Mongolia and the Food and Agriculture Organization of the United Nations (FAO). 
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EuroChamber's 3rd Annual General Meeting takes place
The European Mongolian Chamber of Commerce & Industry (EuroChamber) held its Annual General Meeting followed by a reception at the Best Western Premier Tuushin hotel.
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Bogdkhan railway project works planned to be launched this spring
In 2021, the Cabinet gave the permission to construct the main infrastructure of the Bogdkhan railway project to ‘Tavantolgoi Tumur Zam’ LLC in 2021, with plans to launch its works this spring.
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Mongolia expresses interest in having Asia-Europe trade pass through its territory
On February 22, Minister of Road and Transport Development L.Khaltar participated in the 84th plenary session of the United Nations Economic Commission for Europe's (UNECE) Inland Transport Committee, which was organized on the occasion of its 75th anniversary.
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Export increased by 29.3 percent compared to the previous months
 In January 2022, Mongolia traded with 117 countries from all over the world, and the total trade turnover reached USD 1.1 billion, of which USD 539.6 million were exports and USD 556.5 million were imports. 
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EBRD’s Women in Business Programme launched
Minister of Labour and Social Protection, head of the programme steering committee A.Ariunzaya took part in the opening ceremony of the European Bank for Reconstruction and Development (EBRD)’s Women in Business Programme (WiB) in Central Asia.
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Total sales of stocks reach MNT37.7 billion
In January 2022, total sales of stocks reached MNT 37.7 billion, increased by MNT 5.9 billion (18.7 percent) from the previous month and increased by MNT 27.0 (3.5 times more) billion from the same period of the previous year.
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Total revenue of general government budget increased by 42.4 percent compared to previous year
According to the preliminary results January of the of 2022, the total revenue of the general government budget was MNT 1.0 trillion, increased by MNT 301.5 billion (42.4 percent) compared to the same period of previous year. The equilibrated revenue of the general government budget was MNT 946.4 billion increased by MNT 280.4 (42.1 percent) billion compared to the same period of previous year.
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AmCham Mongolia organized a meeting on the New Recovery Policy
The American Chamber of Commerce in Mongolia (AmCham Mongolia) successfully hosted a panel discussion on the New Recovery Policy on February 15, 2022. 
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Agreement on external inspection and sample of copper concentrate renewed
On February 15, Central Geological Laboratory state-owned enterprise and Oyu Tolgoi LLC renewed and signed the agreement to conduct an external inspection and sample of copper concentrate for export.
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Mining Minister meets German Ambassador
Minister of Mining and Heavy Industry G.Yondon today met with Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany Jorn Rosenberg and Country Director of GIZ Daniel Passon and exchanged views on bilateral cooperation in the mining sector.
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ETT Event 2022 organized
 ‘Erdenes Tavantolgoi’ JSC is implementing its ‘A6-20’ medium-term business plan for 2021-2025. In accordance with the plan, the company started large-scale national development projects. 
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Exports of mineral products increased in the last two weeks
 According to the Ministry of Mining and Heavy Industry, Mongolia's exports of mineral products have increased in the last two weeks compared to the previous weeks.
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Best participants of Innovative Business sub-project named
In frame of ‘Promotion of Growth and Employment in Private Sector’ (PROGRES) Program, an ‘Innovative Business’ sub-project was successfully implemented to support innovative businesses among SMEs in Orkhon aimag.
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Coal accumulated at border checkpoints being exported
After being closed for three days in connection with the Mongolian Tsagaan Sar and Chinese New Year holidays, the Mongolia-China border checkpoints resumed normal operations on February 4.
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S&P Upgrades Mongolia’s Rating to ‘BB-’ with Stable Outlook 1 day
Ulaanbaatar Signs Agreement with Korea Air Cleaning Association to Improve City’s Air Quality 1 day
Mongolian Firefighters Equipped with 42-Meter Aerial Ladder Trucks 1 day
Study Finds Young Mongols Value Flexible Hours, Work Environment Over Pay 1 day
Mongolia and UK Conduct Joint Study on Cybersecurity Risks 1 day
Mongolian Jaw Harp Artists Impress Global Audience in Japan 1 day
Mongolia Joins FAO Effort to Improve Soil Mapping for Farmland 1 day
Embassy of Japan honors Soprano Yumi Okuyama for Bridging Japan-Mongolia Relations 1 day
Türkiye - Mongolia Ties Highlighted at 102nd Republic Anniversary Reception 1 day
The Government of Mongolia, Rio Tinto Agree to Negotiation Protocol 1 day
Government of Mongolia Starts Negotiations with Rio Tinto over Oyu Tolgoi Interest Rate 1 day
'Earth of Healing' Exhibition Celebrates Mongolia-Germany Relations 2 days
Hunnu City Power Infrastructure Nears Completion 2 days
Government Forms a Task Force to Improve Housing Access for Teachers and Doctors 2 days
Mongolian Juniors Secure Two World Titles at World Youth Draughts Championship 2 days
Mongolia Commissions 53 New Factories as Part of ‘Food Revolution’ Plan 2 days
Government Moves Forward to Revise Family Law 2 days
Mongolian Athletes Win Five Medals in Judo, Jiu-Jitsu, and Freestyle Wrestling at Asian Youth Games 2 days
President Xi in a letter commended President Khurelsukh for their recent meeting 2 days
MIAT Expands Network with New Direct Flights to Singapore 2 days
Swimmer Erkhes Enkhtur Wins Silver Medal at Asian Youth Games 3 days
UN Representatives Plant Trees on COP17 Project Site 3 days
South Korean commerce takes peak at Mongolian Brands 3 days
World Bank to Assist Mongolia in COP17 Preparations 3 days
‘Mongol Studies in Canada: Conversations Across Boundless Steppe’ Forum Held in Ottawa 3 days
Embassy of Mongolia Hosts Cultural Event in Prague Showcasing National Art 4 days
Mongolia and Germany to Hold Negotiations on Development Cooperation 4 days
Mongolia, UNCCD Secretariat Join Efforts to Promote Country Ahead of COP17 4 days
Etched in Time: Where No Pattern Is Ever Repeated 4 days
Mongolian Team Wins 29 Medals at Asian Sport Stacking Championships 5 days
Ulaanbaatar Signs Public-Private Partnership Agreement for Waste-to-Energy Plant 5 days
Central Laboratory Now Able to Detect 70 Types of Heavy Metals Across Mongolia 5 days
Team Mongolia Stands 23rd at III Asian Youth Games 5 days
‘Youth in Diplomacy’ Event Organized in Commemoration of 80th Anniversary of UN 5 days
Mongolia and Jordan Hold First Political Consultative Meeting in Amman 5 days
Mongolia to Collaborate with China, South Korea and the UN to Tackle Increasing Yellow Dust Storms 5 days
This Week in Mongolia 5 days
Prime Minister Zandanshatar Presents MP Enkhbayar for Appointment as Minister of Justice and Home Affairs 8 days
M bank’s Success Highlighted by Business Insider 8 days
World Observes United Nations Day 8 days
Mongolia Pilots Smart Greenhouse Technology 8 days
Foreign Ministry State Secretary Meets with UN ESCAP Deputy Executive Secretary 8 days
Nagoya University Expands Civil Service Doctoral Program in Mongolia 8 days
Bayankhoshuu Sub-Center Development Shows Steady Progress 8 days
Professor Battulga of NUM Receives Japanese Foreign Minister’s Commendation 8 days
19th Asian Schools Chess Championships to Be Held in Mongolia 8 days
The latest issue of Mongolia Today Magazine is now available, October 2025 8 days
Hermes Center Tunnel Under Construction Using Jacking Technology 8 days
Munkhnasan: ‘Total Capacity of Rangelands Has Been Exceeded’ 8 days
Exhibition to Open Marking the 120th Birth Anniversary of Laureate of the State Premium Yadamsuren Urjin 9 days
Officers Participating in Peacekeeping Operations to Receive 80 Percent of Mission Expenses 9 days
Artificial Lake Park Planned Near Nogoon Nuur 9 days
Total of 134 Mongolian Athletes Compete in 20 Sports at 3rd Asian Youth Games 9 days
Mongolia to Increase Fuel Imports from Russia 9 days
Cabinet Expands Vocational Training Opportunities for Conscripts 9 days
East and North East Asia Forum on Sustainable Development Goals Convenes in Ulaanbaatar 9 days
Over 4,500 Trees and Shrubs to Be Planted Ahead of COP17 9 days
Modern Mongolian Literature Published in Czech Language 9 days
279.9 Thousand Legal Entities Registered in Statistical Business Register Database 9 days
Constitutional Court Rules Parliamentary Resolution Dismissing Prime Minister Unconstitutional 9 days
Erdenes Tavantolgoi Exports 21 Million Tons of Coal in 10 Months 10 days
Vaccination Coverage Against Influenza Reaches 92 Percent Nationwide 10 days
Government to Provide Concessional Loans to Support Fuel Stockpile 10 days
Petrol Supply Stable as Mongolia Secures 58,000 Tons from Rosneft 10 days
Parliament Discusses Petition to Establish Working Group on Increasing Salaries for Teachers and Healthcare Workers 10 days
‘Mongols – A Journey Through Time’ Exhibition to Open at Rietberg Museum in Zürich 10 days
Eighth Support Pillar of Ulaanbaatar Cable Car Project Installed 10 days
Challenges in Judicial Transparency and Media Cooperation 10 days
Advanced Technological Solutions to be Implemented in Fifth Thermal Power Plant Project 10 days
‘Donate Life’ Day Highlights Urgent Need for Brain-Dead Donor System in Mongolia 10 days
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