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Interview

OBG talks to T. Nasankhuu, President, Monfresh Group
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Interview: T. Nasankhuu What are the difficulties in raising farming output? T. NASANKHUU: Milk, meat, cashmere, leather, wool and several vegetables are the main agricultural products. The challenge is that herders based in the countryside do not have a consistent revenue stream due to logistical deficits. During the summertime, when Mongolian milk supply for example is abundant, one litre of milk…
Interview

OBG talks to Peter Morrow, Chairman, American University of Mongolia
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Interview: Peter Morrow To what extent will further privatisation help to increase educational standards? PETER MORROW: Mongolia is the world’s fastest growing economy, and that pace of expansion will likely continue over the next two decades, automatically creating a high demand for education and respective services. The need for education is already outstripping current supply, and corporations…
Viewpoint

James Passin, Principal, Firebird Management, on increasing investor participation on the stock exchange
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In terms of aggregate sources of equity capital funding, the Mongolian Stock Exchange (MSE) has historically played a minimal role when compared to external stock exchanges. It has provided a useful means by which Mongolian entrepreneurs could raise capital from the local market for businesses that were not yet in shape for an international listing. Still, we have not seen very large, international-quality…
Viewpoint

Hillary Clinton, US Secretary of State, on Mongolia’s democracy and record of equality for women
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It is a great honour for me to have a chance to speak to the democratic progress that Mongolia has made and the example that has been set. I believe as strongly as I ever have that Mongolia is an inspiration and a model, and I am grateful for our two nations’ partnership as we have worked together – not only just between the US and Mongolia, but also as Mongolia has chaired the Community of Democracies. If…
Viewpoint

Christian Pellone, Head of Tax, Ernst & Young Mongolia, on recent developments in corporate tax law
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The tax laws in Mongolia were updated to deal with the new market economy following the withdrawal of the former Soviet Union in the early 1990s. Today’s tax landscape is experiencing change as policymakers seek to protect strategic assets without deterring foreign investment. One area of recent focus has been double tax treaties, about which the authorities have long expressed concern, specifically…
Viewpoint

Stephen Tricks, Consultant, Clyde & Co, on legal prospects for foreign investment
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Following two years of rapid expansion of foreign investment, the political and economic developments in Mongolia during 2012 have provoked much debate. Two topics on which many prospective investors seek guidance are the incoming government’s position on the Oyu Tolgoi investment agreement and the new Law on Foreign Investment in Sectors of Strategic Importance (LFISSI), passed shortly before the…
Economic News

Mongolia: Harsh winter puts harvests under pressure

In EnglishМОНГОЛ УЛС : Хатуу өвөл ургацанд нөлөөлжээОлон жилийн дундажаас илүү хүйтэрсэн нь улсын хэмжээнд хөдөө аж ахуйн салбарт төлөвлөгөөндөө хүрэхгүйд нөлөөлжээ. Улиралын хатуу уур амьсгалаас өвөлдөө зуд, зундаа ган болдог…
Chapter

The Report: Mongolia 2013: The Guide
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This chapter contains useful information for visitors to Mongolia, including visa requirements, accommodation options, and contact information for foreign missions, hospitals, and other institutions. You can also find highlights of Mongolian culture with a special feature on the revival of the traditional sports of polo and archery. Finally, this section provides guidance regarding etiquette, dress,…