Outdated power plants and grids, alongside a legal environment and tariff regime in need of upgrading, has made investment difficult. However, several efforts, focusing on boosting and diversifying supply for electricity and fuels, and establishing a positive track record for Mongolia as a viable destination for private investment in large-scale energy projects, are under way. The good news is that…
The mining sector was a key growth driver of GDP in 2011, when the economy expanded 17.3%. Since 2012 there has been a moratorium on new licences, which is officially set to expire at the end of 2012. Although the major projects are not producing as yet, mining is already the country’s most important economic activity, contributing 20.2% of GDP in 2011, according to preliminary estimates. Coal…
While insurance in Mongolia remains in its nascent stages, important ongoing reforms may yet drive penetration, build local underwriting capacity and develop the first pool of domestic non-bank institutional investors. While the aggregate sums involved remain modest, buoyant growth bodes well for the medium term. The market is dominated by eight firms, which together account for 89% of non-life premiums.…
The State Property Committee (SPC) created the Mongolian Stock Exchange (MSE) in 1991 as a vehicle for privatising state assets during the transition to a market economy. Despite early attempts to broaden the share ownership in state firms, shares became concentrated in the hands of a few, and, by 2010, it was estimated that 80% of the market’s capitalisation was owned by a dozen individuals. The…
The main event for Mongolia’s economy in 2013 will be the opening of the Oyu Tolgoi copper and gold mine, which many see as a make-or-break moment. Coal, presently the country’s most important commodity, declined in price by some 15% in 2012, with volumes slipping by around 22%. In 2012 the current account deficit reached 16.7%, excluding mining-related imports, according to the IMF, compared…
With a population of 2.8m inhabiting its wind-swept, grassy steppes and vast expanses of desert, Mongolia is the world’s most sparsely populated country. Its primary religion is Buddhism, though it is estimated that 40% of the population does not practise religion. Ninety per cent of the population speaks Mongolian, most using the Khalkha Mongol dialect, which shares lineage with Turkic, Japanese…
In EnglishМонгол улс: 2012 оны тоймӨнгөрсөн онд Монгол улс уул уурхайн баялаг боловсруулалт тотвортой өснө гэсэн таамагтай басан ч өсөлт удааширч, 2012 оны хоёр дугаар хагаст хөрөнгө оруулагчдын дунд түгшүүртэй байдал бий болсон.11…
Монгол Улс: Үл Хөдлөх Хөрөнгө – Хөөс үү Тэсрэлт үү?Монгол Улсын газрын баялаг үл хөдлөх хөрөнгийн зах зээлд урьд өмнө байгаагүй өсөлтийг дагуулна гэдэгт итгэсэн хүмүүс үнийг хөөрөгдөн улмаар Улаанбаатар хотын тэргүүн…
In EnglishМонгол улс: Гар утас өөрчлөлтийн замаарМонгол улсад гар утасны зах зээл маш эрчимтэйгээр хөгжиж, 2G, 3G холболтууд хийгдэж эхэлсэн ба оны эцэс гэхэд эдгээр холболт 100 % хол давсан холболтын хүрээг хамарсан.Мэдэээлэл холбооны…
In EnglishМонгол Улс: Эрчим хүчний зөрүүг арилгах ньУлаанбаатар хотын ойролцоо томоохон цахилгаан станц барих төлөвлөгөө нь Монгол улсын ашигт малтмалын орлогоор хотоо эрчим хүчний хомсдолоос гарахын чухлыг онцлон тэмдэглэх…
