Mongolia consumers feel weight of inflation as food prices rise

Michael Kohn in Ulaanbaatar October 5, 2022

Each morning, food distributor Suren Bat-Tur goes to the Bars wholesale food market in Ulaanbaatar to purchase produce for resale. Lately, the mushrooms, coriander, tomatoes and other grocery items he buys have hit eye-watering prices.

More pain stored up for Emerging Europe in 2023

bne IntelliNews September 29, 2022

Government efforts to shield populations from the energy crisis and rampant inflation have shifted the economic impact to next year, says the EBRD as it downgrades GDP growth forecasts for 2023.

Could Mongolia host a China-Russia oil pipeline?

bne IntelliNews September 17, 2022

Russia proudly unveiled plans in 2019 to build a second natural gas pipeline to China, this time traversing Mongolia. As the EU drives to sever all energy ties with Russia, Moscow now appears to be pushing for an oil pipeline too.

PANNIER: At Shanghai Cooperation Organisation summit, watch the action on the sidelines

Bruce Pannier in Prague September 13, 2022

Most important discussions and agreements at Samarkand gathering likely to concern regional connectivity, and the odd men out are Russia and Belarus.

Crypto finds its wings amid hard times in Mongolia

Antonio Graceffo in Ulaanbaatar August 26, 2022

Country boasts a dozen cryptocurrency exchanges and more than 40 Mongolian virtual coins including the Inflation Hedging Coin, or IHC.

CENTRAL ASIA BLOG: Mongolia frets over prospect of default

Anand Tumurtogoo in Ulaanbaatar August 18, 2022

Sri Lanka’s experience has rattled and unnerved some Mongolians who fear the government does not have the solutions to the country’s steep FX debt.

NEO: Why copper mining must clean up its act

NEO August 16, 2022

If the UN forges ahead with its target to achieve net-zero emissions by 2050, minerals will become an increasingly valuable resource. The world seeks to switch from a fuel-intensive energy system to a mineral-intensive one and copper is key.

Boris Johnson’s half-brother to sue Mongolia for $50mn in a mining investment dispute

Ben Aris in Berlin August 5, 2022

The half-brother of ousted UK Prime Minister Boris Johnson says he will bring a $50mn lawsuit against Mongolia to try to recover an investment into a mining project that went horribly wrong.

Mongolian ministers under fire for failing to quickly explain appearance of Russian armed forces on city streets

Anand Tumurtogoo in Ulaanbaatar July 28, 2022

Former Mongolian PM criticises own party for lack of transparency about upcoming joint military exercise.

DATACRUNCH: Stagflation visualisation

Ben Aris in Berlin July 18, 2022

Stagflation is here. The world is facing a global recession that could go on for several years as central banks everywhere will be forced to put through growth-crushing large rate hikes to control runaway inflation. But just how bad is it now?

IMM Investment-backed farming IT firm to launch smart farming in Mongolia

bne IntelliNews July 7, 2022

PlanTFarm will create and operate indoor vertical farms to grow fresh vegetables in Mongolia after Ukraine war highlighted the importance of food self-sufficiency.

Mongolia celebrates the return of Naadam

Antonio Graceffo July 7, 2022

The ancient festival initiated by Ghengis Khan in 1206 and commemorating the “three sports of men” — archery, horseracing and Bökh wrestling — is back after two years of pandemic disruption.