Ministers say legislation will end much social media harassment. Critics reject that explanation. Say country’s young, fragile democracy will be hurt.
While some can afford to move on, there are thousands struggling to find workable employment prospects to put a roof over their head.
The European Bank for Reconstruction and Development invested a record €13.1bn into its Emerging Europe and Eurasia region in 2022, the bank announced on January 12.
To overcome deep scepticism in Ulaanbaatar about politicians, Sumiyabazar Dolgorsuren will need Olympic strength and strategy.
Investigators probe money laundering, tax evasion, unjustified enrichment and bribery allegations.
There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.
The coal mafia affair meant the new year wishes proffered by the ruling politicians rang rather hollow.
Thirty years ago the Mongolian Stock Exchange was opened up to privatize the country’s Soviet-era assets. Last week the exchange conducted an initial public offering to sell off a third of its own shares to the public.
Chinese slowdown means fewer resource exports for Mongolia. It’s a grievous blow.
Eznis Airways says it is victim of smear campaign. Mongolia’s civil aviation authority says no such flight took place.
As Mongolians protest against the alleged embezzlement of up to $12.8bn in state coal export revenues, bne IntelliNews takes a look at the other greatest scams in the region over the last three decades.
The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.
Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,
Hundreds of protesters still gathered in central Ulaanbaatar. Names given by authorities so far in investigation “just scraps”, many complain.
Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.
In April 2021 gold was sitting around a price of $1,700; as of December 10, 2022 it is now approaching $1,800. Relative to just about every other asset class, this is not a bad performance.
Ninth day of street protests over scandal took place in Ulaanbaatar.
Minister informs crowd former CEO of state coal miner and seven others have been arrested. Protests grow after he concludes his address.
Amid the demonstrations on Ulaanbaatar’s streets, Mongolians young and old tell bne IntelliNews of their disillusionment and economic hardship.
Majority strived to keep the youth-led demonstrations peaceful, but the bitterness now held towards top officials runs deep and was clear for all to see.