Economy

Mongolia has taken a significant step toward modernizing its payment systems with the launch of Apple Pay, the digital payment service by global tech giant Apple. This development, spearheaded by …

The General Department of Social Insurance has unveiled significant milestones and initiatives for 2024, reflecting its commitment to enhancing social insurance coverage and modernizing its operations. Below are the key …

In a significant move toward modernizing its energy infrastructure, UBCTS TJSC has announced a tender worth 5 billion tugriks for the procurement of “smart meters” through the state electronic procurement …

The capital city of Mongolia, Ulaanbaatar, is set to tackle its chronic heating issues by constructing nine heat plants across various locations in the city. These plants are part of …

Mongolia has taken a significant step toward advancing its technology sector by signing a Memorandum of Understanding (MoU) with South Korea to manufacture drones domestically. The agreement was formalized between …

In November 2024, the Central Bank of Mongolia acquired 1,689.5 kilograms (approximately 1.6 tons) of precious metals, contributing to a year-to-date total of 15.8 tons. This represents a slight decrease …

As Mongolia enters its harsh winter months, Ulaanbaatar Railways (UBTZ) has intensified efforts to ensure consistent coal deliveries to the country’s thermal power plants. This initiative is crucial for maintaining …

On Saturday, Member of the Mongolian Parliament, First Deputy Prime Minister and Minister of Economy and Development L. Gantumur, along with S. Narantsogt, Executive Director of Erdenes Mongol, visited the …

Last Friday, November 22, 2024, Erdenes Tavan Tolgoi JSC (ETT) successfully traded 512,000 tons of thermal coalthrough an open electronic auction on the Mongolian Stock Exchange. The auction included 80 lots, with the coal …