All to play for in Russian-Chinese backyard

bne IntelIiNews March 21, 2023

Russia and China will struggle for common policy on possible Russian soft underbelly Central Asia, Afghanistan, Mongolia, the vital Europe/Asia Caucasus crossroads, the Baltics, CEE and SEE.

Mongolian herders’ lives out of ‘steppe’ with global economic realities

Antonio Graceffo in Ulaanbaatar March 17, 2023

Pandemic and Ukraine war impacts bring hardship that makes battle to subsist outside of the city a gruelling challenge.

Mongolia’s giant Oyu-Tolgoi copper-gold underground mine starting operations

Anand Tumurtogoo in Ulaanbaatar March 13, 2023

If promises are fulfilled, big gains for public purse and industries such as electric vehicles and renewable energy will be seen.

Ukrainian refugees and Russian migrants bring economic benefits but also stresses to Emerging Europe

bne IntelliNews March 3, 2023

Looking forward to the end of the war, whenever it happens, policymakers are already speculating on how many of the refugees and migrants are likely to stay and how many will return.

More gloom ahead as EBRD cuts 2023 growth forecasts

bne IntelliNews February 16, 2023

The EBRD lowered its forecasts for more than half its 36 countries of operation, anticipating average growth of just 2.1% this year.

IMF: Charting globalization’s turn to 'slowbalization' after world financial crisis

Jeff Kearns of the IMF February 9, 2023

The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has slowed in recent years.

Could casinos be a jackpot for Mongolia’s struggling economy?

Michael Kohn in Ulaanbaatar February 8, 2023

Mongolia has rolled the dice before on establishing casinos, but without much luck. A renewed attempt to open the country’s first casino in more than two decades is now underway as Mongolia looks for new avenues of economic growth.

Mongolian government accused of rushing through veiled law that dismantles freedom of speech

Anand Tumurtogoo in Ulaanbaatar January 24, 2023

Ministers say legislation will end much social media harassment. Critics reject that explanation. Say country’s young, fragile democracy will be hurt.

Russians escaping Putin’s war face tough sanctuary in Mongolia

Antonio Graceffo in Ulaanbaatar January 23, 2023

While some can afford to move on, there are thousands struggling to find workable employment prospects to put a roof over their head.

EBRD invests record €13.1bn into its region in 2022

bne IntelliNews January 15, 2023

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.

Wrestling champ turned mayor grapples with tough challenges in Mongolia’s capital

Michael Kohn in Ulaanbaatar January 14, 2023

To overcome deep scepticism in Ulaanbaatar about politicians, Sumiyabazar Dolgorsuren will need Olympic strength and strategy.

Police raid on home of Mongolian rail official said to discover $2mn of cash in four currencies

Anand Tumurtogoo in Ulaanbaatar January 12, 2023

Investigators probe money laundering, tax evasion, unjustified enrichment and bribery allegations.

NEMETHY: Key economic and financial drivers to watch in 2023

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors January 10, 2023

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.

CENTRAL ASIA BLOG: Air thick with disapproval of government as Mongolians welcome in new year

Anand Tumurtogoo in Ulaanbaatar January 4, 2023

The coal mafia affair meant the new year wishes proffered by the ruling politicians rang rather hollow.

Mongolian Stock Exchange floats 34% of shares in public offering

Michael Kohn in Ulaanbaatar January 2, 2023

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.

When China sneezes, the Mongolian economy catches a cold

Antonio Graceffo in Ulaanbaatar December 28, 2022

Chinese slowdown means fewer resource exports for Mongolia. It’s a grievous blow.