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Plenty of hype, little action.
Those who can leave to take a chance abroad, often do. Amid the cost-of-living crunch, things just don’t add up.
This time last year Mongolia faced a difficult future, with a high risk of debt default. The country’s main trade partner, China, had mostly closed its borders and reduced imports of coal and copper. Now its doing well thanks to the seven Cs.
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.
Pandemic and Ukraine war impacts bring hardship that makes battle to subsist outside of the city a gruelling challenge.
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.
While some can afford to move on, there are thousands struggling to find workable employment prospects to put a roof over their head.
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.
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.
Eznis Airways rejects allegations of “concerned aviation worker” reported by Aviation Source News.
Hundreds of protesters still gathered in central Ulaanbaatar. Names given by authorities so far in investigation “just scraps”, many complain.
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.