Mongolia's economy is poised for robust growth in 2023, with the Asian Development Bank (ADB) forecasting an expansion of 6.6%. This optimistic outlook, detailed in the ADB's annual report, 'Asian ...

Mongolia's economy demonstrated strong growth in 2024, driven by increased mining output and services, though at a more moderate pace than in 2023.

In its Asian Development Outlook (ADO) for April 2025, the ADB forecasts Mongolia's economic growth at 6.6 percent for 2025, an increase from the 4.9 percent projected in 2024. However, in 2026, gross ...

In a significant move to strengthen economic ties with its southern neighbor, Mongolia has approved a cross-border railway agreement with China. The decision, made by the Mongolian Parliament, comes ...

Construction of the 19.5-kilometre (12.1-mile) railway – which will allow Mongolia to ramp up its coal exports to China – had ...

The upgrade honors a decades-old historical bonds while strengthening economic mechanisms that will help Mongolia and Czechia ...

Kazakhstan’s space industry is gaining international traction, with two new export contracts secured — one with Mongolia for ...

Meanwhile, Manzhouli, another land port in Inner Mongolia, is known as China's largest land port, with its railway port ...

ULAN-BATOR. April 10 (Interfax) - The Mongolian parliament has ratified an agreement with China for the joint construction of a new cross-border railway, Gashuunsukhait-Gantsmod, designed for directly ...

While Mongolia is striving to diversify its energy sources and transition to renewable energy, its economy continues to depend on the export of natural resources. In 2024, foreign direct investment ...

Forging economic partnerships with members countries on a bilateral mechanism serve Mongolia’s small economy better than establishing an EAEU-wide FTA. An inflow of tariff-free goods ...

The mining sector remains one of the main pillars of the Mongolian economy, as the country is rich in natural resources such as gold, silver, copper and coal. A significant share of Mongolia's ...