![]() This contrasts previous gloomy growth expectations, despite tightened financing conditions globally and domestically, says a new report by the Asian Development Bank (ADB) released today. The economy of Mongolia is transitioning to post-pandemic expansion, driven by the economic reopening in the People’s Republic of China (PRC), robust demand for mineral commodities, and revival of domestic demand. MONGOLIA’S GROWTH TO RISE IN 2023 TO 5.4 PCT BEFORE ACCELERATING IN 2024 - ADB The 12.2% increase in the consumer price index from the same period of the previous year was mainly contributed by the 17.3% increase in prices of food and non-alcoholic beverages group (21.0% increase in prices of non-alcoholic beverages), 9.0% increase in prices of alcoholic beverages and tobacco group, 13.5% increase in prices of clothing, cloth and footwear group, 13.8% increase in prices of housing, water, electricity, and fuels group, 7.2% increase in prices of medicine and medical service group, 5.4% increase in prices of transport group and 20.1% increase in prices of food and accommodation service group. ![]() In March 2023, the consumer price index at the national level increased by 1.0% from the previous month, 3.4% from the end of the previous year and 12.2% from the same period of the previous year. INFLATION RATE REACHED 12.2 PCT IN MARCH 2023 Member-to-member special offers & benefits UNICEF: Call for actions of the private sector to reduce children’s exposure to air pollution in UBīCM Guideline for Companies to Combat Air Pollution UNICEF: Guidance for employers on flexible work arrangements and other good workplace practices in the context of Covid-19 The BCM appoints Raphaël Goué as official BCM representative in Europe India pauses rate hikes in surprise move amid stubborn inflationīiden offers USD 450m for clean energy projects at coal mines Oil prices surge after OPEC+ producers announce surprise cuts Grata International: Doing Business In Mongolia 2023 - ReportĪ turning point for Mongolia’s exports: Mineral commodity exchange - EditorialįRC Chairman: Mongolia’s green initiatives offer “solid incentive” for environmentally friendly economic activity - InterviewĪ.Enkhbayar: It is effective to show cultural heritages as real items in an abstract environment - InterviewĪDB Forecasts 4.8 pct Growth for Asia and Pacific in 20Ĭhina economists expect 5.4 pct GDP growth in 2023: surveyĪustralia critical mineral export revenue to match coal by 2028 - govt reportĬhina accounts for two thirds of world's planned new coal power - researchĬompanies can vie to mine the deep sea starting in July Guest post: Mongolia’s Success in Team Sports - Editorial Request for Quotations for MCC perception survey TMK Energy rig mobilisation and approvals in place for Pilot Well program commencementįinancial Regulatory Commission’s Annual Report Released Steppe Gold reports strong rise in 2022 revenue as it moves forward with Phase 2 Expansion at ATO mine National Reinsurance JSC to offer shares to public Mongolian Chamber of Commerce to the EU Opened Khan Bank announces the launch of an initial public offering Potential rise of strategic deposits - Editorial Ts.Munkhtsetseg: Parties with financial violations be downgraded and classified as inactive - Interview ‘Like a divorce’: Mongolia, landlocked between Russia and China, fears new Cold War - Editorial Zandanshatar: D-Parliament Gives Opportunity to Increase Participation in Decision-Making Minister of Justice: Whistleblowers to be Rewarded up to MNT1.5 Billion Prime Minister urges combining mining with industrializationĮx-Mongolian minister facing corruption charges arrested in Cebu Khurelbaatar: Port recovery influences the increase in foreign exchange reserves Why Investing in Water Storage Matters in Mongolia’s Gobi Desert - EditorialĬh. Justine Coulson: Young people are the future, it’s important to invest in them - Interview Land Grabs and the Cost of Mining in Mongolia - Editorial ![]() Macro Advisory: Mongolia, surfing the seven Cs - Editorial The “best” soum that cannot figure out between following herding and farming - Editorial In February 2023, the terms of trade index increased by 15.5 pct from the previous month Mongolia receives over 130,000 foreign tourists in Q1 Mongolia stockpiles 22.9 tonnes of gold in 2022 Mongolia’s Growth to Rise in 2023 to 5.4 pct Before Accelerating in 2024 - ADBĬhina, Mongolia trade via major land port vigorous in Q1 Inflation rate reached 12.2 pct in March 2023 Each article is kept to a maximum of 150 words for brevity, but click on the link next to “Source” to read the full article. BCM NewsWire provides short summaries of news collected from around the world.
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