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Mongolia’s GDP growth is expected at 15% and described as one of the most exciting investment prospects in 2014, according to foreign forecasts
Home pageMongolia’s GDP growth is expected at 15% and described as one of the most exciting investment prospects in 2014, according to foreign forecasts
Mongolia’s GDP growth is expected at 15% and described as one of the most exciting investment prospects in 2014, according to foreign forecasts
Last week, the UK's most trusted and established international property investment advisor Property Frontiers has released the "Global Property Markets" 2014 Predictions.
 
According to Predictions, Mongolia is described as one of the most exciting investment prospects for the year ahead and as one of the fastest growing economies in the world after ratifying the Investment Law in 2013 in order to make the country more attractive to foreign investors. 
 
"Mongolia has rocketed from being a largely nomadic and relatively unknown country, at least in investment terms, to being a key hotspot due to the discovery of its incredible mineral reserves, worth an estimated 1.5 trillion USD. The wealth generated by the mining industry has flowed rapidly through the country, with the result that demand for high end accommodation and western style luxury shopping and leisure facilities has increased at an incredible pace. This will be an exciting country to watch as developers try to keep up with the Mongolian population's demands", the Predictions points out. 
 
According to the forecasts of the Economist Intelligence Unit, the world’s five fastest-growing economies in 2014 will be South Sudan, Mongolia, Macau, Sierra Leone and Turkmenistan and Mongolia’s mines would help push its GDP growth to 15% in 2014. 
 
Update: World Economic Forum Report 2014: Scenarios for Mongolia
 
News: Preliminary results of Macroeconomic Indicators for 2013
News: Preliminary results of Economic Sector Indicators for 2013
News: Preliminary results of Social Indicators for 2013
News: The Ministry of Mining to determine the policy of mineral sector until 2025
 
News: Coal Mongolia 2014: Mongolia’s coal exports to reach 31.4 mtpa in 2014
News: The first "30 Minutes with Prime Minister" meeting of 2014 was organized on January 2nd
News: Minister of Finance Ch.Ulaan and Minister of Economic Development N.Batbayar were remained
News: Oyu Tolgoi LLC to produce 692.3 thousand tons of copper concentrate in 2014
 
News: As of today, about 160 million USD is left to pay off the debt to Chalco, said Ya.Batsuuri, CEO of Erdenes Tavan Tolgoi
News: In the first 11 months of 2013, Mongolia's Import decreased by 6.6% and Export also by 4.2%
News: Registration of foreign entities in Mongolia has started
News: The Government resolved to form the Authority of Investment
 
News: The World Bank: Mongolia Economic Update, November 2013
News: Minister of Economic Development meets with Standard & Poor’s experts
NewsMongolia to supply China with 1 billion tons of coal within 20 years
NewsPresentation by Foreign Minister of Mongolia L.Bold at the 25th APEC Ministerial Meeting
 
NewsThe Law on Investment of Mongolia was approved
NewsMongolia’s debt to Chalco will be paid off within this year
News: Government of Mongolia resolved to register 7 mine deposits into the list of strategic importance
News: Mongolia is forecasted to be the second fastest growing economy in 2013
  
Info: Doing Business 2014: Mongolia
Info: Index of Economic Freedom 2014: Mongolia
Info: Global Retail Development Index 2013: Mongolia
Info: Resource Governance Index 2013: Mongolia
Info: Surveys and Reports: Mongolia

Data: Main indicators of Mongolian statistics
Data: Statistics: GDP of Mongolia
Data: Statistics: Labour and Business register
Data: Statistics: Industry
Data: Statistics: External and Domestic trade

   

January 13, 2014


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