Mongolia
CEE companies weather the COVID-19 crisis
Prompt and decisive government intervention, financial lifelines and firms’ involvement in global value chains have helped minimise insolvencies, says EIB/EBRD report.
EBRD expects 30% GDP contraction in Ukraine in 2022, lowers emerging Europe projections
The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.
Mongolia’s inflation headache goes from bad to worse as thirst for scarce dollars mounts
FX reserves fall by $1.2bn in few months—yet small, developing nation must pay for imports in USD.
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Hapless Mongolia struggles with a shortage of dollars
Caught between ‘zero-Covid’ China on one side and war-sanctioned Russia on the other, the Mongolians face mounting difficulties.
COMMENT: Russia poised to exploit Mongolia on Soyuz–Vostok pipeline
Moscow is working to secure Mongolia as a junior partner for a new strategically important natural gas pipeline to China.
Mongolian youth mount protest against ‘unliveable economy’
Country sinking into dire straits with combination of Ukraine war impacts and China’s “zero-Covid” policy driving up energy and food costs.
bneGREEN: Wind and solar growth must accelerate to keep pace with demand for power
Wind and solar accounted for a record 10.3% of global electricity consumption in 2021, after solar generation rose by 23% and wind grew by 14%.
EBRD slashes 2022 growth forecasts but only nations embroiled in war to enter recession
Ukraine's economy forecast to contract by 20% and projections worsen across emerging Europe — except for Eurasian oil and gas producers Azerbaijan and Turkmenistan.
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Mongolia's central bank circles wagons around reserves as Ukraine crisis puts economy to the test
Bank customers complain access to FX restricted. Rumours abound of people swapping huge sums of rubles for USD.
Mongolia goes ahead with Soyuz/Vostok pipeline signing with Russia despite Ukraine outcry
Mongolian deputy PM and Gazprom chair Alexey Miller hold online meeting for next stage of project to transit Russian gas to China.
