Mongolia was ranked the 58th easiest country in which to do business out of 181 countries surveyed in an annual report by the World Bank and the International Finance Corporation. Last year, it was ranked 55th out of 174 countries surveyed.

Mongolian officials report that oil imported from China burns cleaner than the oil normally received from Russia.

A recent meeting between Minister for Road, Transport and Urban Development Kh.Battulga and the Russian Ambassador, G.B.Alexandrovich, discussed prospects of cooperation in the railway and auto transport sectors.

The compensation money having started to reach herders in every province, many of them can be seen buying things in Ulaanbaatar for the New Year. Only those who took loans for children’s tuition fees have to repay their debts before spending on festivities.

For the fifth year, Khan Bank has been awarded the "Bank of the Year" award for Mongolia. The 9th "Bank of the Year" award was granted by "The Banker" magazine at a London ceremony, Great Britain.