The Report: Mongolia 2012 “Mongolia is open for business”
On Thursday March 1, “The Report: Mongolia 2012” was launched at the Blue Sky Hotel and Tower, the first in depth and informative analysis report made by the Oxford Business Group, a global publishing and consultancy company which currently publishes up-to-date business and economic reports in more than 30 countries.
The report contains comprehensive, concise, first-hand information on Mongolia’s most important sectors today: energy, tourism, economy, banking, mining, construction, and telecommunications.
The annual reports are an excellent source of information, and have a large audience ranging from politicians, universities, and people from the diplomatic world. It is an especially useful source of intelligence for businessmen and investors.
Mongolian Prime Minister S. Batbold, who was present at the launch ceremony for a keynote address, briefly introduced the current focus of the Government and added, “I would like to express my gratitude on behalf of the Mongolian Government and businessmen to the Oxford Business Group for publishing a very informative report on Mongolia’s economic status and opportunities during this time of economic growth. I believe the Mongolia 2012 report will contribute to Mongolia’s economic recognition worldwide by providing solid and real information to foreign investors and businessmen.”
At the launch ceremony, Paulius Kuncinas, Regional Editor of The Oxford Business Group, expressed his appreciation to a number of key people who were instrumental in completing the report, including Mongolian Prime Minister S. Batbold, who had given an interview in the report about challenges and opportunities in the Mongolian economy.
“OBG spends a great deal of time and investment in this report. We had a team of six people who are based here for 8 months to produce this 250 page report, making this the most comprehensive and accurate study currently available in the English language,” said Kuncinas during his presentation.
“The main message that you will read in this report is that Mongolia is open for business.” Noting the attractive investment returns in Mongolia’s growing market.
The second key message he presented was that it is not all about mineral resources. Mongolian agricultural and food processing sectors will be as important as mining in the next 10 years, with potential exports of meat, wheat and potatoes. Additionally, Mongolia can become a significant exporter of wool and cashmere.
He added that tourism is a “low-hanging fruit” in Mongolia, saying that international investors and shareholders believe Mongolia is known for its vast and remote landscapes. Without much investment in branding, Mongolia can build on its international recognition to attract tourists.
He also noted a few difficulties Mongolia may face in its economic progress.
“We are acutely aware of risks,” he says, “large in-flows of foreign capital from the mining sector are already putting pressure on domestic prices. Procyclical fiscal policies have added a strain on managing macroeconomic imbalances.” He said.
“Mongolian funding needs are formidable – estimated anywhere between 45 – 60 billion dollars over the next 5 – 10 years,” he continued. “Transport and infrastructure will require a key strategic approach, and well established rules and legislation to attract long term investors.”
The report contains comprehensive, concise, first-hand information on Mongolia’s most important sectors today: energy, tourism, economy, banking, mining, construction, and telecommunications.
The annual reports are an excellent source of information, and have a large audience ranging from politicians, universities, and people from the diplomatic world. It is an especially useful source of intelligence for businessmen and investors.
Mongolian Prime Minister S. Batbold, who was present at the launch ceremony for a keynote address, briefly introduced the current focus of the Government and added, “I would like to express my gratitude on behalf of the Mongolian Government and businessmen to the Oxford Business Group for publishing a very informative report on Mongolia’s economic status and opportunities during this time of economic growth. I believe the Mongolia 2012 report will contribute to Mongolia’s economic recognition worldwide by providing solid and real information to foreign investors and businessmen.”
At the launch ceremony, Paulius Kuncinas, Regional Editor of The Oxford Business Group, expressed his appreciation to a number of key people who were instrumental in completing the report, including Mongolian Prime Minister S. Batbold, who had given an interview in the report about challenges and opportunities in the Mongolian economy.
“OBG spends a great deal of time and investment in this report. We had a team of six people who are based here for 8 months to produce this 250 page report, making this the most comprehensive and accurate study currently available in the English language,” said Kuncinas during his presentation.
“The main message that you will read in this report is that Mongolia is open for business.” Noting the attractive investment returns in Mongolia’s growing market.
The second key message he presented was that it is not all about mineral resources. Mongolian agricultural and food processing sectors will be as important as mining in the next 10 years, with potential exports of meat, wheat and potatoes. Additionally, Mongolia can become a significant exporter of wool and cashmere.
He added that tourism is a “low-hanging fruit” in Mongolia, saying that international investors and shareholders believe Mongolia is known for its vast and remote landscapes. Without much investment in branding, Mongolia can build on its international recognition to attract tourists.
He also noted a few difficulties Mongolia may face in its economic progress.
“We are acutely aware of risks,” he says, “large in-flows of foreign capital from the mining sector are already putting pressure on domestic prices. Procyclical fiscal policies have added a strain on managing macroeconomic imbalances.” He said.
“Mongolian funding needs are formidable – estimated anywhere between 45 – 60 billion dollars over the next 5 – 10 years,” he continued. “Transport and infrastructure will require a key strategic approach, and well established rules and legislation to attract long term investors.”
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