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Wednesday, July 6, 2011




Mongolia Briefing is a magazine and daily news service about doing business in Mongolia. We cover topics relating to the Mongolian economy, the market in Mongolia, foreign direct investment and Mongolian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates


Science & Technology

Mongolia’s IT Sector Continues to See Rapid Growth

Mar. 21 – Mongolia’s internet sector is considered to be one of the most rapidly expanding sectors in the country, according to market research conducted by local Frontier Securities.

The number of internet subscribers in the country increased 10-fold from 2006 to 2009 – from around 10,000 to over 100,000. Estimates grew to 199,000 subscribers by the end of 2010 due in part to falling costs as the market expands.

According to Frontier Securities data, the wholesale price connection has dropped from US$3,250 per 1 Mbps in 2004 to US$80 in 2011. Continue reading

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Air Pollution in Ulaanbaatar Kills 1,600 People Every Year

Jan. 12 – Air pollution kills about 1,600 people in Ulaanbaatar every year, and is the cause of an additional 8,500 hospital admissions for lung and heart diseases, according to a joint study undertaken by the World Bank and the Mongolian Ministry of Nature.

According to the study, the concentration of dust particles in the air is 35 times the standard recommended by the World Health Organization (WTO). According to the new report released by the WTO in September 2011, Ulaanbaatar is the second most polluted city in the world and it is also the world’s coldest capital city. Continue reading

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Mongolia to Use Massive Ice Blocks for Summer AirCon

Nov. 17 – Mongolia is to launch one of the world’s biggest ice-making experiments later this month in an attempt to combat the adverse affects of global warming and the urban heat island effect. The geo-engineering trial, that is being funded by the Ulaanbaatar city government, aims to “store” freezing winter temperatures in a giant block of ice that will help to cool and water the city as it slowly melts during the summer.

The scientists behind the 1 billion tugrik (US$700,000) project hope the process will reduce energy demand from air conditioners and regulate drinking water and irrigation supplies. If successful, the model could be applied to other cities in the far north. The project aims to artificially create “naleds” – ultra-thick slabs of ice that occur naturally in far northern climates when rivers or springs push through cracks in the surface to seep outwards during the day and then add an extra layer of ice during the night. Unlike regular ice formation on lakes – which only gets to a meter in thickness before it insulates the water below – naleds continue expanding for as long as there is enough water pressure to penetrate the surface. Many are more than seven meters thick, which means they melt much later than regular ice. Continue reading

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Mongolia Connects to Hong Kong with Direct Flights and Consulate

May 31 – Mongolia has strengthened its ties with Hong Kong through the creation of a new consulate, and the establishment of bi-weekly direct flights to Ulaanbaatar. The links bring increased exposure to the financing and business opportunities in the country as Mongolia seeks to attract investors to help the nation develop its new-found wealth. Continue reading

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Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at mongolia@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


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