The Report: Mongolia 2014

The Report: Mongolia 2014

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Since the countrya€™s transition from communism two decades ago, the Mongolian economy has experienced rapid liberalisation. Sectors including ICT and insurance are expanding quickly and, while the mining sector has been responsible for making Mongolia a rising star in the global economy, there is great potential for further growth in all economic sectors. Politically stable and rich with natural resources, Mongolia has emerged as a bellwether for investor confidence in recent years. The 2013 commercialisation of the Oyu Tolgoi gold and copper mine is helping to diversify Mongoliaa€™s mineral exports away from coal, while the government is working to improve the investment environment by adopting the new Investment Law, among other measures. Challenges do exist, however, from the long harsh winters that slow construction to the difficulty of connecting the sparsely populated nation through ICT and transport systems. In response, the government has partnered with the private sector on a number of fronts in order to promote economic diversification and competitiveness.... which essentially means improving the quality of customer service and being utterly dependable 24 hours a day, seven days a week, a€ said Holliday. a€œWe are the only ISO-accredited telco for 2701 and 9001 (data quality and integrity), and just got our 2014 ISO renewal. ... In 2012 Skytelextended its 3G services to a number of new soums and updated its billing and customer service ... When G- Mobile and MobiCom first introduced 3G technology in 2008-09, uptake was minimal.

Title:The Report: Mongolia 2014
Author:Oxford Business Group
Publisher:Oxford Business Group - 2014-05-23


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