What are the latest news in Mongolia?

Fuel Security and Supply Diversification The government is implementing measures to address domestic fuel shortages and reduce dependence on traditional suppliers. To meet growing demand and stabilize supply, Mongolia has broadened petroleum and jet fuel imports to include sources from South Korea, China, Kazakhstan, and Belarus, while temporarily removing customs and excise duties on imported fuel. -Interfax———Budget Reforms and Pension Increases Prime Minister Nyam-Osoryn Uchral presented revisions to the 2026 state budget, including social insurance reforms set to take effect on November 1, 2026. The plan introduces an increase in basic monthly pensions for senior citizens by 100,000 to 300,000 MNT to address income disparities. Asia News Network———Mining and Resource Disputes Mining remains a central economic pillar and a subject of domestic scrutiny. Discussions continue over domestic revenue-sharing from major resource operations, including the Oyu Tolgoi copper and gold mine. Protests and regulatory discussions have focused on maximizing local economic benefits and managing cross-border mineral logistics.- World Bank+ 2———Economic Growth and Inflation Pressures According to recent multilateral updates, Mongolia’s GDP growth is projected around 5.0% for the year, supported by mining output and agricultural recovery. However, the central bank and economic planners continue to manage inflation risks driven by energy costs, urban housing dynamics, and fiscal spending. -World Bank+ 1———Tourism and Border Traffic Growth Foreign arrivals increased by over 25% year-over-year during the first half of the year, driven largely by inbound visitors from neighboring East Asian and Pacific nations, as well as Europe. Checkpoints such as the Zamiin-Uud border crossing and Chinggis Khaan International Airport reported heavy traffic volumes during the peak summer travel and Naadam festival period. -Qazinform+ 1———