WKÖ on Mongolia: "A Country with Development Potential"

Business › Economy ♦ Published: April 21, 2011; 15:03 ♦ (Vindobona)

The Austrian Economic Chamber sees a huge trade and investment potential for the domestic economy in the sparsely populated country.

WKÖ on Mongolia: "A Country with Development Potential" / Picture: © Vindobona.org

"Mongolia, twenty times as large as Austria, has huge natural resources. Copper, gold, coal, uranium, tin, zinc and rare earths, all of them mineral resources that are increasingly in demand by the economies around the globe, make Mongolia one of the ten resource-richest countries of the world. The most sparsely populated state in the world with only 3 million inhabitants is also one of…

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