The inaugural EU–Mongolia Business and Investment Forum successfully concluded in Ulaanbaatar last week, marking a historic milestone in deepening economic cooperation between the 2 sides.

• Bringing together over 700 delegates, including Mongolia’s former Prime Minister, senior EU officials, more than 70 European companies, and 200 Mongolian businesses, the 2-day forum served as a powerful platform to strengthen trade, investment, and sustainable development partnerships across key industries.

🌍 Strengthening Economic and Sustainable Ties

Under the Global Gateway initiative, the European Union is expanding collaboration with Mongolia to foster sustainable, inclusive infrastructure and green energy. The forum featured sector-focused discussions on renewable energy, textiles and apparel, mining and rare earths, agriculture, forestry, and consumer goods, while business matchmaking sessions helped forge new partnerships and identify tangible investment opportunities.

💶 A €1 Billion Commitment to Mongolia’s Green Transition

A major highlight was the signing of a Memorandum of Understanding between the European Investment Bank and the Government of Mongolia, providing up to €1 billion in financing to accelerate Mongolia’s green transition. The funding will support projects in renewable energy, modern power grids, and environmentally friendly transport systems.

🧐 EBRD’s Long-Standing Commitment

Furthermore, as an active investor in Mongolia, the EBRD’s new head highlighted that this partnership reinforces the bank’s long-standing commitment to supporting the country’s sustainable development. The EBRD is focusing on modernizing Mongolia’s transmission infrastructure, including the EU-funded Choir–Sainshand project, with the next phase already in preparation, advancing the nation’s shift toward cleaner, more resilient energy systems.

Lastly… The forum underscored the vast potential of EU-Mongolia cooperation. From renewable energy to rare earth elements, both sides are building a foundation of trust and innovation, advancing shared goals for a sustainable and prosperous future.