ICCIMA reports upturn in Iran’s business environment

Financial Tribune – “Access to energy carriers (electricity, gas and diesel)”, “access to water” and “access to the internet and mobile phone network” were the three most prominent factors that helped improve the business environment in summer

Iran’s business environment displayed the third consecutive improvement in the three-month period ending Sept. 22 compared with the previous quarter.

The country’s business environment was in fact in its best condition during the past one and a half years in summer, Iran Chamber of Commerce, Industries, Mines and Agriculture reported.

Iran’s National Business Environment Index stood at 6.07 in Q2 of the current fiscal year, registering a decrease of 1.6% compared with the preceding quarter and a decrease of 5.17% over the same quarter of last year.

The index calculated by ICCIMA measures business friendliness of Iran’s economy, with 10 indicating the worst grade, which suggests that the decline in the index is indicative of an improving business environment.

Iran’s National Business Environment Index stood at 6.17 in Q1 and 6.40 in Q2 of fiscal 2018-19.