Iran’s business environment improves for fourth consecutive quarter

Financial Tribune – Iran’s business environment improved for the fourth consecutive time in the three-month period ending Dec. 21, according to Iran Chamber of Commerce, Industries, Mines and Agriculture.

Iran’s National Business Environment Index stood at 6.03 points in Q3 of the current fiscal year to register a decrease of 0.68% compared with the preceding quarter and a decline of 7.09% over the same quarter of last year, the chamber said in a report published on its website.

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

Iran’s National Business Environment Index stood at 6.07 in Q2 and 6.49 in Q3 of the fiscal 2018-19.