Domestic Economy

ICCIM Gauges Executive Bodies’ Approval Rating

ICCIM Gauges Executive Bodies’ Approval Rating
ICCIM Gauges Executive Bodies’ Approval Rating

The State Welfare Organization of Iran, the Institute of Standards and Industrial Research of Iran and the Ministry of Culture and Islamic Guidance topped the list of executive bodies with the highest approval rating in view of economic enterprises in the fiscal 2020-21 (ended March 20), Iran Chamber of Commerce, Industries, Mines and Agriculture said.
The Central Bank of Iran, municipalities and the Social Security Organization came at the bottom of the list.
Executive bodies in Markazi, Ilam and Mazandaran provinces had the highest level of approval while those in Tehran, Khuzestan and Kermanshah ranked lowest.
Iran’s business environment deteriorated in the first quarter of the current fiscal year (March 21-June 21) compared to the previous quarter, ICCIM reported earlier.    
Iran’s National Business Environment Index stood at 5.90 in Q1 (spring) of the current fiscal year to register a 0.10 percentage point or 1.64% increase compared with the preceding quarter (winter) but a 0.11 percentage point or 1.91% decrease compared with the corresponding quarter of last year, the chamber said in a report published on its website.
The index calculated by ICCIMA measures the business friendliness of Iranian economy, with 10 indicating the worst grade. In other words, the decline in the index is indicative of an improving business environment.

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