Iran Chamber of Commerce Surveys Business Environment

Iran’s business environment strengthened in the winter of the previous fiscal year after being weakened for the third consecutive quarter in the autumn of the previous year, according to the Iran Chamber of Commerce, Industries, Mines and Agriculture.
Iran’s National Business Environment Index stood at 5.83 in Q4 (Dec. 22-March 20) to register a 0.11 percentage point or 1.85% decrease compared with the preceding quarter and a 0.03 percentage point or 0.48% increase compared with the corresponding quarter of last year, the chamber said in a new 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 index is indicative of an improving business environment.
The ICCIMA index is fashioned after World Bank’s “Ease of Doing Business” index, a tool for countries seeking to measure the cost of doing business.