National Business Environment Drops to Worst Level in 3 Yrs.

Iran’s business environment score has plummeted to the worst level in the past three years, new data released by Iran Chamber of Commerce, Industries, Mines and Agriculture indicate.
The country’s National Business Environment Index stood at 6.07 in the first quarter of the current fiscal year (March 21-June 21) to register a 0.24 percentage point or 4.12% increase compared with the preceding quarter and a 0.17 percentage point or 2.88% increase compared with the corresponding quarter of last year, the chamber reported 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 costs of doing business.