Three Provinces Offer Best Business Environment in Q3

The three Iranian provinces of Qazvin, West Azarbaijan and South Khorasan had the best business environment in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2022), latest data released by Iran Chamber of Commerce, Industries, Mines and Agriculture show.
The National Business Environment Index, measured by ICCIMA, stood at 6.05 in Q3 to register a 0.17 percentage point or 2.89% increase compared with the preceding quarter and a 0.11 percentage point or 1.78% increase compared with the corresponding quarter of last year.
The index measures business friendliness of Iran’s economy, with 10 indicating the worst grade and a decline showing an improvement in the business environment.
The ICCIMA index is fashioned after World Bank’s discontinued “Ease of Doing Business” index, a tool formerly used for countries seeking to measure costs of doing business.