Economy, Domestic Economy
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ICCIMA: Q2 Business Environment Index Dips

Financial difficulties, unpredictability of raw material prices and unfair taxation were the most undesirable factors affecting Iran’s business environment during the period under review.Financial difficulties, unpredictability of raw material prices and unfair taxation were the most undesirable factors affecting Iran’s business environment during the period under review.

Iran’s National Business Environment Index came in lower in the second quarter of the current fiscal year (June 22-Sept. 22) compared with the previous quarter, according to the results of a study undertaken by Iran Chamber of Commerce, Industries, Mines and Agriculture.

The index stood at 5.77 points this summer, down from Q1’s score of 5.69, ICCIMA reported on its website. The index calculated by ICCIMA measures business friendliness of Iran’s economy, with 10 indicating the worst grade. The lower the figure, the better the business environment.

Financial difficulties, unpredictability of raw material prices and unfair taxation were the most undesirable factors affecting Iran’s business environment during the period under review, according to the findings of the study.

On the other hand, access to electricity, gas and Internet were identified as the three most prominent factors in improving the environment.

The chamber also measures the index for each of the 31 Iranian provinces. The report named North Khorasan, Sistan-Baluchestan and Lorestan as the provinces with the worst environment to do business in, and Gilan, Fars and Markazi provinces as the best.

As for different fields of business, the top three are “food and accommodation services”, “real estate” and “water supply, wastewater management and water treatment”. The bottom tier includes “education”, “construction” and “services and support administration”. The agriculture sector beat industries (5.73) and services (5.71) with a score of 5.59.

 

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