Business Climate Improving

Business Climate ImprovingBusiness Climate Improving

Mohammad Nahavandian, chief of staff of the Presidency of the Islamic Republic of Iran, told the World Economic Forum audience that the Iranian government has started taking measures to improve the business environment in the country.    

Speaking at a panel on Iran's future at the WEF in Davos on Wednesday, he also said Iran has the potential to see its gross domestic product expand 8%, CNBC reported.

"Iran has the potential to come out of this recession and sanctions with a growth rate of 8%, that's feasible, being mindful of the fact that there are so many global companies who have expressed interest in the energy sector, ICT and transit routes in Iran, be it railway, roads or airways," he said.

"Of course, there are things to be done and the administration is mindful of the fact that the business environment has to improve a great deal and we've already started that," he added.