Q1 Business Environment Index Goes Downhill

EghtesadOnline: Iran’s National Business Environment Index came in lower in the first quarter of the current fiscal year (March 21-June 21) compared with the previous quarter, according to a study by the Statistical Center of Iran.

News ID: ۷۸۳۴۳۵

28 July 2018

The index stood at 6.15 points this spring, down from last year’s Q4 (December 22, 2017-March 21, 2018) score of 5.80, Iran Chamber of Commerce, Industries, Mines and Agriculture reported on its website.

The NBEI measures business friendliness of Iran’s economy, with 10 indicating the worst grade. The lower the figure, the better the business environment.

Unpredictability of raw material price fluctuations, bank financing difficulties and inconsistent policymaking were the main factors adversely affecting Iran’s business environment during the period under review, according to the findings of the study, Financial Tribune reported.

The chamber also measures the index for each of the 31 Iranian provinces. The report named North Khorasan, Sistan-Baluchestan and Khuzestan as the provinces with the worst environment to do business in, while Gilan, Fars and Zanjan provinces were the most exemplary.

As for different fields of business, the top three were “real estate”, “information and communications” and “water supply, wastewater management and water treatment”. The bottom tier included “services and support administration”, “construction” and “food”.