Tehran, Iran, Oct. 28
By Mehdi Sepahvand -- Trend:
An Iranian MP has said Iran's doing business ranking owes its advancement in the current year to improving situations in security and political spheres.
The improvement comes from all the measures that were recently taken to improve the country's status in terms of security and political relations in particular, Iraj Naidmi, deputy chairman of the Iranian Parliament's Economic Commission, told Trend Oct. 28.
Earlier in the day the World Bank published its Doing Business 2015 report which showed Iran's ease of doing business has improved from last year's 119 to 118 among 189 countries.
Nadimi said inflation control is one of the factors that has helped reduce investment risk in the country.
This week the Central Bank of Iran reported that the country's economic inflation had reached 13.3 percent. This is while when President Hassan Rouhani came to office in 2013, inflation was greater than 40 percent.
Resistance economy, monetary discipline, and fight on corruption are other factors that have played a role in the ranking improvement, according to the MP.
Resistance economy is a notion introduced by Supreme Leader Ayatollah Ali Khemenei, notifying minimum reliance on foreign resources in order to reduce vulnerability.
Nadimi said the nuclear case has also played a major role there.
"Before the nuclear talks, the world outlook toward Iran was negative. They would say Iran could not come out of isolation and improve its international relations. But now sanctions are being lifted and there are numerous economic and political figures from across the world visiting Iran. All these have improved the country's business situations," he explained.
Iran and the group P5+1 (the US, UK, France, Russia, China, and Germany) reached a comprehensive deal on the country's nuclear program on July 14.
The deal is provisioned to remove economic sanctions on Iran. President Rouhani said October 27 that this would happen before the end of 2015.
Edited by CN