Business - Economy

Libya: Austrian Companies Face Losses of € 200m

Published: July 4, 2012; 19:12 · (Vindobona)

Since the attacks against Libya in 2011, the damage for Austrian companies operating in Libya total € 200m. Major projects had to be postponed.

Libya: Austrian Companies Face Losses of € 200m / Picture: © Vindobona.org

According to the Austrian commercial delegate David Bachmann, costs for Austrian companies in Libya are enormous. In total, damage reach € 200m. Losses of production are not included in this figure, though. Since February 2011, all major projects are standing still. Bachmann expects that Austrian companies operating in Libya have to wait about one year until Libya gets a stable…

This article includes a total of 225 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Libya: Austrian Companies Face Losses of € 200m

Since the attacks against Libya in 2011, the damage for Austrian companies operating in Libya total € 200m. Major projects had to be postponed.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.