Libya: Austrian Companies Face Losses of € 200m

Business › Economy ♦ 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…

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