Spacecom declared war to Estonia

Russian-owned rail freight company Spacecom promised to sue Estonia in European Court.
Harju County Court imposed the company an EEK 500,000 fine for the attempt to damage competitor. The decision came into effect yesterday, aripaev.ee writes.
Spacecom noted in a press release that it will sue Estonia in European Court because the Supreme Court did not accept Spacecom’s [...]

Transport of goods by rail decreased considerably

According to the preliminary data of Statistics Estonia, in 2007 the usage of services of passenger transport enterprises remained on the same level compared to 2006. The carriage of goods by road transport enterprises increased and by rail decreased compared to the previous year.

In 2007, the number of passengers carried by Estonian transport enterprises was [...]

End of privatization of Estonian Railways

On 17th of November, the government of Estonia and Baltic Rail Services (BRS), the owner of 66 per cent of Estonian Railways, have signed the agreement that enables to terminate the privatization of Estonian Railways and start the transfer of ownership of the company to the Estonian government with the price of 150 million euros [...]

New investor lifts money out of railway

The Baltic Times, TALLINN
By Kairi Kurm
May 29, 2002
The new owner of the freight arm of the Estonian rail system Baltic Railway Services wants to earn a fast buck from the partly privatized Estonian Railway (Eesti Raudtee) by taking all of the previous years? profits out of the company, according to the Ministry of Transport and [...]

Locomotive renewal gets underway

The Baltic Times, TALLINN
By Kairi Kurm
Nov 01, 2001
Oleg Ossinovski, head of railway maintenance and rental company Skinest, last week unveiled two new Czech CME3T shunting locomotives.
“These are the first new shunting locomotives acquired in Estonia in the last 14 years,” he said, proudly. “They are the best of their kind in the whole world. Today [...]

Company buys majority stake in Estonian railway

The Baltic Times, TALLINN
By Kairi Kurm
Sep 06, 2001
After much battling in court the Estonian Privatization Agency finally concluded the sell-off of a 66 percent stake in Eesti Raudtee – the freight arm of the Estonian rail system – to the Baltic Rail Services company on Aug. 31. The company earlier transferred the 1 billion kroon [...]

Private money saves railway deal

The Baltic Times, TALLINN
By Kairi Kurm
Aug 23, 2001
Baltic Rail Services, the privatizing agent for 66 percent of the freight arm of the Estonian railway Eesti Raudtee, which failed in its attempt to borrow the required 1 billion kroon ($57.11 million) purchase price from the banks, announced that it would pay the sum from its own [...]

Financing pulled from under railway deal

The Baltic Times, TALLINN
By Kairi Kurm
Aug 02, 2001
Just as the company Baltic Rail Services reaches the final step in the prolonged privatization of the state-owned railway transport giant Eesti Raudtee, it has found that it might not get the share in the state-owned railway it has been waiting for.On July 24 Hansapank and Swedbank decided [...]

Estonian railway privatization threatened

The Baltic Times, TALLINN
By Kairi Kurm
Jul 19, 2001
The Riigikontroll, the Estonian state audit office, announced on July 16 that the Estonian Privatization Agency had brought unlawful financial obligations on the state with the sale of the Estonian railway Eesti Raudtee to Baltic Rail Services.
The privatization contract may generate over 1 billion kroons ($55 million) of [...]

Bidders fight over control of railway

The Baltic Times, TALLINN
By Kairi Kurm
Mar 08, 2001
The privatization process of the Estonian railway company Eesti Raudtee was put back on track last week after the Estonian Privatization Agency decided to invite the second-place bidder, Baltic Rail Service, to negotiate the sell-off of a 66 percent stake in the country’s railway.
The talks with the winner [...]