TALLINN - In late October Estonian media reported that the nation's recently re-nationalized rail cargo carrier, Eesti Raudtee (Estonian Railways) expected to earn a profit of 204.4 million euros over the next ten years. ER representatives deny those reports, but confirmed that despite a drop in Russian oil transit, the company is on track to remain profitable as it moves toward transporting more consumer-oriented goods and takes advantage of its location to handle more Europe- and Russia-bound traffic. Spokesman Urmas Glase told The Baltic Times that a recent report by Eesti Paevaleht ...
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