TALLINN - In a mood that was half celebratory and half defensive, Estonian Railways hosted a press luncheon last week to congratulate itself on being "the most successful privatization in Estonian history" and to test the waters on a new plan for complete privatization. Company officials also used the occasion to deny rumors of a possible sale to Russian interests."Our trains are running well and making money," announced Edward Burkhardt, the American CEO of Baltic Railway System, which bought 66 percent of Estonian Railways when the company was privatized in 2001."Estonian Railways is no...
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