Kaido Simmermann - Articles and news items
Issue 3 2010 / 31 May 2010 /
With its 140-year history, Estonian Railways has been a bright example in illustrating how to adapt to circumstances and successfully cope with them in the rapidly changing economic environment of recent years. 2009 represented an important year for Estonian Railways, when it carried out several significant changes concerning its tariff system, investments, and the optimisation of its activities.
On 14 January 2009, Estonian Railways founded two new affiliates: EVR Infra Ltd. (a rail infrastructure undertaking) and EVR Cargo Ltd. (a rail transport services undertaking). These companies have become a group of undertakings working under control of Estonian Railways Ltd.
2007 was one of the most controversial years in Estonian Railways’ history. The year could be characterised by the repurchase of company’s shares by the government, record freight volumes during the first months of the year, record low volumes during the second half of the year, cost savings, staff reductions, efficiency improvements and preparation of the new business plan.
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