Elron to get €23.2m subsidy this year ({{commentsTotal}})

State-owned passenger railway company Elron stands to get €23.2m in subsidies this year, which is a smaller amount than in any of the past three years.

Of the subsidy, €15.6m will be spent on passenger operations, and €7.6m on leases of trains, Elron’s CEO Andrus Ossip told the Baltic News Service.

Elron’s ticket revenue was projected to increase by 6% this year, but this depended to a great extent on repairs along the Tapa-Tartu and Liiva-Rapla sections of the railroad as well as their timetables, Ossip said.

In addition Elron was planning to invest nearly a million euros in its rolling stock and improving the comfort of passengers, Ossip added.

Elron's unaudited operating income in 2015 was €39.4m, 16% less than in 2014.

The subsidy paid to Elron in 2015 was €27.2m and €30.6m in 2014.

Editor: Editor: Dario Cavegn



Opinion
Kallas, Kasemets, Maasikas: EU is strong, no upside to losing the euro

Speaking on Vikerraadio's "Reporteritund" ahead of the 60th anniversary of the Treaty of Rome, Siim Kallas, Keit Kasemets and Matti Maasikas agreed that despite its prblems, the EU remained strong as a union.

Opinion digest: How can Estonia shed its reputation as a frontline state?

In a recent opinion piece in Postimees, Propastop, a blog maintained by Estonian Defence Forces volunteers, listed suggestions on how Estonia could shed its international reputation as a frontline state.