Olya Schaefer, The Baltic Times, March 9, 2011
TALLINN - Estonia’s transit industry continues to show double-digit growth in 2011. This is a very encouraging sign for the economy, and leads analysts to speculate that the transit sector would be a lucrative investment in the future. Estonia is uniquely positioned to capture a significant share of the transit market between Russia and Scandinavia, Western Europe and the Baltics. Rail infrastructure is solidly in place, there are several convenient ports, and international airports are available as well. Tallinn’s airport is accommodating more flights and carriers, while Tartu airport was renovated in 2009 to provide regular international flights.
However, it has been pointed out by Olli-Pekka Hilmola, a professor at Lappeenranta University of Technology in Finland and who has written extensively on the subject of transit that, “in transportation, everything depends on the state of economy.” So, accurate predictions of the future of the transit industry are as difficult to come by as accurate predictions of economic trends. While some analysts see a continuation of fast growth, Professor Hilmola is more cautious, predicting only modest growth.
// Is the Estonian transit industry growing by leaps and bounds, and can it maintain such levels of intense expansion? An important question to ask is one posed by Alari Purju in his “Transit trade trough Estonia: problems and developments” article in the Baltic Rim Economies bimonthly review of 2008, and that question is how do we measure the transit trade?//
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