Estonia Freight Transport Report 2016 - Business Monitor International - Industry Reports

Estonia Freight Transport Report 2016

Estonia Freight Transport Report 2016 - Business Monitor International - Industry Reports
Estonia Freight Transport Report 2016
Published Oct 31, 2015
52 pages — Published Oct 31, 2015
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Abstract:

BMI View: Estonia s freight transport sector will continue to be affected by a drop in exports owing to a lack of demand from Russian markets (as a result of the food import ban) in addition to continuing economic weaknesses in Europe and especially in the Nordic countries, two of which are Estonia s top export destinations. Rail freight dominates the country s freight mix and will continue to do so over the medium term, benefitting from thawing tensions between Russia and the West over the longer term. ...Exports and imports are estimated to accelerate in ---- and will continue to grow in ----. The relatively weak external demand due to sanctions against Russia and the weak economy in Estonia s key trading partners in Western Europe and especially the Nordic countries will continue to ensure that import growth continues to outpace that of exports, at least in the short term. Real growth trade is forecasted at -.-- in ---- and will reach -.-- in ----. ...Road will continue to grow on the back of increasing consumer demand following a strengthening of the Estonian economy. Air freight will remain a small part of the overall freight mix, but may benefit from an increase in exports from Estonian ICT services to a recovering Europe and Nordics.

...Transport Ministers Sign Baltic Rail Agreement: The transport ministers of Latvia, Lithuania and Estonia have signed a momentous agreement to establish a joint venture (JV) for the EUR-.-bn (USD-.--bn) ...The JV, RB Rail, will result in the construction of a standard-gauge high-speed line to connect the region with Poland. RB Rail will be responsible for the design, construction and marketing of the ---km railway line, which will enable trains to run at a maximum speed of ---km/h. The three states will have --.-- share in the project and will individually provide EUR---,--- (USD---,---) in start-up capital. ...RB Rail will be responsible for the design, construction and marketing of the ---km railway line, which will enable trains to run at a maximum speed of ---km/h. The three states will have --.-- share in the project and will individually provide EUR---,--- (USD---,---) in start-up capital.

...Despite successfully orienting itself towards the West and diminishing its reliance on Russian energy, relations with Russia will remain a key source of political risk in Estonia due to its close economic integration and large ethnic Russian population, also affecting foreign investment and trade relations in the freight industry. Decreasing demand in exports due to a weak economy in the West and Estonia s main trade partners is having a negative effect on all freight modes. ...Despite successfully orienting itself towards the West and diminishing its reliance on Russian energy, relations with Russia will remain a key source of political risk in Estonia due to its close economic integration and large ethnic Russian population, also affecting foreign investment and trade relations in the freight industry. Decreasing demand in exports due to a weak economy in the West and Estonia s main trade partners is having a negative effect on all freight modes. Weak external demand is keeping exports low, having a negative effect on all freight modes ...

  
Source:
Document ID
1752-5799
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Estonia Freight Transport Report 2016" Oct 31, 2015. Alacra Store. Feb 28, 2017. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Estonia-Freight-Transport-Report-2016-2026-662>
  
APA:
Business Monitor International - Industry Reports. (2015). Estonia Freight Transport Report 2016 Oct 31, 2015. New York, NY: Alacra Store. Retrieved Feb 28, 2017 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Estonia-Freight-Transport-Report-2016-2026-662>
  
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