Belka nominated as candidate for EIB deputy president

Marek Belka, a former finance minister, who is presently the head of the Coordination Committee in Iraq, is Poland's candidate for the position of deputy president of the European Investment Bank (EIB). "Andrzej Raczko, Finance Minister, commenced consultations concerning this issue with Finance Ministers of other countries entering the EU," said Jacek Tomorowicz, the head of the Foreign Policy Department at the Finance Ministry. EIB deputy president Wolfgang Roth, commented that he was hoping that the candidate would be presented as soon as possible. "The post must be taken by May 1, 2004," added Roth. New EU entrants have the right to appoint one representative to EIB's management board. The candidate must be presented to the head of the bank and afterwards be accepted by the so-called council of governors. Roth said that Poland had to reach a compromise with Hungary and the Czech Republic, which also have a right to present their candidates for the post. If successful, Belka would have to resign from his current job in order to become deputy president of EIB. (Parkiet, p. 1) M.M. This Week in Warsaw Business Journal PEFCo bet on pension funds Feature: Business with post-Soviet states Cargo rail revamp plan Real estate: a call for a change Hyundai most wanted