Former prime minister Pawlak to head Warsaw Commodity Exchange

Former Prime Minister Waldemar Pawlak has described as quite a challenge his appointment as the new president of the Warsaw Commodity Exchange (WGT), considering the company's dire financial straits. The WGT is on the brink of losing its financial liquidity, and although it has been granted a zł.1 million loan by its co-owners, it must manage the money carefully. The former prime minister said that his chief duties would be to regain the confidence of shareholders, cut the WGT's operating costs, and seek partners to build a widely-conceived commodity market. Increasing the company's operating capital is another matter that is expected to come under the new management's consideration. (Puls Biznesu, p.7, Prawo i Gospodarka, pp.1,12) M.K.