Shareholders elect Kulczyk as new PRB President

The XII general shareholders meeting of the Polish Business Roundtable (PRB) summed up its operations over the past 12 months and also elected a new management board. Zbigniew Niemczycki, who had to step down after two successive terms in office, was replaced Jan Kulczyk who is Poland's richest businessman. Jerzy Starak, Jan Wejchert, Maciej Raczkiewicz, Hubert Janiszewski, Janusz Palikot as well as Zbigniew Niemczycki took the positions of Deputy Presidents. PRB officially expressed deep concern about the condition of the state budget and the whole public sector and opted to lower expenses and employ public finance reform as of Jan 1, 2004. It also supported the idea of a flat tax rate. PRB is a prestigious club of leading entrepreneurs and one of the most influential employers' organizations. (Puls Biznesu, p.3) M.K.