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Country data

Population:
38.1 million
Area:
313,900 sq km
Capital:
Warsaw
Currency:
Zloty

Key developments and challenges

  • Growth in Poland has slowed significantly in the past year. Constraints on public investment and weaker growth in the country’s main trading partners have set off a broader deterioration in business sentiment and have adversely impacted private capital formation.
  • The resulting adjustment in the 2013 fiscal deficit target resulted in a suspension of a fiscal rule. However, other limits on debt – which come into effect at 55 and 60 per cent of GDP – remain in place. The government’s announced reduction in contributions into private pension funds, and a return of approximately half of private pensions funds’ assets into the state pension system in September 2013, will relieve some fiscal pressures, while adversely impacting the local capital market agenda.
  • Privatisation volumes under the two-year programme up to the end of 2013 remain on track. However, large companies, including in the energy and mining sectors, have not yet been opened to full private ownership

Poland in the 2013 Transition Report

 

Workman

Our work in Poland

In Poland we are strengthening the financial sector, modernising infrastructure and promoting renewable energy.

Poland

Key facts about the EBRD's work in Poland

No. of projects

326

Net EBRD investment

€6.8 billion

Gross disbursements

€5.7 billion

Portfolio in private sector

85%

 

Last updated 31 December 2013

View factsheet


Our strategy in Poland

Important sectors of the Polish economy require further modernisation, evident in low energy efficiency and below EU-average private sector involvement. Further restructuring and privatisation in some industrial and infrastructure segments is also needed.

In this context the EBRD remains highly additional in a number of sectors, and its engagement has been focused on sectors with the highest transition value.

Read strategy

CONTACTS

53 Emilii Plater Street
Warsaw Financial Center
Suite 1300
00-113 Warsaw
Poland
Tel: +48 22 520 5700
Fax: +48 22 520 5800