The EBRD in Poland

Overview
In depth
Data
News
Contacts

Blooming raps flowers and wind turbine, Poland

The EBRD has been investing in Poland since 1991

In Poland, we focus on promoting the low-carbon transition, enhancing the private sector’s role in the economy and assisting in the development of a sustainable financial sector and capital markets.

EBRD President visits Poland amid the war on Ukraine

565

Number of projects to date

€15,991m

Cumulative EBRD investment

€14,493m

Cumulative disbursements

95%

Private sector share of portfolio

183

Number of active portfolio operations

€5,648m

Current portfolio of projects

€4,329m

Operating assets

17%

Equity share of portfolio

28 March 1991

Joined the EBRD

435,810

Capital subscription (€000)

EBRD Governor: Andrzej Domański
EBRD Alternate Governor: Paweł Karbownik
EBRD Board Director: Piotr Szpunar
EBRD Board Alternate Director, Bulgaria: Karina Karaivanova

EBRD Shareholders information

Focus areas

Accelerating Poland’s green transition

To accelerate Poland’s green transition, the Bank will continue to support the scaling up of renewable energy projects.

With fossil fuels dominating Poland’s total energy supply, large-scale investment is needed to expand renewable energy capacity and strengthen the grid to meet the country’s goal of having 50 per cent of its electricity produced from renewable energy sources by 2030.

In addition, investments in energy efficiency – particularly in residential buildings and district heating networks – are needed to decarbonise the economy and support Poland in its aim to achieve carbon neutrality by 2050.

Supporting the competitiveness of Polish companies through innovation, digitalisation and good governance

To foster corporate competitiveness, the Bank will support innovative and highly competitive firms in Poland that want to develop domestically and expand abroad. This work is key to boosting Poland’s stagnant manufacturing productivity and achieving its economic growth potential.

The EBRD will place a particular emphasis on equity investments in Polish companies, whenever feasible, and support clients with technical assistance to build stronger corporate and climate governance practices.

Strengthening resilience and economic integration

The Bank will continue to focus on strengthening the Polish economy's resilience to external shocks in three areas: energy security, capital markets and regional integration.

It will consider investing in the expansion of electricity transmission and distribution grids to increase the absorption of more renewable energy production. It will also support the scaling up of finance through capital-market mechanisms, because shallow local capital markets, credit tightening and a shift in market sentiment about the region continue to constrain private firms’ access to loans and capital.

In addition to being an economy where EBRD invests, Poland is also an EBRD donor, having contributed €2.5 million in donor funds to support the Bank’s focus areas in the country.

The EBRD adopted its latest country strategy for Poland on 17 July 2024.

3.3%

EBRD forecast for Poland’s Real GDP Growth in 2025

3.2%

EBRD forecast for Poland's Real GDP Growth in 2026

The negative impact of the increased US import tariffs on Poland will be mostly indirect, especially through Germany and supply linkages in the automotive sector. Poland’s direct trade exposure to the US is small and domestic demand is robust. Slowing inflation and rising real household incomes are expected to sustain private consumption. Accelerated investments, co-financed by EU funds, particularly in infrastructure and energy, are forecast to boost Poland's GDP growth in the short term. Higher private investment is expected in 2026 while the outlook for exports is highly uncertain. Increased spending in the defence sector is expected to continue contributing to GDP growth.

Falling commodity prices, including crude oil, along with the anticipated increase in the supply of Chinese products in EU markets, are expected to accelerate the return of inflation to the central bank’s target. This creates room for a reduction in the main policy rate, which should stimulate corporate lending and investment. It may also ease the appreciation of the zloty, whose high value could somewhat reduce the competitiveness of Polish exports. Overall, the economy is expected to grow by 3.3 per cent in 2025 and 3.2 per cent in 2026.

Poland strategy and snapshot

Poland private-sector diagnostic

PDF format / 1.98 MB

Download

Poland strategy

PDF format / 1.68 MB

Download

Local language translation

PDF format / 1.76 MB

Download

Poland diagnostic paper

PDF format / 1.16 MB

Download

Report on public comments

PDF format / 0.16 MB

Download

Contact the EBRD in Poland

Head of Office: Andreea Moraru

Address:

EBRD Warsaw Resident Office, 53 Emilii Plater Street, Warsaw Financial Center, Suite 1300, 00-113 Warsaw, Poland

Telephone:

+48 22 520 5700

Our story

How we invest in changing lives

What we offer for businesses

Search

The EBRD in Poland

EBRD President visits Poland amid the war on Ukraine

Focus areas

Accelerating Poland’s green transition

Supporting the competitiveness of Polish companies through innovation, digitalisation and good governance

Strengthening resilience and economic integration

Poland strategy and snapshot

Contact the EBRD in Poland

The EBRD in Poland

EBRD President visits Poland amid the war on Ukraine

Focus areas

Accelerating Poland’s green transition

Supporting the competitiveness of Polish companies through innovation, digitalisation and good governance

Strengthening resilience and economic integration

EBRD reduces stake in BNP Paribas Bank Polska to 2.9 per cent

EBRD supports expansion of leading Polish fibre operator

EBRD invests €10 million in venture capital fund Movens Fund 2

Donor Partnerships

Project financing enquiries

Media enquiries

Our products and services

Where we invest

Our sectors