In 2025, the European Bank for Reconstruction and Development (EBRD) invested €1.35 billion in Poland across 44 projects, maintaining strong support for the country’s energy security, business growth, and the competitiveness of its private sector. This made Poland the EBRD’s third-largest investment market for the year, reflecting both the scale of the Bank’s engagement and the strong demand for its financing.
Andreea Moraru, EBRD Head of Poland and the Baltic States, said the Bank was pleased to support its clients with both capital and technical expertise. She noted that this assistance helped businesses expand, strengthened economic resilience, and contributed to Poland’s energy security. She also highlighted that the high level of investment reflects Poland’s strategic importance and the sustained demand for long-term, flexible financing, particularly since the start of Russia’s full-scale war on Ukraine.
Despite evolving macroeconomic and geopolitical challenges, the EBRD continued to help clients improve efficiency, become greener, and build resilience. In 2025, 74 per cent of the Bank’s total investment in Poland supported the transition to green energy. This included projects to expand renewable energy generation and storage, as well as initiatives promoting energy and resource efficiency. These measures are expected to enhance the competitiveness of Polish businesses while supporting the country’s shift toward a low-carbon and energy-secure economy.
Among the year’s highlights was a PLN 300 million (€70 million) sustainability-linked loan to fibre operator Światłowód Inwestycje, which will help extend fibre optic connections to 700,000 new households. The Bank also supported the debut local-currency sustainability-linked bond issuance by the Żabka Group, with an investment of PLN 140 million. The EBRD remained an active player in Poland’s capital and financial markets, investing €257 million in equity commitments to Polish companies and funds. This represented a 26 per cent increase compared with 2024 and included investments in innovative firms such as the robotics company Unilogo, insurtech leader Trasti, and the venture capital fund Movens Fund 2. These investments helped innovative companies scale operations, professionalise, and attract private capital in challenging market conditions.
The Bank also continued to support commercial banks with financing across various instruments. Additionally, it provided an €80 million unfunded portfolio risk-sharing guarantee to BNP Paribas under the InvestEU framework. This guarantee unlocked €100 million in new financing for residential green investments, renewable energy projects, and sustainable transport initiatives. Since it began operating in Poland in 1991, the EBRD has invested more than €16.6 billion in the country, with 92 per cent of this funding directed toward private sector companies, cementing its role as a major institutional investor in Poland.
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