Energy transformation and technological revolution. This is how the Minister of Finance sees the future

Ashley Davis26/10/2025

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During the panel entitled “Talks about development challenges for Poland”, Minister of Finance and Economy Andrzej Domański pointed out that Poland is today the 20th largest economy in the world in terms of GDP per person. — We know perfectly well how we got to this place. These are, firstly, the bold reforms of the early 1990s that freed Polish entrepreneurship, and secondly, certainly, our membership in the European Union, he pointed out.

The minister was asked what should be the key action to increase the competitiveness of the Polish economy he pointed to the energy transformation and technological revolution.

— In both of these areas, we have a lot to catch up on and a lot to achieve. Energy prices in Poland are still significantly higher than the average in the European Union, not to mention the United States or Asian countries. In turn, the adaptation of IT solutions in Polish companies, not to mention AI, is at a significantly lower level than the EU average, Domański noted.

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He emphasized that, in his opinion, Poland is currently the largest energy transformation site in Europe. — We are strongly determined to invest in the energy transformation to finally bring energy prices significantly lower. Because for the Polish industry, for Polish new investments, the energy prices we currently have, although they are of course already falling on the market during our rule, are difficult to accept – he emphasized.

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— The second area is the technological revolution. We have a lot of catching up to do, but there is often such a thing as an advantage to starting late. In the early 1990s, the average computer computing power in Poland was higher than in the United States precisely because the process of purchasing new equipment began quickly in the early 1990s. Likewise, now we see an opportunity to take advantage of the fact that we are still below average, to catch up and quickly go above average and become one of the leaders – he added.

Needs and increased willingness to invest

The minister also drew attention to the need to encourage Poles to invest. — In Poland, we have to learn how to spend well and invest money well. Currently, after Cyprus and Malta, we have the largest share of household savings, which are kept only in cash or on deposits. Our government always defends cash and access to it, but we know that this money can work much longer for households and the economy, he noted.

— Interest rates in Poland have finally started to fall, so we can already see that lending to the corporate sector has started, the percentage of companies planning investments is rising, so we are of course optimistic in this area. At the same time, I realize that a lot still needs to be done to maintain the economic growth that we have achieved in the previous two years. and this dynamics was maintained or even increased in the following years – concluded Domański.