Poland economy shows signs of investment boom in mid-market segment

The Polish mid-market segment, comprising small and medium enterprises, is beginning to show signs of an investment boom. Michał Bolesławski, president of ING BŚK, noted during a third-quarter results press conference that the real commercial economy is moving beyond demand driven solely by the government.

While public demand for large-scale projects, such as nuclear energy and a central airport, will continue to influence the investment cycle and credit demand, the growth is now spreading to the middle of the economy. This shift is expected to become more visible in the coming quarters, with the full effect on credit activity likely appearing next year rather than this year.

Despite this momentum, micro-enterprises—which represent 97.2 percent of all Polish companies—remain largely bypassed. Banks continue to show caution regarding the financing of this foundational segment of the economy.