The European Investment Bank (EIB) Group returned Piotr Michałowski to Warsaw as Poland prepares major infrastructure projects, including its first nuclear power plant, while the European Union negotiates and implements its new multiannual budget.
The Group announced the appointment Nov. 6 and said Michałowski had taken up the post on Sept. 1. He previously represented the EIB Group in Poland from 2015 to 2021 and has worked with it since 2008. Before returning, he worked in Luxembourg on equity funding for innovative projects and financing for higher-risk growth companies.
His portfolio covers cohesion, resilient infrastructure, the energy transition and security projects, the EIB said. The Group also identified innovation financing as a wider priority. EIB Vice President Marko Primorac, who is responsible for Poland, called it “one of the largest beneficiaries of EIB Group financing.”
The Group puts its total investment in Poland above €110 billion and says new financing deals have averaged more than €5 billion each year in recent years. It did not specify the period covered by that average. The Group also says it allocated €2 billion to Polish offshore wind farms in 2025.
In July, the EIB signed more than €260 million (PLN 1.12 billion) in financing for TAURON’s 190-megawatt Miejska Górka wind farm. Separately, the European Investment Fund (EIF), part of the EIB Group, and Poland’s Bank Gospodarstwa Krajowego launched Future Tech Poland, a €350 million fund of funds. BGK is contributing €235 million and the EIF at least €115 million. The fund is intended to back investment funds focused on high-growth technology companies.
Eurostat data show Poland accounted for 4.9% of EU gross domestic product in 2025. Michałowski said major projects would draw on EU grants and guarantees, EIB loans, Polish national funds and private capital. The EIB said its advisory team could help prepare projects as Poland develops its plans and the EU budget process continues.
