The purpose of this article is to present some aspects of the Polish economy in transition on the basis of a Polish Oil and Gas Joint Stock Company (Polskie Górnictwo Naftowe i Gazowe Spółka Akcyjna – the Polish abbreviation of the name is PGNiG SA). PGNiG SA is the largest company in Poland that deals with the exploration and production of natural gas and oil. It is one of the leading companies in the country’s fuel and gas industry and it is important for Poland's energy security and the growing Polish economy. The novelty of the paper is an attempt to characterize the Polish economy during the ongoing systemic and economic transformation and to indicate that its development is possible due to the positive financial condition and dynamic operation of large business units. The article puts forward the thesis that the driving force behind the development of the Polish economy and its crucial catalysts are the strong enterprises, which are of strategic importance for the Polish State and with a large share of the State Treasury, such as the PGNiG SA. To verify the thesis, the financial situation of PGNiG SA was analyzed using the preliminary and indicator analysis of the financial statements for 2014-2018 period as a method. Oil and gas price trends affecting the company's results and its investment projects were also presented. The financial situation and business activities of PGNiG SA have been assessed positively, so it was concluded that it is, and will be, a driving force of the Polish economy.
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