English
Obserwator Finansowy features views and analysis of economy in Poland and other countries, written by some of the best journalists, economists and analysts. Our mission is to share knowledge of economics and financial markets in the world.
Obserwator Finansowy is a project under aegis of the Poland’s central bank, Narodowy Bank Polski. We have published thousands of articles about the Polish and global economy. Our journalists have conducted hundreds of interviews with Nobel laureates, distinguished economists, business leaders and politicians with views across the political spectrum.
In this section you can find selected articles in English.

The 60th anniversary of OPEC: little to celebrate
Paweł KowalewskiThe 60th anniversary of OPEC was a good opportunity for reflection. The sad conclusion is that a dialogue between consumers and oil producers has been and is impossible. This is due to the pursuit of particular interests and...

Insurance will not solve the effects of climate change
Regina SkibińskaThe increasing occurrences of weather anomalies make it necessary to introduce solutions that will reduce the damage caused by extreme climate events, which are hitting agriculture particularly hard. Without them, it is only...

Listed companies are not ready for the Green Deal
Magdalena KrukowskaVery few Polish companies have implemented climate policies. The situation may change, however, once the new EU financial tools and reporting obligations are introduced. In spite of the pandemic, there have never been more...

Russian hydrogen energy waiting in the wings
Jo HarperThere are some who believe that the Nord Stream 2 pipeline won't be used for natural gas in the near future, instead becoming instrumental in the production of hydrogen. Russian and German companies have a plan to build a...

Banks are not playing too safe when granting credits
Marek PielachIn a sample of over 700 firms analyzed in July and August 2020, refusal to grant a loan was very rare and only affected few per cent of respondents. In particular, incidences of refusal to finance a good investment project...

Growth of eCommerce in Poland and new challenges
Karol Szafranek, Aneta BłażejowskaThe structure of the retail market in Poland has changed significantly in the wake of the changing preferences of customers. It has become markedly concentrated. The eCommerce market has thrived. The COVID-19 pandemic is set...

Ukraine dreams about flying
Michał KozakAfter years of limited interest, there has been a spike in foreign orders for freight transport services using the world’s largest cargo aircraft, Antonov An-225 Mriya. As a result, Ukraine has started seriously thinking...

The winners and losers of the coronavirus crisis
Obserwator FinansowyThe production of integrated circuits, software and pharmaceuticals is among the sectors whose financial market valuations are currently the highest. Meanwhile, the market valuations of banks, financial firms, and the energy...

Recalibration of Russia’s corporate landscape
Filip BrokešRussia’s major corporations have been reporting decimated profits due to the COVID-19. Companies in the natural resources sector, the cornerstone of the country’s economy, have gone through difficult times. On the other...

LNG is becoming increasingly important for Poland and Europe
Wojciech MroczekAcross the world there has been a significant increase in demand for liquefied natural gas (LNG). The infrastructure for LNG exports and imports is being expanded. The new possibilities for gas imports are particularly...