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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.

Hungary and Slovakia sign declaration of intent on Eastring gas pipeline
Jo HarperHungary and Slovakia have signed a declaration of intent on the construction of the Eastring gas pipeline, a transmission route between hubs in Western Europe and the Balkan and Turkey.

Germany is fed up with sanctions against Russia
Andrzej GodlewskiBefore the general elections in Germany, representatives of all the major political parties declared that improving relationships with Russia was important for them. The majority supported at least a partial lifting of...

Central and Southeast Europe’s M&A value up in 2017
Jo HarperPoland was the third spot in the CSE region with USD774m, despite topping the volume rankings with 551 deals, in the Q3’17, according to a report by Zephyr. The first was Russia with 354 and the second was Czech Republic...

Doing the groundwork
Jan DaraszBaltic Pipe inches forward with the agreement for the preparatory work signed on August 2017. The contract to undertake the analyses, research and initial design work was signed by the Polish Gaz- System and Danish engineers...

Over half of investment in start-ups falls to Poland and Hungary
Tomasz ŚwiderekInvestments of Private Equity and Venture Capital funds in Central and Eastern Europe in 2016 have reached the highest level since 2009, amounting to EUR1,596m. Poland accounted for as much as 45 per cent of this amount.

Bucharest office market matured so other Romanian cities gain ground
Jo HarperThe office market in the main cities – Cluj-Napoca, Timisoara, Iasi and Brasov – reached about 700,000 sqm in mid 2017, or 73 per cent less than in Bucharest, according to recent data from Cushman & Wakefield Echinox...

Serbia wants to diversify its gas supplies
Vedran ObućinaSerbia might be close to solving its gas demands. Greek government offered its Serbian counterpart cooperation in building and ownership of future liquid natural gas terminal (LNG) in the Greek port of Alexandroupoli.

A Race Against Time?
Jan DaraszPoland continues its progress to diversify its gas sources with Baltic Pipe and new construction at the LNG port of Świnoujście. But the pressure of time hangs over both projects as renegotiation with Gazprom looms closer.

Analysts downplay Chinese plans to build Poland’s first nuclear power plant
Jo HarperChina General Nuclear Power Group (CGN) wants to build Poland's first nuclear power plant but many believe this could be another journey down a dead end.

Bubbles in housing markets expand
Bartosz TurekFor some investors real estate - even if it is impossible to earn on rental or on an increased value - will at least allow maintaining the value of the assets held. So in several countries prices of houses and dwellings have...