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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.

Poland is still cheap for investors
Krzysztof BieńAccording to the data from Eurostat, in 2016 a working hour in Poland cost EUR8.6 on average. The EU average was nearly three times higher.

Romania’s sovereign wealth fund to include 27 solvent companies
Jo HarperRomania’s planned Sovereign Fund (FSDI) will include 27 companies, where the state is either full owner or holds minority stakes, including Nuclearelectrica, OMV Petrom, Oil Terminal and Telekom Romania Communication.

Mortgages not equally cheap across the EU
Łukasz CzernickiSharp interest rate cuts by the European Central Bank resulted in a substantial drop in the prices of mortgage loans in the euro area. However, their interest rates differ significantly across Eurozone countries.

Stable growth of Poland’s commercial real estate
Jo HarperPoland is the undisputed leader in the CEE region and, thanks to relatively low labor costs, the still high availability of land and competitive rental rates, so it is a good alternative to Western Europe’s markets.

State owned companies remain the most profitable in Croatia
Jan MuśSince 2007, Croatian FINA provides yearly reports on the top companies on the domestic market based on their income. This time it has presented analysis of the ten-years long program.

For the Baltic states the cheapest option will be to connect with Poland
Rafał ZasuńThe most cost-effective way to synchronize the energy systems of the Baltic states with the EU leads through Poland – these are the conclusions of the analysis carried out by the European Commission.

Energoprojekt – an unusual takeover
Milica MilojevićThe takeover of a construction company, Energoprojekt, may very well determine the overall state of Serbian financial market, already severely damaged by defaulting of several banks.

Polish company OZ Logistics in charge of Croatian Port of Rijeka
Vedran ObućinaThe Croatian Restructuring and Sale Centre sold almost 21 per cent of shares of the Port of Rijeka. They were bought by the Polish company OZ Logistic for EUR15m.

China invests in the Balkan’s heavy industry, but what are the consequences?
Vedran ObućinaThe Balkan peninsula is somewhat a terminal for the Chinese One Road, One Belt Initiative. This year, however, the Chinese presence in the Balkans becomes a worrying sign for the European Union.

Investors keep close eye on growing M&A market in the CSE
Jo HarperAccording to a report from Mergermarket and Wolf Theiss, 98 per cent of M&A dealmakers in the Central and southeast Europe (CSE) region said they will continue to invest.