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.

Belarusian conflict with Russia isn’t only about gas but also about the common market
Jakub BiernatBelarus has been recently involved in an energy war with Russia. This conflict is not only about the prices, it’s also about equal treatment in the common market of the Eurasian Economic Community.

Hungary, Bulgaria and Romania shine on CRE market in CSE
Jo HarperBulgarian, Romanian and Hungarian real estate markets will attract the interest of opportunistic investors as they offer high levels of profitability and growth potential.

A shaky year on Poland’s mergers and acquisitions market
Tomasz ŚwiderekIn 2016 the situation on the global mergers and acquisitions (M&A) market was not as bad as many had feared when the year was just starting. In Poland the last quarter of 2016 brought a significant increase in the value...

Ukraine is having problems with privatization
Michał KozakUkraine will probably once again fail to carry out the privatization plans planned in the 2016 budget. Instead of the USD631.1m the revenues from privatization are over 200 times smaller.

M&A deals in Central and Southeast Europe up 62 per cent in 2016
Jo HarperM&A deals in Central-Eastern Europe peaked in value in 2016 at EUR86.7bn, the highest level since 2013, according to the “Emerging Europe M&A report 2016/2017” by CMS in cooperation with EMIS.

Hungary has started the year with lower taxes and less debt
Michał KowalczykThe beginning of the year brings changes that will provide relief to the Hungarians after several years of belt-tightening.

Investors mull EUR1bn biorefinery in Estonia
Jo HarperDomestic sector investors are considering building a biorefinery in Estonia with a EUR1bn investment. If it goes ahead it would be the largest ever industry investment in Estonia.

The Chinese are coming to Poland
Bogdan GóralczykThe old Keynesian principle states: if you want to kick-start the economy, you should focus on investment. The Chinese have been putting this into practice for three decades.

Polish government plans to revive Norway gas link
Jo HarperPoland’s government has announced plans to revive the project to build a gas link to Norway, reportedly making a final investment decision on the planned construction of a gas connection to the Norwegian shelf in 2018, a...

New law fundamentally alters Hungarian M&A environment
Jo HarperRules on mergers and acquisitions are being fundamentally altered in Hungary after recent amendments to the competition law passed by parliament in December - that is according to a press statement by Hegymegi-Barakonyi és...