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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.

Agriculture can be freed from KRUS
Witold GadomskiThe preferential system of social insurance for farmers is a deviation from the rule of uniform treatment of all citizens and a thorn in the flesh of reformers of public economy and finance. At the same time, it is a bastion...

What would happen if LOT went bankrupt?
Jacek KrzemińskiLOT, the Polish national air carrier, wishes to apply for a considerable public aid amounting to PLN 400 million (about EUR 98 million), but needs as much as PLN 1 billion. Meanwhile, the prospect of the company's...

FIAT’s decision presages the end of an era of easy successes
Ignacy MorawskiThe Italian Fiat decided to close one of its manufacturing plants in Tychy, Poland. In 2013, Fiat's output in Poland will drop from 650 thousand two years ago to as little as 300 thousand cars. The problems of the Polish...

Billions for investment projects which are difficult to launch or finalize
Witold GadomskiCelowa Spółka Inwestycyjna (CSI), a special purpose company, is a provisional name of the company which is being created for the implementation of the government’s Polish Investments programme. Together with Bank...

Hungary beats Poland in terms of foreign investments
Małgorzata GrzegorczykEven if the investment wonder of Budapest is only an aberration in statistics, Poland could learn a lot from its fellow state. Hungary has developed a number of solutions that encourage enterprises to invest capital in the...

PLN 100 million for local governments from shale gas extraction
Jan Bazyl LipszycNot only the state and extraction companies count on shale gas. Also gminas where drilling started count on higher revenues of local budgets. At the current level of extraction of 4.4 billion cubic metres of gas, gminas gain...

Local governments prepare real estate tax reform
Jacek KrzemińskiLocal governments have abandoned their dreams of the cadastral tax for now, but they are still after higher revenues from land and buildings.They came up with geographical tax progression in order to save the budgets of...

Contractor vs investor – these barriers can be overcome
Konrad MajszykIn fear of corruption investors created barriers, which unintentionally contributed to a series of bankruptcies of construction companies. It will be difficult to relax the straightjacket of regulations without triggering...

The great demolition of the gas monopoly is taking off
Maciej SzczepaniukThe European Commission has opened a probe into Gazprom – on suspicion that the Russian energy giant manipulates the prices of fuel and restricts competition. Over the recent months the allegations of monopolist...