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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.

How will we fly after the pandemic?
Filip BrokešAll airlines are reporting slashing revenues as global air traffic comes nearly to a halt due to the pandemic. Now as many governments are beginning to slowly roll back the lockdown measures, airliners are preparing...

Offshore wind farms are necessary for the energy industry
Tomasz ŚwiderekThe International Energy Agency predicts that over the next 20 years their power generation capacity will have increased 15-fold or more. According to the Polish government, during this time the generation capacity of...

Innovative chats do not support innovation
Sebastian Stodolak“We have become a victim to the mania of talking about innovation and have neglected other important areas of the economy, i.e. people who make the world go round but who do not invent new products,” says professor Lee...

Renewables to be hit by the global lockdown
Jo HarperAccording to the Wood Mackenzie Energy Transition Practice, industry risk is weighted towards new project execution as Europe and North America are in the lockdown. The scope and scale of quarantines continues but the...

Poland’s gas company won USD1.5bn compensation claim from Gazprom
Jo HarperStockholm Arbitration Tribunal has issued a decision in favor of Polish oil and gas company PGNiG. The decision changes the method of pricing for Russian gas, attaching it to the prices for gas in Western Europe and is...

Poland’s painful shift from coal to gas
Jo HarperChanging the fuel source of a planned 1-GW power plant in Ostrołęka in northeast Poland, known as Ostrołęka C, from coal to natural gas may delay the project. Ostrołęka was said to be Poland’s last new coal-fired...

DB and Ukrainian Railways — a helping hand or a hostile takeover?
Michał KozakHaving control of the Ukrainian state railway company Ukrzaliznytsia means having control over the lion’s share of Ukrainian exports and transit of goods, as well as a huge market for companies producing for the railway...

Foreign companies in Central and Southeast Europe
Filip BrokešCountries in Central and Southeast Europe (CSE) show larger share of value added by foreign-controlled enterprises to their economies than their peers in western and southern Europe. They also have a higher share of foreign...

European automotive industry is on the turn
Tomasz Świderek2020 will be another difficult year for the European automotive industry. Not only because of the coronavirus but also concerns about whether customers will start buying electric cars from the beginning of 2020.

The geographical diversification of Poland’s foreign trade
Wojciech MroczekThe increase in the volume of Polish foreign trade is accompanied by growing disparities in the geographical structure of exports and imports. A significant part of Polish exports to EU countries is made up of products...