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.

One-stop shop for development assistance
Marek PielachIn Poland usually there is a shortage of money, whereas we need projects to use the money that is already available, says the Deputy Prime Minister Mateusz Morawiecki about the “Start In Poland” program.

Rubber-stamps and digital fintech companies are difficult to reconcile
Mirosław CiesielskiIn Poland there is still a pervasive requirement to obtain official stamps on numerous documents associated with running a company. Such environment is limiting the expansion of Polish fintechs.

Convenience in banking may come at the cost of security
Jacek RamotowskiMarket competition, technological innovation, customer comfort and safety – these four headwords summarize the objectives of the EU Directive regulating payment services known as PSD 2.

Green Bond market breaks new ground in Europe
Jo HarperThe Green Bond market is developing rapidly, reaching the USD150bn barrier in 2016, with France and Finland officially becoming the first states to issue such bonds a milestone.

Ukraine and the IMF: rough friendship or preparations for divorce
Michał KozakThere is growing friction between the International Monetary Fund (IMF) and the Ukrainian government. The IMF wants the authorities to take meaningful steps to fight corruption in their ranks, and makes this a condition for...

Poland’s good years in the OECD
Krzysztof BieńIn 2014 the gross disposable income of households per capita in Poland amounted to USD18,000 according to the Central Statistical Office’s special report entitled "Poland in the OECD 1996 - 2016".

Ukraine to seek sale of nationalized PrivatBank in three-four years
Sergei Kuznetsov"It will take no less than three to four years for us to be able to talk about attracting investors to PrivatBank," said Kateryna Rozhkova, the Ukrainian central bank's deputy governor in an exclusive interview for the CE...

Several major central banks will soon have new heads
Milena KabzaOver the next three years the heads of six governors central banks around the world will be replaced. Their successors will have face difficult challenges.

Western advice for Ukraine often means higher prices and worse outcomes
Michał KozakWestern ideas for the modernization of the Ukrainian economy are encountering growing resistance in Ukraine. It turns out that some of them do more harm than good.

The ruling elites don’t believe in the Ukrainian banking system
Michał KozakUkrainian MPs are demanding the dismissal of the management and changes in the scope of responsibility of the central bank of Ukraine.