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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.

Diminishing chances for the strengthening of the PLN
Bohdan WyżnikiewiczInternational investors treat emerging markets as one which often leads to the withdrawal of capital from these markets thus weakening the local currency.

IMF gives Kosovo economy thumbs up
Jo HarperThe Kosovo economy is showing signs of improvement, the IMF noted in its first review of the Stand-by Arrangement with the country.

The payments market is in for a revolution
Jacek RamotowskiA revolution will take place in the payments market in Europe, triggered by the Payment Services Directive 2 (PSD2) adopted in early October by the European Parliament.

ECB warns Poland over bank tax
Jo HarperECB and Moody’s are warning that Poland’s incoming bank tax threatens the profitability and credit ratings of the country’s lenders.

Confusion reigns as ratings downgraded
Jo HarperStandard & Poor’s surprise move on January 15th to cut Poland’s credit rating one notch from A- to BBB+ and assigning a negative outlook has hurt Polish pride, raised its borrowing costs and hit equities, bonds and...

The Warsaw Stock Exchange is fighting for scale and liquidity
Jacek RamotowskiThe Warsaw Stock Exchange is on a counteroffensive - focusing on developing a commodities and derivatives market through its subsidiary, the Polish Power Exchange (TGE).

Bulgaria starts IBEX and completes its energy market liberalization
Rumyana VakarelskaBy launching Independent Energy Exchange Bulgaria completes the last stage of its energy market liberalization, as required by the European Union.

To euro or not to euro?
Jo HarperIn a move that was not entirely a surprise, the new Finance Minister Paweł Szałamacha has said the government will not be pursuing euro adoption “in the foreseeable future”.

The uncertain future of banks in Eastern Europe
Jacek RamotowskiThanks to economic growth, the banking sector in Central and Southeastern Europe is seeing profits. This is helped by the fact that in some countries banks have already dealt with restructuring bad loans.

Companies on the Bucharest Stock Exchange with the highest dividend in the CEE
Katarzyna KozłowskaCE Financial Observer talks to Ludwik Sobolewski, the CEO of the Bucharest Stock Exchange, about capital market and economy of Romania.