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.
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...
Some countries halt coronavirus bailouts for companies using tax havens
Jo HarperFrance, Poland, and Denmark have proposed barring companies that are based in tax havens from receiving bailouts linked to financial problems caused by the coronavirus. However, according to the European Commission the bans...
Does state aid for airlines work?
Jo HarperAir carriers are requesting state aid from their national governments in order to be able to ride out the slump and the hunt for bailouts is now starting to pick up pace. IATA predicts airlines losses at USD314bn in 2020.
Eurozone locked in north-south divide
Filip BrokešSecond online meeting of Eurozone’s finance ministers ended in a stalemate. Although a plan for a COVID-19-related rescue package has already been proposed, a lack of unity among member states has prevented its...
Will the bond flood the Ukrainian economy?
Michał KozakEconomists in Ukraine warn that a “financial pyramid” based on government bonds posing a threat to the economy stands behind the positive macroeconomic indicators. Its adverse effects can already be felt.
Will the “Estonian tax” be introduced in Poland?
Jan CipiurThere’s been a lot of buzz about the so-called Estonian tax. The authorities even announced that it could be introduced for SMEs in Poland. This tax is not a novel idea, it's merely a slightly different version of a fiscal...
Tourism is the first to suffer
Jan CipiurThe case is simple. No traffic, no money. Sooner or later it will turn out how much money is missing, and then it is going to be even worse. Epidemics and pandemics have a very bad effect on humankind, and most of all on...
Polish economy braces as virus effect take hold
Jo HarperFitch expects Poland’s economic growth to ease to 1.8 per cent in 2020 from a previous forecast of 3.3 per cent. A V-shaped recovery should follow in 2021, however, with the economy expanding 3.2 per cent driven by...
Could Poland’s expansionary monetary and fiscal policies hit the PLN?
Jo HarperNew expansionary monetary and fiscal policies have been introduced in Poland to deal with the crisis due to the COVID-19, but with limited fiscal space a key question is how much the currency may depreciate.
Croatian central bank reacts against COVID-19
Jan MuśCroatian economy is especially prone to international shocks. Dramatic spread of coronavirus, followed by drastic fall in supply&demand chains badly affected Croatian economy, which did not even have enough time to...