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.

Economic traits of the Hungarian eastern opening policy
Vedran ObućinaThe Eastern Opening (Keleti Nyitás) is a major economic strategy of Hungary. Prime Minister Victor Orbán has an objective to reduce the dependency of the Hungarian economy on trade with the West through increased commerce...

Slovak economy loses pace
Filip BrokešIn December 2019, Slovakia posted lowest GDP growth increase since 2013. The central European country has been affected by decreasing foreign demand. With the global slowdown of the automotive sector, experts warn of...

The future of the EBRD in Russia and its neighbors
Sergei KuznetsovA resumption of lending in Russia by the European Bank for Reconstruction and Development (EBRD) remains a distant perspective, even after the restart of the Ukraine peace settlement. Nevertheless, the EBRD is facing a...

Poland needs to take care of the Ukrainian immigrants
Maciej JaszczukUkrainian citizens are an important potential for Poland. In order not to waste the opportunity Poland needs to ensure their integration, says Paweł Kaczmarczyk, PhD, Director of the Centre of Migration Research, Warsaw...

Global prosperity on the rise
Filip BrokešAccording to the Legatum Institute, prosperity continues to rise across the world. Out of the 167 countries whose prosperity the Institute measures, 148 have become more prosperous over the last 10 years.

Will Ukraine be able to restart its privatization drive?
Sergei KuznetsovDespite lofty rhetoric, the Ukrainian authorities have failed to secure any significant progress in the privatization of the country’s largest state-owned companies during the past five years. The new government promises a...

The new central bank digital currency
Milena KabzaDigitalization transforms many aspects of business activity, reduces the role of cash in financial intermediation, and promotes the emergence of new forms of money. This is a major challenge for the central banks.

The burdens of population aging and possible solutions
Jan CipiurAn elderly lady once said “we were promised a long life, but all we got is old age”. Progressing loss of independence and a sense of uselessness are a source of anguish for seniors and generate problems and costs for...

Changes of population in the EU countries through migration
Filip BrokešIn 2018, the 28 European Union member states issued a total sum of over 3 million residence permits to non-EU nationals. Poland was the most generous country in terms of the amount of permits, having issued over 600,000.

Serbia – stable growth is impossible without domestic investments
Vedran ObućinaSerbia lacks investment from domestic businesses, and fixed assets are insufficient to provide stable, long-term growth. Growth in gross fixed capital formation in the H1’19 was 8.2 per cent, which was the main demand...