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.

Poland could join the G20 sooner than we think
Dariusz RostkowskiIf Poland continues catching up with Western Europe at a similar pace as now it could enter the group of the 20 most affluent countries in the world, the G20, before 2030 – says Piotr Arak, the Director of the Polish...

The Eurozone needs public investment
Maciej JaszczukInvestment in the Eurozone is still lower than it was before the 2008 crisis. Boosting public investment is a key condition that has to be fulfilled to stimulate activity in the private sector.

Threats to the stability of the global economy
Witold GadomskiThe latest reports of international institutions, investment banks and rating agencies include warnings about a possible global recession and financial crisis. However, the field of economics doesn't have a methodology that...

How highways contribute to economic growth
Jan CipiurEveryone who drives a car is able to enjoy great roads, but this pleasure comes at a certain cost. There are measures confirming that road construction costs are lower than the benefits, while investments in motorways...

Unified Balkan market — the future for Western Balkans
Vedran ObućinaSerbia began its first moves towards the economic unification of the Balkan countries. The idea of an economic "new business deal for the Balkans" not only exists, but it is also presented in the important places in Europe.

Poland’s uninterrupted economic growth
Dariusz RostkowskiIn the 15 years since the accession to the European Union Poland has modernized its economy and has made great progress in the comprehensive modernization of the country, including a reconstruction of the transport...

Russia continues to play key role in Lithuanian exports
Jo HarperLast year, 14 per cent of Lithuania's exports went to Russia, the largest share among the country's other importers. Latvia is Lithuania's second biggest trade partner, followed by Poland and Germany.

Ukrainians transformed Polish labor market and boosted GDP
Marek PielachThe influx of workers from Ukraine boosts Poland's GDP by 0.3-0.9 percentage point per year, but this positive impulse won't step up anymore, predicts Jakub Growiec, an economic adviser at Poland’s central bank, NBP.

Croatia is industrially poor compared to other CSE countries
Vedran ObućinaCroatia slowly begins to understand that relying on a single sector, such as tourism, is not the best formula for a sustainable development. The share of industry exports in total Croatian exports is among the lowest within...

National Bank of Slovakia keeps tight reins on loan market
Jo HarperThe central bank of Slovakia, NBS continues to regulate the loan market in order to stop the rising indebtedness of Slovaks. While the first measures were introduced last year, the new ones were put in place in July.