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 growth depends on knowledge and creativity
Izabela D. TymoczkoDevelopment depends on the economy's saturation with entrepreneurs who are motivated by the desire to creative new things, and not just to make a living for themselves. That is why the expansion of start-ups is so important.
Hard Brexit is fast approaching
Witold GadomskiHard Brexit could lead to food, fuel and medicine shortages in the United Kingdom, as well as create a hard border between Northern Ireland and the Republic of Ireland. This doesn't bode well for the European Union either.
Challenges of the new VAT regulations in Bosnia and Herzegovina
Vedran ObućinaBosnia and Herzegovina changes its 13 years old VAT regulations. Due to the complex political system of BiH, all the important regulations had to be discussed in parliaments of both entities: the parliament of the Federation...
Growing support for participatory budgets in Ukraine
Michał KozakThe possibility of financing local projects within the framework of participatory budgets, which was introduced in Ukraine several years ago, is becoming increasingly popular.
Dark clouds are gathering over the global economy
Obserwator FinansowyDuring this year European Financial Congress in Sopot optimistic assessments concerning the current condition of the global economy mixed with pessimism regarding its future.
Nineteen years of the floating PLN
Witold GadomskiSince 1990, Poland has adopted almost all possible exchange rate regimes, starting with a fixed rate, through a crawling peg, and finally a free floating rate.
Demographic crisis in Russia
Adam GwiazdaDespite an increase in the fertility rate between 2005 and 2018, the demographic crisis in Russia has not been brought to a halt. The main causes of the crisis are the high mortality and poor health of its inhabitants.
Seeking higher inflation
Sebastian StodolakThe economy needs inflation. Striving for optimal inflation means striving for economic growth. The ECB is struggling to meet its inflation target and there is nothing more to resort to if the recession finally comes, says...
Ukraine follows in Estonia’s footsteps
Michał KozakCompanies operating in Ukraine will soon be paying a tax on dividends instead of the corporate income tax. This is the result of the many years of efforts of small and medium-sized companies to change the tax system.
In Poland imbalances are among the smallest in Europe
Patrycja BeniakIn the shadow of the Brexit saga, the European Commission presented reports on the procedure for coordinating economic policy in EU countries. In seven of them, the scale of the reduction of imbalances is unsatisfactory.