Articles in 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.
A quantitative easing policy tailored to the local needs
The EU is looking for ways to respond to the crisis caused by the pandemic, but the Eurozone is still far from becoming a fiscal union. In crisis Poland should be happy to be outside the Eurozone and to have independent...
Trade with the EU peripheries. Call for reconstruction.
The relations between the EU and the Western Balkans have been based on wrong assumptions that the liberalization of trade between the two blocks will solve the problems of the latter. The scenario, which was so successful...
Central bankers: economic recovery will take years
March and April 2020 will go in history as months with historically weak economic indicators. The representatives of the Fed and the ECB believe that the worst is behind us, but they are concerned that we may not return to...
Slovenia faces crisis with CA surplus
In a published quarterly report on the current account Slovenia’s central bank provides some apparently optimistic numbers. And so between January and April 2020, Slovenia’s current account surplus amounted to EUR1.1bn,...
German EU presidency
In the second half of 2020, Germany holds the presidency of the Council of the European Union. Many Europeans believe Berlin will be successful in managing the forthcoming economic crisis, while others see hegemonic power in...
Quantitative Easing — not as bad as it’s made out to be
The program of asset purchases by Poland’s central bank is generating some controversy. However, many of these concerns seem to be unwarranted, especially in light of the experience of other countries, which have used...
A new Marshall Plan for Europe
The European Commission (EC) is expecting a considerable decline in GDP in the Eurozone and in the European Union (EU). Ursula von der Leyen’s proposal of the new EU has already been described as a new “Marshall Plan”.
Hungary’s response to the COVID-19 pandemic
The first two cases of patients with COVID-19 in Hungary were revealed on March 4th, 2020. This was the moment when institutional measures were launched in order to stop the spread of the SARS-CoV-2 on the one hand, and, on...
What is China doing in Belarus?
Belarus became an important country for the European Union, and most of all, for Germany and France. It has always been important for Russia. In recent years, however, the group of countries interested in Belarus was joined...
Effects of the lockdown on economies of Western Balkans
The World Bank has warned that the COVID-19 pandemic will have "severe consequences" for the economies of the Western Balkans and that recovery will depend on measures taken by the authorities.