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.
For higher-priced exports Poland needs an industrial policy
We specialize in cheaper and lower quality products than Germany because that is our role in the supply chain of multinational corporations. As a result, our exports did not collapse during the crisis in Europe, however the...
Poland’s economy become systemically important
Four new countries, among them Poland, will be audited as part of the IMF’s Financial Sector Assessment Program (FSAP). The program assesses financial systems in countries where a crisis would have a significant impact on...
We are advancing in the rankings but that doesn’t mean much
Poland was ranked 50th in terms of economic freedom, up by 7 places, in a poll carried out by the Heritage Foundation and Wall Street Journal (WSJ). According to experts, until the country makes a spectacular leap forward...
The treacherous charm of a state that likes to prove itself in business
Rarely do new ideas appear among concepts of how to return to speedy growth following economic crisis. Ideas that have already been tested garner the most references. A renewed hope is found in the notion that if the economy...
A single law can free the economy. Not for long, though
It will be 25 years on 23 December since the Act on Economic Activity, popularly called Wilczek’s bill, was passed. It introduced into the stubborn reality the rule that what is not prohibited is permitted. State...
Despite changes to open pension funds, savings must continue
The reform of the pension system will only decrease the cost of debt servicing and the cost of refunding contributions – a total of PLN 9 billion. The government will not spend any more, as it pursues fiscal consolidation...
Orbán wins in the economy and politics
The results of spring elections seem to be sealed. The Hungarians may be getting ready for the next four years of the rule by Viktor Orbán and his System of National Cooperation. The Prime Minister’s support is growing,...
Recovering economy needs stable interest rates
There is no reason to believe that within the next six months, and probably even more, something will significantly change the course of economic events specified in the November "Inflation Report" of NBP. Therefore, the...
Why are Poles poor despite working hard?
According to data published by Eurostat and the European Commission Poles are raising labour efficiency while the wage share in Poland’s GDP is among the lowest in the EU and continues to deteriorate. Yet, employers are...
Ukraine has to make a choice
There are many signs that the fate of Ukraine standing at the European crossroads is going to be resolved soon. And the choice is not just an economic profit and loss account of integration with the EU or Russia.