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 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.
Interest Rate Cuts or Topping Up Punch
A long standing Fed President, William McChesney Martin, kept saying that the central bank is like a good chaperone at a party: one that cares that the guests always have enough punch in their glasses. When the atmosphere...
FOR: Better cut spending than raise taxes
The reason for problems in overcoming the crisis is not the austerity policy - says the report on “Economic Growth in the European Union” prepared by Forum Obywatelskiego Rozwoju (FOR - Civil Development Forum), a Polish...
Central Europe’s “Good “ countries lose ground while the “Bad” catch up
Until recently Poland, the Czech Republic and Slovakia were seen as the countries with the best governing standards, the most solid banking systems, the most open to foreign investors and with generally predictable politics....
The best time for Poland after 500 years
In his report, World Bank analyst Marcin Piątkowski predicts Poland’s new golden age. Relative to Western European countries, Poland’s GDP is the highest in 500 years. In 10 years, Warsaw is expected to be a better...