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.
The European Union: are we headed for federation or fragmentation?
Bogdan GóralczykThe cohesion of the European Union is constantly called into question. Its consolidation is not a foregone conclusion. The longer the crisis lasts the more probable a drift towards division.
Poland’s Eurozone Tests
Marek BelkaThe European Union’s new member states from Central and Eastern Europe are required to join the eurozone as part of their accession agreements. But deciding when to adopt the euro is a matter of heated debate. It is not...
Prosperity is difficult without national champions
Aleksander PińskiAccording to a recent OECD report entitled “Entrepreneurship at a Glance 2013,” prosperity is difficult without massive, globally competitive companies. The statement is another pebble in Jan Krzysztof Bielecki’s rock...
For higher-priced exports Poland needs an industrial policy
Marek PielachWe 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
Witold GadomskiFour 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
Marek PielachPoland 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
Jan CipiurRarely 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
Sebastian StodolakIt 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
Marek PielachThe 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
Zsolt ZsebesiThe 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,...