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.
Czech Republic is not preparing to join Eurozone
Jo HarperThe Czech Republic will no longer require a euro coordinator, as it is not preparing to join the Eurozone, said Finance Minister Andrej Babiš.
Green Bond market breaks new ground in Europe
Jo HarperThe Green Bond market is developing rapidly, reaching the USD150bn barrier in 2016, with France and Finland officially becoming the first states to issue such bonds a milestone.
European money and Russian MIGs
Jan MuśSerbia has come to the point in its stormy history, where it will have to choose between the European Union on the one hand and Russia on the other.
New law fundamentally alters Hungarian M&A environment
Jo HarperRules on mergers and acquisitions are being fundamentally altered in Hungary after recent amendments to the competition law passed by parliament in December - that is according to a press statement by Hegymegi-Barakonyi és...
The embargo has transformed the Russian food market
Jakub OlipraOver two years have passed since Russia introduced an embargo on Western food imports in retaliation for Western Sanctions. The embargo has permanently changed the production of food and consumers behavior in Russia.
Ukraine and the IMF: rough friendship or preparations for divorce
Michał KozakThere is growing friction between the International Monetary Fund (IMF) and the Ukrainian government. The IMF wants the authorities to take meaningful steps to fight corruption in their ranks, and makes this a condition for...
Inflation impact of global oil prices for CSE in Q1’2017
CEE Market WatchGlobal oil prices have been partly behind the disinflation trend in CEE since late 2014. Hungary, Poland and Romania are among countries with relatively strong inflation impact of rising fuel prices.
A new wave of Ukrainian migration to Poland
Grzegorz Dobroczek, Iza Chmielewska, Jan PuzynkiewiczThe Ukrainians residing in Poland work really hard, an average of 54 hours per week, and they transfer the majority of the earnings to the families in Ukraine. In 2015, they sent a total of EUR1.1bn.
Europe is slowly deleveraging
Witold GadomskiThe Stability and Growth Pact says the EU countries have to maintain a fiscal deficit no higher than 3 per cent of the GDP and reduce their public debt below 60 per cent of the GDP. All the countries have decreased the...
It’s difficult to find consent for macro-prudential regulation
Milena KabzaFollowing the financial crisis, macro-prudential regulation has become the third pillar of financial policy alongside micro-prudential regulation and monetary policy.