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.

No defenders of the weakening hryvnia
Michał KozakThe Ukrainian hryvnia is once again sliding. Since there are no new macroeconomic reasons for that, it is suspected that the unfavorable hryvnia trends are caused by speculation.

PLN1 trillion to change the economy’s direction
Marek PielachThe plan for Responsible Development provides for Polish drones, passenger ferries, trains and mining machines, but also investments in cyber-security and biotechnology.

Capital flows and growth in Central and Eastern Europe
Jo HarperSome of the fastest growing CEE economies have also seen large fluctuations in GDP growth with adverse consequences on unemployment and migration

Nord Stream 2 is a test of European solidarity
Jerzy RutkowskiThe announced construction of a new gas pipeline, the Nord Stream 2, raises questions about the economic and political power of Russia and Gazprom.

Baltic leaders meet to mull energy matters
Jo HarperBaltic energy companies are active against the backdrop of an ever-present regional threat.

Morawiecki plan calls for robust local government investment
Jakub Borowski, Krystian JaworskiThe key objective of the economic development plan presented by Deputy Prime Minister Mateusz Morawiecki is to boost Poland’s investment rate to 25 per cent of GDP.

Hundreds of foreign companies taken over by Polish firms over the last decade
Mariusz-Jan Radło, Dorota A. Ciesielska-MaciągowskaThe last decade has brought a dynamic increase in the number and value of investments carried out by Polish companies abroad.

Polish cities are depopulating
Bartosz TurekAccording to the forecasts of the Polish Central Statistical Office (GUS), by 2050 the population of Poland will decrease by about 4.5 million (to less than 34 million people). This outflow will affect the inhabitants of...

Serbian government kick starts plans to tackle NPLs
Jo HarperSerbian Prime Minister Aleksandar Vučić’s plans to kick-start economic growth after the country’s fourth recession since 2009

Brexit could drag CSE into downward ratings spiral
Jo HarperBrexit would damage the Central and Southeast European region’s sovereign ratings. That appears to be the consensus among analysts.