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.
What next for Nord Stream 2?
Jo HarperThe recent political events forced the German Chancellor Angela Merkel to face increased political pressure within Germany and within her own Christian Democratic Union (CDU) ruling party — to end her support for the Nord...
The IMF is fighting the crisis caused by COVID-19
Adrian PrzerywaczAs an institution established to support the stability of the world economy, the International Monetary Fund (IMF) is exhibiting a strong commitment to combatting the economic and social consequences of the coronavirus...
The pandemic did not affect the profits of the Ukrainian banks
Michał KozakIn spite of the pandemic, the commercial banks operating in Ukraine have achieved sound profits. However, according to the Ukrainian central bank NBU, this may soon change because the conditions for the functioning of the...
Europe points finger at “high-risk countries”
Filip BrokešThe European Commission composed a list of high-risk third countries which have “strategic deficiencies in their AML regimes”. Entities connected to these countries will have to go through an increased scrutiny before...
Can Europe survive without foreign workers?
Vedran ObućinaThe coronavirus shock in the first phase of the crisis caused various types of imbalances in the markets of goods, services, property and labor. Unravelling these imbalances requires time to adjust but some countries don’t...
The coronavirus pandemic as a test for start-ups
Mirosław CiesielskiAfter 2019, which was almost record-breaking in terms of the value of VC investments, start-ups have hit a wall due to the lockdown and difficulties in raising capital. However, some of them are actually benefiting from the...
The wealthier the country, the more debt it will incur
Obserwator FinansowyGlobal public debt will increase this year from 83.3 per cent to 96.4 per cent of the GDP as a result of the coronavirus pandemic. The increase in debt levels will be the strongest in the most developed countries, which are...
A quantitative easing policy tailored to the local needs
Maciej JaszczukThe EU is looking for ways to respond to the crisis caused by the pandemic, but the Eurozone is still far from becoming a fiscal union. In crisis Poland should be happy to be outside the Eurozone and to have independent...
Trade with the EU peripheries. Call for reconstruction.
Jan MuśThe relations between the EU and the Western Balkans have been based on wrong assumptions that the liberalization of trade between the two blocks will solve the problems of the latter. The scenario, which was so successful...
Central bankers: economic recovery will take years
Marek PielachMarch and April 2020 will go in history as months with historically weak economic indicators. The representatives of the Fed and the ECB believe that the worst is behind us, but they are concerned that we may not return to...