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 budgetary costs of election promises
Witold GadomskiPoles have few days to decide which political power will be the ruling one for the next four years. What will be the financial impact of political parties proposals?

Ukraine should be forced to implement reforms
Michał KozakThe Ukrainian authorities are trying to create an image of a country of reforms and strong anti-corruption attitude. The well-known economist Arthur Laffer is going to help the government, because without reforms Ukraine...

Do we still need nuclear energy?
Grzegorz ŁyśIn the countries of CSE region subsequent projects on construction of nuclear power plants have been unsuccessful. The question of the economic sense of their development in Poland recurs, including the on-going election...

Banks heave a sigh of relief
Jo HarperSenate, the upper house of Polish parliament, voted to amend a bill on conversion of Swiss franc-denominated mortgages into zlotys so that costs are covered 50:50 by banks and mortgage holders. Banks gave a unanimous and...

Reforms in Belarus are underway despite the recession and the elections
Aleś AlachnovičIn Poland political parties are bidding which one of them can promise the most on the eve of the elections. Meanwhile, in the Belarusian presidential campaign Alexander Lukashenka is distancing himself from populism.

No more pies in the sky
Anna Patrycja CzepielPolish party leaders are forced by media to specify the costs of their election promises. A decade ago no one bothered. Polish democracy is maturing.

Road construction in the region: the Czechs leading the way
Cezary PytlosThe Czech Republic and Hungary are ahead of Poland in terms of advancement in highway construction, whereas expressways are being built at a similar pace.

New Dark Clouds Are Gathering Over Polish Banks
Jacek RamotowskiThe effects of interest rates decrease, the reduction of interchange fees and other regulatory changes have already had a negative impact on the financial results of Polish banks.

Russia: poverty rate jumps
Martyna KośkaAccording to official statistics, number of Russian poor people has reached 22 million. The percentage of Russians living below the poverty line is 15.9 per cent in Q1’2015.

Winds of change in Warsaw
Remi AdekoyaIt seems that Poland will change its government after parliamentary elections on October 25. Ruling Civic Platform may lose to Law and Justice, but it’s unlikely it will significantly change the Polish economy.