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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.

Moldova on a minefield
Judyta SierakowskaThe Republic of Moldova - a Wild West in crisis. The IMF suspended talks on a new loan programme in June, then the World Bank blocked its loan. To make things worse, in July the European Union froze approx. EUR 50 million...

A New Growth Model for Central and Eastern Europe
Marcin PiątkowskiAlthough Poland and the other CEE countries have coped well with the current crisis, the pace of convergence is gradually slowing. The remedy can be found in “The Warsaw Consensus”- a complex growth model for the region,...

Poland fails to improve its investment incentives
Małgorzata GrzegorczykThe Polish government is not the most lavish one as far as attracting FDI is concerned. According to the latest report by the Polish Foreign Investment Agency, Poland has less incentives than Bulgaria and the Czech Republic...

Warsaw Stock Exchange doesn’t need to share the fate of a small local shop competing with the supermarket
Jacek RamotowskiThe Warsaw Stock Exchange has to confront the challenge, skilfully attracting issuers from our region and enlisting participants among growing family-owned private companies - says Konrad Konarski, a partner in...

Start-ups from the Eastern countries are the opportunity for Polish VC funds
Magdalena OlczakAs public money flows into venture capital funds in Poland, the supply of available financing is larger than the pool of projects fit for investment. One solution to this problem would be to engage start-ups from Eastern...

Step by step Ukraine bids farewell to its sea country status
Michał KozakAs a result of the Russian occupation of Crimea, Ukraine lost four cargo sea ports: in Sevastopol, Yevpatoria, Theodosia and Kerch. And it will soon lose the possibility to use ports on the Sea of Azov.

It is better not to buy foreign investors
Małgorzata GrzegorczykOur business is not to buy investments but to shape an economic map of Poland. CEFinancialObserver.eu talks to Sławomir Majman, President of the Polish Information and Foreign Investment Agency.

Start-ups from the East as the opportunity for Polish funds
Magdalena OlczakAs public money flows into venture capital funds in Poland, the supply of available financing is larger than the pool of projects fit for investment. One solution to this problem would be to engage start-ups from east of the...

Belarus on a long way to WTO
Aleś AlachnovičThe history of Belarus applying to join the World Trade Organisation (WTO) is a story of unfulfilled promises to liberalise and privatise the economy. For many countries aspiration to become the WTO member often served as a...

After recession Russia will slide into stagnation
Aleś AlachnovičThe decline in oil price and economic sanctions deepened the slowdown in Russia’s GDP lasting from 2011. Due to the lack of internal and external growth drivers, this time Russia is unlikely to return to a high-growth path...