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.

Banking union is created through convergence and dialogue
Jacek RamotowskiThanks to Supervisory Review and Evaluation Process (SREP) for the first time we will have a real assessment of banks’ business models across the EU, which is a key for assessment of sustainability. CE Financial Observer...

Mission (im)possible: first home
Krystian Jaworski10 solutions that could be easily implemented in short/medium term to improve housing problem in Poland. Kristian Jaworski is the winner of Obserwator Finansowy’s contest If it were up to me… – what would I change in...

Even without the war, recession would have hit Ukraine
Jakub BiernatOne day of war in Ukraine may cost even up to 14 million euro, says Ukrainian economist, Oleksandr Zholud. In an exclusive interview Zholud talks about Ukrainian economy in difficult times.

Western assistance is only lining the Ukrainian authorities’ pockets
Michał KozakUkraine could be firmly back on its legs within a few years with a reasonable support of the West, despite all its current problems. But this requires a change of the mindset of the ruling class – a challenge far greater...

Lukashenko is waiting for foreign loans and manually controls the economy
Jakub BiernatThe Belarusian authorities are tackling the crisis in their traditional way: by using administrative methods. The goal is to maintain stability until the presidential elections in autumn 2015.

Special Economic Zones have hardly boosted growth
Małgorzata GrzegorczykSpecial economic zones are beneficial for regions that are at intermediate stages of development. In most cases they have not added to the growth of local communities.

Government securities saved profits of banks, but not for long
Jacek RamotowskiThe profits of banks in Q1’2015 significantly exceeded expectations but this may not last long. There are many issues that can impact future financial results of a banking sector in Poland.

A long way to the euro, even if we want it
Witold GadomskiThe chances of Poland entering the euro area in the coming years are slim. The reasons for this are political and are connected with the constitutional provision that Narodowy Bank Polski has the exclusive right to issue...

The Varangians in Kiev
Michał KozakThe landing force of foreign specialists, known in Ukraine as “the Varangian team”, are appointed to successive positions in the state administration. Are Varangians the last hope of Ukraine or just a fig leaf used by...

Growth can help Europe’s reintegration
Milena KabzaECB will not be able to support European financial markets endlessly. The euro crisis weakened the internal market both economically and politically. The past few years have been wobbly, and there will surely be further...