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.
Recovering economy needs stable interest rates
Krzysztof BieńThere is no reason to believe that within the next six months, and probably even more, something will significantly change the course of economic events specified in the November "Inflation Report" of NBP. Therefore, the...
Why are Poles poor despite working hard?
Maria DrozdowiczAccording to data published by Eurostat and the European Commission Poles are raising labour efficiency while the wage share in Poland’s GDP is among the lowest in the EU and continues to deteriorate. Yet, employers are...
Ukraine has to make a choice
Wiktor RossThere are many signs that the fate of Ukraine standing at the European crossroads is going to be resolved soon. And the choice is not just an economic profit and loss account of integration with the EU or Russia.
Interest Rate Cuts or Topping Up Punch
Marek BelkaA long standing Fed President, William McChesney Martin, kept saying that the central bank is like a good chaperone at a party: one that cares that the guests always have enough punch in their glasses. When the atmosphere...
FOR: Better cut spending than raise taxes
Obserwator FinansowyThe reason for problems in overcoming the crisis is not the austerity policy - says the report on “Economic Growth in the European Union” prepared by Forum Obywatelskiego Rozwoju (FOR - Civil Development Forum), a Polish...
Central Europe’s “Good “ countries lose ground while the “Bad” catch up
Jan CieńskiUntil recently Poland, the Czech Republic and Slovakia were seen as the countries with the best governing standards, the most solid banking systems, the most open to foreign investors and with generally predictable politics....
It is hard to measure an output of innovation policy
Krzysztof NędzyńskiAdequate input for R&D is indispensable: without investment there is no innovation – says Peter Dröll, Head of Innovation Unit in the European Commission. It is equally important to have a maximum output. It is hard...
The best time for Poland after 500 years
Marek PielachIn his report, World Bank analyst Marcin Piątkowski predicts Poland’s new golden age. Relative to Western European countries, Poland’s GDP is the highest in 500 years. In 10 years, Warsaw is expected to be a better...
If the Banking Union, it is only in its entirety
Jacek RamotowskiThe Banking Union can be effective and give the potential to break the vicious cycle of fiscal and financial instability only if at the same time all necessary components are in place – a Single Rule Book, a Single...
Poland will no longer be able to obtain funding as cheaply as before
Marek PielachChanges in the pension system are neutral for Poland’s present rating but may limit upward mobility of Poland’s rating from the current A2 level. Such a degree of reform reversal would not be likely in countries with...