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.
Chemical industry’s privatization strategy hampers its privatization process
Tomasz ŚwiderekThe main result of the privatization of the Polish chemical sector, founded on the principle of "have your cake and eat it", is the growing debt of companies from this sector. A real privatization seems to be an increasingly...
Poland will avoid a trap as it has a chance to post a growth rate of 3%
Ignacy MorawskiThe current decade will not be a golden one for Poland. There is a chance, though, the decade will not be lost. In the coming decade, Poland may grow at an average rate of 3% per year. This is less than in the past 20 years...
Who will provide a bird’s-eye view of the financial sector?
Jacek RamotowskiMacroprudential supervision is the copestone of the global financial safety that has emerged as a lesson learned from the crisis. Institutions responsible for carrying out macroprudential supervision have been established in...
East is Least and West is Best?
Jan CieńskiGovernment advertising campaigns tend to put people to sleep, but a startling exception is the ongoing campaign to boost investment in eastern Poland, with US economics commentator Matt Yglesias calling it the “The...
Wind of change
Wodzisław KicińskiJust as a mutation of a deadly virus, which cannot be cured with existing medicine, the financial crisis has shaken pillars of the economic system forcing policy makers to go beyond conventional responses for downturns.
Development needs more than just money
Piotr AleksandrowiczPolish analysts at the UNDP Project Office calculated Human Development Index for each powiat and city with powiat rights. In many regions it differs surprisingly from the most commonly used index – the gross domestic...
Belka: We waited higher inflation out with no panic reactions
Krzysztof Bień“The new inflation projection shows that there is room for a safe decrease in interest rates, and so the Monetary Policy Council made a fairly radical cut. The Council had been moderate in its responses to the increase in...
Bank regulations spell trouble for the economy
Jacek RamotowskiAnti-crisis regulations of the banking sector have a dark side. Bankers claim they can slow down growth due to reduced lending as well as force banks to transfer business from one country to another. And what will Poland do...
Warning signs appear as Poland’s bond rally shows no signs of running out of steam
Jan CieńskiNicholas Spiro of Spiro Sovereign Strategy weighs his words carefully when asked for his assessment of the current bull market for Polish bonds. He steers clear of the word “bubble” but then settles on a less scary term...
Economic flexibility more important than exchange rate
Jan CieńskiDuring the depths of the eurozone crisis just a few months ago, anyone suggesting that Poland ought to seriously start considering joining the euro would have been a candidate for a mental health check-up. But that is...