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.
Unknown costs of new health care reforms
Dominika SikoraFive steps – and not one more – is supposedly all the Minister of Health needs to reform the health care system. The problem is he presented no details, only catchy slogans. No costs of the reform were mentioned. The...
Audit to reveal Credit Union secrets
Krzysztof MaciejewskiSeveral days ago, Credit Unions (Polish: SKOK) have been covered by supervision of the Polish Financial Supervision Authority (PFSA). Within the next three months, Unions’ financial statements will be examined by statutory...
Local governments prepare real estate tax reform
Jacek KrzemińskiLocal governments have abandoned their dreams of the cadastral tax for now, but they are still after higher revenues from land and buildings.They came up with geographical tax progression in order to save the budgets of...
Banks have to find new funds
Jacek RamotowskiFor most banks loans from parent banks are the cheapest form of loan funding. The crisis has dried out that source, however, so banks have to devise new methods to raise the necessary capital – claims Andrzej Topiński,...
Contractor vs investor – these barriers can be overcome
Konrad MajszykIn fear of corruption investors created barriers, which unintentionally contributed to a series of bankruptcies of construction companies. It will be difficult to relax the straightjacket of regulations without triggering...
Off-budget vehicle by the BGK aroused a lot of interest in The City
Jan CieńskiWhen Prime Minister Donald Tusk addressed parliament last week he was speaking to a much wider audience than just the deputies sitting in front of him and the national public – key recipients of his message were the...
There is no crisis in Poland, the point is to avoid recession
Dariusz FilarMany countries, especially European ones, are tormented by the financial crisis that has been evolving since 2007, and the recession developing since the beginning of the year. An attempt to describe this situation using a...
The economy has long been Lukashenko’s weak spot
Jan CieńskiAlexander Lukashenko remains firmly in control of Belarus's politics − as shown by the unsurprising result in recent parliamentary elections that saw his supporters take all 110 seats − but his biggest challenge in the...
Uncertain future of Open Pension Funds
Witold GadomskiWhen adopting last year the act reducing the level of the contribution transferred to Open Pension Funds (OFEs), the government promised another amendment. It was designed to force an increase in competition between the...
The government has no plans for a savings budget
Piotr AleksandrowiczThe Government has submitted a draft 2013 budget to the Sejm. With the economic growth planned for 2.2%, revenue is to increase by 2.4% in nominal terms and expenditure by 1.9%, excluding the European funds. Analysis of the...