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.
Consumers’ inflationary mirage
Jarosław JaneckiAt a time when many central banks conduct a monetary policy based on near-zero or negative policy rates, expectations — not only of future interest rates, but also inflation — are playing an increasingly significant...
In the EU government debt increases as its share in the GDP lowers
Jan MuśMost of the Southeast European member states show decrease in the government debt as a share of GDP, as shown in a report published by the Eurostat. The EU debt as a share of GDP declined slightly in the Q3’19 q/q. In the...
Investment activity in CSE will increase in 2020
Maria BnińskaAccording to CMS and EMIS report “Emerging Europe M&A 2019/20” in 2019 in Central and Southeast Europe M&A deal volume was the lowest in the decade, with only 1958 transactions (down 6.5 per cent), with a...
How will coronavirus affect European economy?
Vedran ObućinaBeijing-based Global Times and some Western media have called the coronavirus a "black swan" — a completely unexpected phenomenon that will cause great damage to the Chinese and world economy. If the epidemic spread around...
The rise of the Russian Ruble
Filip BrokešAfter the collapse of oil price and imposition of international sanctions 5 years ago, the Russian RUB hit the rock bottom. Since December 2014, the Russian currency has seemed to be caught in a never ending downward spiral,...
Poland’s expensive highways
Jacek KrzemińskiPoland has already passed the halfway point in the construction of its basic network of motorways, expressways and rings. These are very expensive investments, but they provide a fast return on the investment. In some cases,...
What is the status of franchising in the Balkans?
Vedran ObućinaEvery 6 minutes, a new franchise outlet opens in the world. There are around 24,500 franchisees in the world in about 300 different industries, employing more than 3 million people in Europe alone. The franchisees have...
Central and Southeast Europe records investment volume of EUR9bn
Jo HarperIn the first three quarters of 2019, Hungary, Bulgaria, the Czech Republic, Poland, Romania and Slovakia recorded a real estate investment volume of EUR9bn, according to a report from Colliers, with office sector being the...
The US threatened Europe with tariffs, and everyone in Davos praised Asia
Marek PielachThe US Secretary of the Treasury Steven Mnuchin suggested in Davos that imposing a digital tax in Europe may result in customs duties imposed on European cars. In addition, the future of Asia was discussed as well as the...
Who is in charge of macroprudential policy in the EU?
Anna DobrzańskaThe global financial crisis was the catalyst for regulatory change in several areas of financial system. One of the reforms was to introduce macroprudential policy as necessarily complementing the existing microprudential...