Articles in 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.
Innovation in the time of crisis
The crisis caused by the coronavirus does not create favorable circumstances for changes in business operations. Most managers seek to maintain their current levels of activity and to limit the possible losses. But the...
Reversal of the demographic trends on the Polish labor market
The influx of economic immigrants to Poland in recent years is a phenomenon which has no precedent in the modern history of Poland, and which could be a signal of important changes taking place in the other countries of...
Germany still divided
After 30 years since the German reunification, the five former east German states still lag behind their western neighbors in terms of GDP per capita and in several other economic indicators. The hopes are that the...
The effectiveness of anti-crisis measures depends on trust
The outbreak of the pandemic has led to the introduction of unprecedented anti-crisis fiscal and monetary policy measures aimed at supporting economic activity and the stability of the world financial system. Their...
Turbulent times call for unconventional monetary policy
A lot is being said and written about the central banks’ reactions to the crisis caused by the coronavirus pandemic. However, much less attention is paid to whether and how the crisis affected the central banks themselves.
How much is the central bank’s guarantee worth?
During 2019, there was a significant change in the monetary policy of central banks in the United States and the Eurozone. As monetary policy strongly influences economic developments, this has caused a significant change in...
Ukrainian economic migrants caught in the COVID-19 trap
According to official data, during the first month of the pandemic approximately 400K economic migrants returned to Ukraine. The biggest group of Ukrainian migrant workers, reaching 180K, came back from Poland.
Listed companies are not ready for the Green Deal
Very few Polish companies have implemented climate policies. The situation may change, however, once the new EU financial tools and reporting obligations are introduced. In spite of the pandemic, there have never been more...
Malta’s opaque financial system
In the OECD report on countries’ compliance with international tax standards Malta was downgraded from “largely compliant” to “partially compliant”, making the island country the least cooperative EU member state...
Russian hydrogen energy waiting in the wings
There are some who believe that the Nord Stream 2 pipeline won't be used for natural gas in the near future, instead becoming instrumental in the production of hydrogen. Russian and German companies have a plan to build a...