The EIB and Europe Day 2023

This edition of EIB at a Glance is an overview of the European Investment Bank’s activities in 2022, showing our impacts in easily accessible figures.

European Investment Bank President Werner Hoyer said that, subject to approval from its governing bodies, the EIB is willing to immediately increase its contribution to the REPowerEU Plan from the current €30 billion package to €45 billion euros in additional financing.

In 2022, The EIB invested €17 billion in clean energy projects in the EU and supported EC's REPowerEU plan with an additional €30 billion in financing by 2027.

The European Investment Bank (EIB), the financing arm of the European Union, is announcing today a €7 million contribution from Ireland to the EU for Ukraine Fund – a complementary instrument established by the EIB to support Ukraine’s recovery and rebuilding efforts.

More than three years after Russia’s full-scale invasion, Ukraine’s resilience is extraordinary and Europe’s commitment to support the country remains unwavering. The European Investment Bank Group continues to stand by Ukraine. Here is how we have supported Ukraine in 2025.

A second building has been added to the Citizen Safety Centre in Avangard, Odesa Oblast, increasing the emergency response capacity in a region regularly targeted by Russian shelling and located on key transport routes. The centre plays a vital role in firefighting, emergency response and public awareness – not only for Avangard, but for other nearby communities as well. Supported by the European Union and its financial arm, the European Investment Bank (EIB), this new building significantly increases the centre’s ability to respond to emergencies and support local residents.

The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF), meeting this week, approved new financing to support economic prosperity and resilience, boost innovation and EU’s strategic autonomy in new technologies, and deepen global partnership.

Today, EIB President Nadia Calviño, Vice-President Teresa Czerwińska and Ukrainian Prime Minister Denys Shmyhal met to accelerate support for Ukraine with the implementation of three new EIB projects worth €300 million. The meeting and signing took place at the headquarters of the European Commission in Brussels, with the participation of EU High Representative and European Commission Vice-President Kaja Kallas, Commissioners Marta Kos and Valdis Dombrovskis. The financing, signed today, is backed by guarantees under the EU’s Ukraine Facility and supports Ukraine’s recovery efforts, including the restoration of essential public infrastructure and services. It follows the guarantee agreement approved just month ago with the European Commission unlocking €2 billion of investments.

The European Investment Bank (EIB) and the government of Ukraine have agreed to direct €50 million of EIB financing to Ukraine’s national railway company, Ukrainian Railways (Ukrzaliznytsia), to upgrade key rail border crossing points with Poland, Slovakia, Hungary and Romania, contributing to the EU-Ukraine Solidarity Lanes initiative to facilitate cross-border connectivity and trade. The agreement was signed by the EIB and the Ministry for Development of Communities and Territories of Ukraine. Backed by an EU guarantee under the Ukraine Facility, the investment will improve freight operations and strengthen Ukraine’s trade and transport links with the European Union. The upgrade is being co-funded through a grant from the European Union under the Connecting Europe Facility (CEF). The initiative is also benefiting from advisory support provided under JASPERS, a joint initiative of the European Commission and the EIB.

The European Investment Bank (EIB) Group and the European Commission signed a guarantee agreement at the EIB Group Forum that will allow the EIB to invest at least €2 billion in urgent recovery and reconstruction efforts in Ukraine. Aligned with the Ukrainian government’s needs and priorities, this funding is part of the European Union’s €50 billion Ukraine Facility for the period 2024-2027. 

As Ukraine marks three years of Russia’s full-scale war, the European Union continues to support the reconstruction of the country’s vital infrastructure. Two public buildings in Lviv Oblast – St Luke’s Hospital in Lviv and preschool No.7 “Dzvinochok” in Truskavets – have officially opened after renovations. Supported by the European Union and its financial arm, the European Investment Bank (EIB), these projects are part of the broader Ukraine Early Recovery Programme that funds the restoration of essential social infrastructure, including schools, hospitals, water and heating systems and social housing. As war-affected communities continue to face immense challenges, these investments help ensure access to critical services and create more resilient spaces.

Nadia Calviño, president of the European Investment Bank (EIB), interviewed with the Süddeutsche Zeitung

Our third episode takes us to Ukraine and Poland one year after the start of the Russian invasion. Olena Zelenska also joins us to discuss her foundation.

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