The European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF) have agreed today to establish a €300 million export credit guarantee facility under the EU flagship investment programme InvestEU. Thanks to this facility, the EIF will now be able to use the InvestEU programme to support European small and medium-sized companies exporting goods and services to Ukraine. The agreement was signed in the margins of the ECOFIN meeting of EU Finance Ministers in Luxembourg, which had support for Ukraine high on its agenda.

Today, at the Ukraine Recovery Conference hosted by Germany and Ukraine in Berlin, the European Investment Bank (EIB) Group, in collaboration with the European Commission and the Government of Ukraine, signed a number of major projects and partnership agreements to support Ukraine’s economic and social resilience.

The European Investment Bank Group provided an unprecedented €1.6 billion backing for transformational investment across Ireland last year. The 2023 investments are helping companies to expand and create skilled jobs, homeowners to cut energy bills, increasing renewable energy generation and supporting the development of the new Cork University Business School (CUBS). This represents the largest backing for new investment in Ireland by the European Investment Bank Group since the first operation in 1973.