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This week we met with leaders from around the world at the Munich Security Conference to discuss current challenges.

We also signed new financing for Quantum Systems, an innovative European player in the field of drones also being deployed to support Ukraine. With this, we are further strengthening Europe's defence industrial base and technological sovereignty.

In parallel with presenting our 2025 activity reports in France, Romania and Czechia, we presented the EIB Group activities in Spain, where we also signed financing for the second investment mega-fund to nurture and support European unicorns.

We announced new financing to unlock green investments and bring down energy bills across 14 European countries, for startups in the Baltics, for energy grids in Czechia and to support sustainable fisheries, aquaculture and marine industries in Iceland.

Here in Luxembourg, we announced that our Energy Efficiency for SMEs initiative is exceeding targets, already supporting 150 000 small companies. We are also simplifying our rules for financial support intermediated through the banks, to reduce red tape for clients, especially small businesses and midcaps.

In Ukraine, we are working with the Red Cross to equip emergency shelters with heating and power, supporting people affected by Russian attacks in this winter's freezing temperatures.

And finally, we are supporting projects in Namibia and Tanzania, also to improve Europe’s access to critical raw materials.

  Watch President Calviño's previous One week, one minute recaps.