**EIB Head Arrives in Kyiv**
Nadia Calvino, head of the European Investment Bank (EIB), arrived in Ukraine’s capital city on February 10. This news comes as the EU is considering a major change to its financing policies.
**EU Plans to Boost Defense Spending**
19 EU countries have proposed increasing funding for arms production through the EIB. The goal is to make sure Europe’s defense industry can meet both short-term and long-term challenges, including Russia’s war on Ukraine.
**Ukraine Receives Financial Support**
Last year, Ukraine signed a financing agreement with the EIB under the Recovery III project at a conference in Berlin. This move aims to help Ukraine recover from the conflict and rebuild its economy.
