Despite cuts in the overall EU budget, EU Commissioner Johannes Hahn succeeded to keep the high level of financial support for strategic investments in the new period (2014-2020): Funding for regional and cohesion policy in 2014-2020 amounts to 351,8 bn EUR. The reform, endorsed by the Council of the European Union and the European Parliament with overwhelming majority and strongly supported also by stakeholders and the Committee of the Regions , established Hahn's reputation as a "forward looking, bold reformer". More detailed information on the fundamental reform of Regional Policy can be found here: Cohesion Policy Reform in 10 points  The Reform of Cohesion Policy 
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