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Regional Policy as main investment tool: Commissioner Hahn at international business conference "Greet Vienna"

(20 May 2014)

Regional Policy as main investment tool: Commissioner Hahn at international business conference

On 19 May Commissioner for Regional Policy, Johannes Hahn, explained the reform of the EU Regional Policy at the high level business conference "Greet Vienna". Highlighting the role of the reformed Regional Policy as THE main investment instrument, the Commissioner engaged in a debate with investors of the real estate sector about business opportunities in Central and Eastern Europe.

The Commissioner stressed the strategic approach of the new Regional Policy which will be implemented in the period 2014 - 2020: "Investments will have a clear focus and strategic orientation according to the rule "project follows strategy". With this paradigmatic change and with the thematic concentration along the objectives of the EU 2020 strategy we will achieve more impact".

Referring to the difficulties and barriers investors face in some Member States, Johannes Hahn outlined the Commission's new approach towards EU candidate countries: "A functioning judicial system, full compliance with the rule of law and efficient administrative structures are crucial preconditions for investors. That's why we have recently started to open negotiations with candidate countries with the relevant chapters. This approach is also supported by the reform of Regional Policy which links funding from EU structural funds to the fulfilment of clearly defined conditions" .