The Centre for European Economic Research (ZEW) stood its ground in national and international competition in 2014 with a total revenue of about EUR 20 million. The institute successfully reinforced its reputation as an excellent research location. Despite the huge competitive pressure due to European-wide calls for proposals, the research institute considerably increased the share of research contracts awarded by the EU Commission. Projects commissioned by the European Union formed almost 25 per cent of ZEW's third-party funding volume (a total of EUR 9.2 million) in 2014.