So apperently there is an issue with a GTX 900 series and a DisplayPort monitor connection.
With that kind of connection the system is simply refuses to load. DVI is working fine though.
Tried different versions of drivers - did not help.
Good thig is that not only I have this issue:
https://forums.geforce.com/default/topic/777412/geforce-drivers/windows-8-1-initialization-very-unstable-using-gtx980-and-displayport-on-4k-samsung-u28d590d-monito/
http://www.overclock.net/t/1515655/gtx-980-displayport-issue-anyone-else/