The SWOT has been used as a tool to define and assess the key strategic issues that emerge from the NSRF Socio-Economic Analysis and to define the Priorities. The exercise indicates how the Structural Instruments could be best utilized to achieve the strategic objectives of NSRF.
The issues that emerge from the socio-economic analysis have been identified starting from Romania's development needs and with a view to the specific actions needed in order to address the real priorities for a growing economy and which could have the highest impact in terms of fostering economic growth. Promoting a balanced development across the country represents also a priority and was carefully considered.
The categorization of the issues into the thematic priority categories identified in the NSRF aims to assure a clear and optimal link between the analysis and the strategy of the NSRF. Identification of the strengths and the weaknesses in a certain area, with a view to capitalizing on the opportunities for the Structural Instruments to optimize investments in the field has been an instrument to prioritize the actions in order to achieve the highest impact.
In each category, the issues having the highest importance and impact were selected and ranked, based on the perceived importance of these factors. In its comprehensive form, the SWOT analysis looks at the overall potential of Romania and identification of the most efficient ways to capitalize on it.
The strengths Romania can built on, such as the size of the market and the increasing stability both in macroeconomic terms and of the national currency, will influence the degree in which Romania will benefit from the existing opportunities such as the accession to the EU and the structural change of the economy, together with a stronger integration of all areas in the economic circuit. In this context, the strategy will aim to address the existing weaknesses, in terms of an unbalanced economic structure, unfinished structural reforms, insufficiently developed administrative capacity and significant regional disparities in order to narrow the development gap with the rest of the EU. The fact that such issues affect the overall implementation of the NSRF strategy increases the importance of addressing them. The potential threats for development - such as a difficult economic environment, a low absorption of EU funds or the external migration of the labour force - need also to be considered.
The analysis carried out recognizes the needs in terms of basic infrastructure as top priority of today's Romania, considering its crucial influence on the competitiveness of the economy as well as on the mobility and health of the workforce and the general welfare of the people. The envisaged strategy was designed as to best answer to the needs for development in the field of transport, environment and energy, given the major weaknesses in these fields, as areas where there was no sufficient
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