Oracle Romania: The Brain gain vs. Brain drain

The domestic IT industry is currently influenced by two trends. On the one hand, the “Brain drain” is gradually being replaced by the “Brain gain,” while, on the other, we are witnessing a window of opportunity for foreign investment in Romanian IT, Oracle Romania general manager Stefan Cojanu told Ziarul Financiar. The Brain gain vs. Brain drain phenomenon is preventing software wizards from leaving the country as tempting jobs are showing up in Romania, a process that is already manifest and that will gain momentum in the next years as the major international IT companies are consolidating their position in Romania, according to Cojanu. The Oracle official cited the three logistic centres that the US corporation Oracle is opening in Romania. “The centres that Oracle is set to dedicate in Bucharest are joining similar centres that are already operating in Europe, given the need for new competence resources,” he explained. As Oracle VP Sergio Giacoletto did not provide many details about these investments in Romania last week, Cojanu told Ziarul Financiar the first centre (Partner Resource Network), dedicated to services for Oracle partners in the ten EU enlargement countries, will start working on March 15, with 10 specialists and will become operational on June 1. The second centre will provide logistic support for worldwide Oracle clients and will also become operational on June 1, with 30 people being employed for the beginning. The third centre will also become operational this summer, supplying Oracle telecom solutions across Europe. ZF