BREXIT EFFECTS ON OIL AND GAS INDUSTRY


Brexit effects on labour market.

In recent weeks, markets have been concerned with the negative policies of different countries and the global economy apparently unstable. EU countries have focused on the results of the referendum on Great Britain’s exit from the EU.

In 2013, the UK became a net importer of petroleum products. The most important sources of UK oil are France and the Netherlands. Vote out of the EU and increase economic and political instability may lead to the depreciation of sterling, resulting in higher costs for imports and creating uncertainty regarding the UK energy supply.

After the chaos caused by the referendum in the UK, effects felt in oil prices, reaching the amount of $ 48.30 / barrel. Oil increased by 80% more than in the first quarter of 2016.

Long-term oil and gas market developments in the UK raises a big question mark, because the market has already begun to encounter difficulties.

One of the Brexit effects on the Oil and gas industry is barriers in trade.

Most workers in the UK oil & gas industry are employed by European companies. If the United Kingdom’s decision will be materialized to leave the EU, the cost of hiring British workers will increase greatly, so that big companies will turn their attention to the recruitment of persons in the EU area will have much lower employment costs.

Limited manpower and capital mobility are issues that will be faced following the decision. Britain’s limited ability to attract labor in the oil and gas industry will discourage the investments in the medium and long term.


What will be the Brexit effect on oil prices?

Economists say that Brexit will impact the oil and gas industry, what is not shared by analysts in the field. In the short term, oil prices dropped by $ 2/barrel due to lower demand for oil. However the oil market in the UK is in a good position. The immediate results of the vote are not only Brexit but falling oil prices and slower economic growth will implicitly lead to lower oil demand.

In early 2016, the oil and gas market seemed to be balanced, in analyzes made by specialists in the field. Oil prices will not be immune to the financial changes caused by Brexit. The results of the referendum could affect demand for oil and gas, which could lead to Europe’s economic slowdown, oil and gas investments in the North Sea and UK.

With rising oil prices, the number of rigs has doubled in recent weeks, which has led to concern investors about the evolution of the already over saturated market.

Companies like British Petroleum said it expects the UK decision made not to influence businesses or investments in the UK. They also said that details of the negotiation process on the future relations with the UK are clear because they expect to negotiate with the UK and EU in areas of common interest.

Also, it said that some big investors and oil companies could lose confidence so the situation will be reviewed until the return of oil price stability and demand.

Therefore, both the UK and Europe will be affected by the phenomenon of economically Brexit, and legislative. Regarding oil and gas industry, fluctuations in oil prices in the UK have influenced confidence in the UK market. A second referendum could lead to the delay or cancellation of projects partnerships with certain companies to a concrete decision regarding the political and economic situation of the UK.

BREXIT EFFECTS ON IT INDUSTRY


How Brexit will influence the IT industry??

The decision of the UK to leave the European Union is the most disputed issue today. Brexit is a abbreviation that refers to Britain’s decision to quit the EU (British Exit).

Technology in the UK will be affected both in the current year and the next year, due to political instability. Big companies believe that recruitment market will be more difficult because recruiters will not have access so easily to young programmers, leading to a decrease in labor market development software.

IT industry is a hard industry accessible. Brexit will create many problems for IT industry in the UK as attracting professionals in this domain will be more difficult. Among the issues raised by this decision many companies will go to European countries.

Great Britain is aware that European students are very responsible so they will try as much as possible to attract further in their country.

As we all know, many Romanian IT industry professionals are established in the UK because of the advantages and opportunities that they have.

In recent years, about 30,000 specialists have emigrated to the UK in the IT sector. Romania is one of the most popular countries in this regard, because young graduates are well trained in this field and salary expectations are not as high as those of the British.


How Brexit will influence the IT industry of Romania?

The specialists estimate that Brexit will have a positive effect on the IT industry in Romania since many professionals currently are working in the UK, will return home if they do not have other possibilities.

Romanian specialists consider that the Brexit is as an opportunity in terms of developing the IT sector in Romania.

Returning specialists in our country should be seen as an opportunity for development of the IT industry, to focus on the development of this industry by offering competitive advantages stimulating IT professionals to stay in the country.

Given the continuous development of IT industry in Romania, if there are professionals who want to return home, they will be able to find a job more easily compared to other areas.

Large recruitment companies in Romania took the first steps in developing campaigns to motivate young programmers on the return. They have started a campaign to try to motivate programmers to engage in Bucharest and Cluj, where the IT market is in constant development, showing the benefits of returning to our country.

The IT industry will not be adversely affected by Brexit, Romania should benefit from this phenomenon creating opportunities for young professionals as compared to UK standard of living is much cheaper in Romania and salaries have increased in recent years.


Brexit effects on Romania.

After many discussion regarding the UK decision, experts have concluded that the Brexit impact on Romania in the short term is limited because transactions between Romania and the UK are not on high level considering that exports to the United Kingdom during 2015 represented 4.4% of total exports, representing 1.5% of GDP.

However, any company that is engaged in partnerships or business relationships with British companies will be affected by leaving the UK in the EU, being forced to change their strategy in terms of operational, legal and strategic.

Also, both customs duties and VAT will change as the import and export of products in the UK will become more expensive, the Romanians will be forced to reduce the flow of trade relations. Exchange rate, labor mobility and Romanian agriculture will be affected by Brexit because Great Britain is the country that contributes most to the EU budget.

In conclusion, although Romania is currently not directly affected by Brexit on long term, it will bear the consequences of those decisions economically and beyond.

10 ADVICE FOR GETTING THE PERFECT JOB

The labor market is in constant change. Search techniques and job descriptions are adapted according to the existing demand in the market. What does not change is the interview.

This represent the procedure that every candidate has to go through. A representative from the company you applied will contact you for an interview.

This is an important step in your career. Here’s what you have to know:

1. CV and Cover letter are the most important things for a future employee.

The CV must contain relevant information about your experience. Attention to details, arranging information in the document and your experience are relevant for the selection for an interview. Every detail counts: from the basics to the layout on writing a CV. It’s basically a reflection of yourself based on which potential employers choose to interview you.

2. Inform yourself about new trends in the labor market. Be in constant development.

By developing several platforms jobs, both employers and future employees can access information about available vacancies.
It is important to have an online activity on platforms like LinkedIn. More and more employers have switched to this mode of recruiting, namely through social platforms. The advantages of the platforms like LinkedIn are: updates on the labor market, career opportunities, and easy access to information about more jobs.

3. Your online activity is important. The employer is forming an opinion of you according your actions.

Given the advanced technology, many of us are very active in the online environment. When you work in a certain field or you want a particular career, you have to be very careful about the kind of activities you advertise online, so you have to be discreet with your personal life and with your daily activities. Employers have access to data easier about the candidate, they can make an opinion before they know you.

4. Apply only to jobs that match your skills and desires.

The most important thing when you apply for a job is to requisite employer. Do not apply to the jobs if you not correspond to the profile. Check if the job is active, do not send emails that will not be answered if this is not mentioned in the job description.

5. The information is the key to get the job that you want.

Interview preparation is another important step in getting a job. When you set an interview, you need to inform yourself about the activity of the company, to have knowledge about the type of questions that will be asked. Go prepared for any tests. They are very common now in the labor market. Find out the location details and type of interview.

6. Another important factor in getting an interview is body language.

According to experts, the body language is an important factor in getting a job. Most often, many candidates do not feel comfortable during an interview, so you have to be sure how you express yourself. Gestures, movements, facial expressions and language used are important factors during an interview.

7. Be professional! Good manners matter during the meeting.

When you go for an interview, you have to take care of your outfit. Dress suitable and also convenient for you. Do not try to impress because sometimes you can become embarrassed if you do not feel good about yourself. You have to expect to be stretched hand to get acquainted all the time. Wait to be invited to sit down. Good manners are often “forgotten” their cause is that you can’t control your emotions. Be calm and patient, listen to everything they say to you and respond when they have finished to ask questions.

8. Punctuality has become a debated topic because many candidates fail to adapt to demands.

To be punctual you must look out for location address . Do not try to impress by reaching much earlier. Your earlier arrival can influence the program of the person / people you have set the interview. It is recommended that you arrive 5 minutes, maximum 10 minutes early to allow time to announce the reception. Don’t be late! Very important criterion. Excuses are not welcome, it is your duty to be punctual.

9. Objectivity and discretion are the elements that matter during an interview.

Try to short answer personal questions, do not anchor in the past for the risk to get lost in unnecessary details. Discuss your previous jobs only when needed, being very succinct and diplomatic. Not reveal the reasons for leaving or dropping the previous post because often are questions that reveal your personality, recruiters manage to form an opinion about you.

10. Explain things during the interview. If you feel you do not own enough information, ask!

If you feel that you have understood what the job involves ask for more information if you have questions. As clearly and concisely explain your desire not to create confusion later. At the end of the interview, thank them for their time, recruiters take into account all these elements when taking the decision.

SOFTWARE DEVELOPMENT INDUSTRY IN ROMANIA

In Romania, the IT industry has become the largest generator of jobs.
2014 was a successful year for companies operating in IT revenues amounting to € 4 billion, which increased by 26% compared to 2013.

Major cities in Romania where it operates most IT companies are Cluj and Bucharest, and in third place was Iasi. The number of jobs is increasing so that in 2014 the number reached 75,000 IT specialists.

The Romanian capital, Bucharest is known as the largest generator of jobs, providing 50% of jobs in software development industry. IT sector revenues of 6% of GDP, namely 40 billion RON.

Experts estimate growth in the IT industry for 2015 by approximately 14%, and for the next three years it is estimated that the average annual growth will be 11%. The forecast for 2016 in terms of software services company revenues amounted to three billion.


Increasing revenue

2014 from 2013

From GDP is generating from

software development sector

Annual growth rate

for next year


SOFTWARE DEVELOPMENT SPECIALISTS

In Romania, the number of IT specialists is decreasing, something that concern large companies. Therefore, a considerable number of companies have developed partnerships with universities in the country offering students interested in scholarship and internship programs for their improvement.

THE SALARY OF A SOFTWARE DEVELOPMENT SPECIALIST

Increase the salary of a specialist has started since 2005. In 2008 was increased the boom of salary with 32 % by the previous year.

An important factor in IT is that an employee of the software is exempt from tax by 16% in Romania.

In 2014, the number of specialists in software industry had grown to 75,000 joined by 17,000 specialists PFA (authorized person).

It is expected that the necessary of employers software development industry will reach 300,000 specialists.

The salary of a specialist IT in Romania starts from EUR 500-800 € for a beginner and reach up to 1800-3000 € for senior software developer.


SOFTWARE DEVELOPMENT INDUSTRY IN 2015

IT industry in 2015 was declared the most productive industry in Romania, generating revenues of up to 4 times in total income in the economy.

2015 was a year of growth and development for the software industry in respect of large companies in Romania.

According to a report conducted by specialists, the value of Romanian companies in the IT industry is 2.2 billion €.

In 2015,the city Cluj has known as the most important in the software industry.

A total of 20,000 young people working in software development sector in the city Cluj.

More and more investors are attracted by the software development sector, which is a productive sector.


OIL & GAS INDUSTRY

2015 was an interesting year for oil and gas sector. The most important change for oil an gas sector was the price.
The oil price drop is felt by the labor market from oil and gas sector, so countries the large companies from countries countries such as USA, Norway or UK decided to reduce the operational costs.

At global level, it is perceived a lower demand for the labor market in oil and gas industry, , as most of the new development project and oil and gas exploration projects are on hold, Saudi Arabia is the country that has the greatest deliberately increasing production.


The labor market

is drop in UK

Was recorded a decrease

of labor market in USA

Deacreased the number of

person employed in Norway


PETROLEUM PRICE EVOLUTION

The petroleum price was played an important role in industry.
Some countries, such as Venezuela, Nigeria, Iraq or Russia are seriously affected by the diminish of the oil price economically speaking, because they can not break even or they make far less profit than previous period.

Iran is also one of the countries that are experiencing these problems, with the international embargo on oil exports.Geopolitical changes had an important role in lowering oil prices, regional conflict and generating embargo on oil exports in some countries.

In 2014, oil prices declined, going from $ 108.12 / bbl in January to $ 62.84 / bbl in December 2014.

Oil prices continued to fall, reaching in December 2015 at a price of $ 37.97 / bbl.

Year 2016 started with a drop of oil up to $ 30 / bbl, lowest price recorded in 2004.


OIL & GAS 2016 OUTLOOK

Year 2016 will be a year of surprising and gas oil. Although January this year announced an impressive decline in oil prices, $ 30 / bbl, Saudi Arabia, one of the most important countries in oil production, announces further investments into energy.

Year 2016 will be a year of surprising and gas oil. Although January this year announced an impressive decline in oil prices, $ 30 / bbl, Saudi Arabia, one of the most important countries in oil production, announces further investments into energy.

SOFTWARE DEVELOPMENT SECTOR AT GLOBAL LEVEL

Software development industry remains the most important sector of the economy of each country. Technology is constantly developing, which could create a shortage of IT specialists.

Potential employees in the software industry to the requirements of the employer, taking into account the benefits of the IT industry and specific job salary, working hours and much more.
At the global level, software development industry develop a faster growth compared to other sectors

The most wanted jobs in the software development sector are developing databases.


From industry is occupied

by the sector IT at global level

It will increase the number

of specialists IT at global level

Will increase

the number of jobs until 2020


SPECIALISTS AT GLOBAL LEVEL

The biggest salary had some changes, but the top five still occupied by Switzerland, Belgium, Denmark, USA and UK.

The average wage of an employee in the software development sector in United States is about $ 130,000 per year.

Average salary of an employee with experience in the IT industry in Switzerland is over $ 170,000 per year, exceeding Belgium which ranks in the top two by almost $ 20,000.

In the United Kingdom the salary for a newly graduate in IT start at £ 30,000 per year.

It is estimated that the labor market in the IT industry in the UK will increase by 1.62% per year until 2020.

United States is the country that is a significant number of IT specialists, estimating that it will expand the number of jobs, reaching a total of 685,000 by 2022.

In general, the biggest companies are looking for young people who manage to combine technical skills with understanding business objectives to solve the real problems of the company.