Bridges: Why do companies choose to work with Wise Finance Solutions?
Hossu: We have established a presence in Japan, a unique step for a company with Eastern European origins, and are able to serve Japanese clients in their own language.
For many of Japanese companies considering opportunities in the European Union, language barriers often prevent challenges.
With our roots in Central and Eastern Europe (CEE), Wise Finance solutions (WFS) and our staff in Japan can provide comprehensive information on major European countries.
We have strengthened our cooperative networks with partners such as the Japan International Cooperation Agency (JICA), the Japan Bank for International Cooperation (JBIC) and private companies.
We have also established seamless cooperation initiatives with local public sector players in CEE to drive through various types of small, medium and large-scale projects which require wide-ranging support.
Today our main activities are focused on business development consultancy and include financial consultancy, project management, consultancy for obtaining non-reimbursable funds for investments (EU Funds, State aid granted by the Romanian Government and grants for private company business development) and human resource services.
We support companies investing in Romania and assist with incorporation, financing, project management services and staff recruitment.
Romania and Japan are actively strengthening their partnership. What role do you play in this?
We are forging the presence of each country in the other through a strategic business and cultural approach.
We have been cooperating with the Romanian investment agency and arranging their visits to Japan since 2015.
Despite the pandemic we believe this activity will be revived soon and will provide opportunities for Japanese companies to continue their dialogues with Romania’s public sector.
Cultural awareness is often a first step in forming friendly relationships and can be essential in establishing strong cross-border communications.
We have coordinated highly successful events designed to introduce Japanese traditions to Romania and Romanian culture to Japan. This will continue once the impact of the pandemic allows for tourism.
As Romania and Japan look towards the next 100 years, how do you see investments and partnerships developing?
Japanese people are outstanding and have a unique mind-set. Long-term growth is a key aspect of Japanese society and thus Japanese people are often prudent until they make a first step.Japan has begun to discover Romania quite recently and therefore we should be patient and better understand their approach to partner countries while recognizing members of the Japanese business community are very reliable partners.
As a country, Romania launched its economic development under capitalism, relatively recently.
We can learn a great deal from the Japanese approach of sustainable economic prosperity and technical expertise. Expectations must be openly held at diplomatic and private levels to achieve economic growth goals.
What message do you have for our readers regarding both the future of the Romania-Japan Relationship and Wise Finance Solutions?
Japanese companies have focused on Asian markets as an initial step towards their foreign expansion.
Nevertheless, they realized the risk of concentrating their hubs in certain areas as the impact of the pandemic on supply chains and continued competition with other players, namely China and South Korea became apparent.
From this perspective, Romania and its neighbouring countries are well positioned as investment destinations in the next few years.
We have huge potential in terms of EU market accessibility, state aid initiatives, technical skills and innovation and a strong human resource talent pool.
At Wise Finance Solutions, we will continue contributing to the European and Asian partnership and actively strengthen the Romania-Japan relationship.