Upgrade IR by ARIR
Core skills and tools for Investor Relations
Upgrade IR by ARIR 2026 on October 30th at the Bell Wing Event Hall of the Bucharest Stock Exchange
ARIR (The Romanian Association for Investor Relations) is organizing a new applied course on October 30th for those who wish to gain skills in the field of Investor Relations, as part of the Upgrade IR by ARIR professional training program. The course will provide participants with the tools, concepts, and frameworks needed to effectively understand and manage communication with investors, while also complying with regulatory requirements and international corporate governance standards.
Join this year’s course if you belong into one of the following categories:
- Professionals already working in Investor Relations who have practical experience in the field;
- Individuals at the beginning of their careers in Investor Relations or those who wish to transition into this field from another area.
The international trainers will hold their sessions in English, while local professionals will present in Romanian.
Why attend?
By attending this course, you will gain a solid foundation in the principles and best practices of Investor Relations, equipping you with the tools to communicate effectively with institutional and retail investors, analysts, and other stakeholders. You’ll deepen your understanding of the legal and regulatory frameworks that govern the capital market, learn how to craft compelling corporate narratives, and explore the latest trends in digital communication and corporate governance. Through interactive sessions led by seasoned professionals from Romania and international markets, you’ll build practical skills that can be immediately applied in your role.
Beyond the structured curriculum, this course is an opportunity to connect with a vibrant network of professionals who share a commitment to transparency, excellence, and innovation in Investor Relations. You’ll have direct access to facilitators with decades of real-world experience, including leaders from listed companies, legal experts, and regional influencers in capital markets. Whether you are looking to enhance your strategic thinking, navigate new governance expectations, or simply gain confidence in investor-facing roles, this program will support your growth.
Upgrade IR by ARIR is a step forward in your career as a trusted communicator between the market and your organization.
9:00 – 9:30 – Registration and coffee break
9:30 – 10:00 – Daniela Maior, President, ARIR
Opening remarks and introduction to Investor Relations
- The fundamentals of Investor Relations
- The core responsibilities of Investor Relations professionals
10:00 – 11:45 – Anna Dumanska, Chair of the Board, NEVIR
The financial calendar and the financial results package
- How to organise the annual financial calendar
- Best practices for the reporting package (results, presentation, discussions with investors and analysts)
- Practical advice and tips & tricks
11:45 – 13:00 – Lunch
13:00 – 14:30 – Stefan Maxian, Director Equity Capital Markets, Raiffeisen Bank International AG
What do analysts really want? The analyst’s perspective
- What analysts look for in results and reporting materials
- How to build a productive relationship with sell-side and buy-side analysts
- Common IR mistakes from the analyst’s perspective and how to avoid them
14:30 – 14:45 – Coffee break
14:45 – 16:15 – Mihai Căruntu, Vice President, AAFBR
Financial analysis: how the market sees the company’s numbers
- The key financial indicators investors follow
- How listed companies are valued and benchmarked against their peers
- What drives the share price: earnings, interest rates and country risk
16:15 – 17:00 – Vlad Obreja, Head of Public Affairs, ARIR
Corporate governance in practice: from the Code to day-to-day implementation
- The general corporate governance framework for listed companies and best practices
- Implementing the Bucharest Stock Exchange Corporate Governance Code
- Internal workflows for implementing policies and procedures
Trainers
Anna Dumanska
Chair of the Board, NEVIR
Anna Dumanska is Global Investor Relations Director at Prosus, one of the world’s largest technology companies, where she leads the group’s engagement with institutional investors, analysts and proxy advisors across global capital markets. She advises the C-suite and board on shareholder perceptions, manages the investor relations strategy and serves as a key interface between the company and its global investment community on financial, governance and strategic matters. Anna brings over two decades of experience spanning investor relations, corporate communications and stakeholder engagement, including more than 16 years at Shell, where she held senior IR and external affairs roles across Europe, North America, Africa and Asia. Anna is Ukrainian, and her career has taken her from Kyiv to Alaska Arctic, from London to Amsterdam - giving her a genuinely global perspective on how companies communicate and build trust with their audiences. She is Chair of the Board of NEVIR, the Netherlands Association for Investor Relations, and a faculty member of the IR Academy at Euronext. She holds a Master’s degree from Kyiv National Linguistics University and has completed the Sustainable Finance Executive Programme at the University of Oxford. Outside work, Anna is an avid hiker and enjoys a good bottle of wine at the end of it.
Stefan Maxian
Director Equity Capital Markets, Raiffeisen Bank International AG
Stefan Maxian has more than two decades of experience in Central and Eastern European equity markets. Since 2020, he has been Director, Equity Capital Markets at Raiffeisen Bank International in Vienna. Before moving to ECM, he spent almost 19 years as a Senior Analyst at Raiffeisen Centrobank (2002–2020). This gives him an in-depth understanding of how analysts and investors assess listed companies, their equity story and their communication with the capital markets.
He is a graduate of WU Vienna University of Economics and Business.
Daniela Maior
President, ARIR
With nearly 20 years of experience in capital markets, Daniela Maior is one of the leading voices in Investor Relations and capital market development in Romania. Her work focuses on helping companies strengthen investor trust, enhance market positioning and navigate complex financing and capital access processes, from fundraising readiness and IPO execution to long-term positioning in relation to investors. Daniela was selected by the European Bank for Reconstruction and Development (EBRD) to lead the first “Investor Relations and Liquidity” Program implemented in Romania, a landmark initiative dedicated to improving investor communication and liquidity for listed companies. She is the co-founder and President of ARIR – the Romanian Investor Relations Association, an organization which, within eight years since its establishment, has brought together companies representing over 90% of the Bucharest Stock Exchange’s market capitalization, contributing to the advancement of transparency, corporate governance and Investor Relations standards in Romania. Daniela holds a PhD in Finance from the Bucharest University of Economic Studies.
Mihai Căruntu
Vice President, AAFBR
Senior Analyst in the Corporate Finance division of BRD-GSG, responsible for analysis and valuation support and for exploring transaction opportunities in capital markets and mergers and acquisitions. Until 2018, he headed BCR’s Capital Markets Research Department for more than 10 years, analysing and valuing the most important companies listed on the Bucharest Stock Exchange (BVB) and publishing reports as part of Erste Group Research. He has over 20 years of experience in capital markets and company valuation and is a graduate of the Faculty of Economic Cybernetics, Statistics and Informatics (Bucharest University of Economic Studies). He has been a member of AAFBR since its founding and its Vice President since November 2022.
Vlad Obreja
Head of Public Affairs, ARIR
Vlad Obreja is the Head of Public Affairs of ARIR since 2023. Having a legal background, he works at the intersection of regulation, corporate governance and capital markets, and supports ARIR’s engagement with regulators and policymakers and contributes to improving the regulatory framework of the local capital market, with track record on topics such as gender balance in listed companies’ management structures, capital increases and corporate reporting framework.
With hands-on experience advising listed companies on corporate governance, he brings both a legal and a market-practice perspective to the dialogue between issuers, investors and authorities.
Before joining ARIR, he built experience in public communication, NGO management and external relations.
What Participants Say
ARIR managed to bring together the most important topics that an Investor Relations professional needs to be familiar with from the very first steps in this field. I particularly appreciated the quality of the trainers and their willingness to share their experience, offering practical advice and pragmatic approaches. This is the kind of training filled with highly relevant information, from which you leave with lessons you can immediately apply in your day-to-day work. Congratulations to everyone involved in the organization! Your role in shaping the professionals of tomorrow is undeniable.
Anca Visteanu
- Access to local and international experts in the field of Investor Relations
- The opportunity to understand and apply the latest rules, trends in IR, and stakeholder engagement tools
- Direct interaction with professionals in the field, with the chance to ask questions and receive answers
- Networking with other participants and the opportunity to build valuable connections
- Educational materials and additional resources for participants, including templates that support professionals in their work
- Certificate of participation issued by ARIR
- Providing a general understanding of fundamental concepts in the field of Investor Relations (IR) and the responsibilities of professionals working in this area
- Familiarizing participants with the structure of the Romanian capital market and outlining a broad perspective on its dynamics
- Understanding key elements for attracting investors
- Presenting the current regulatory framework and its impact on IR activities, including major mandatory reporting requirements and related communication needs
- Exploring brokerage services and the concept of Market Making
- Detailing how to interact with and prospect international investors, along with effective strategies for doing so
- Addressing the specifics of individual investors and ways to engage them
- Practical application of IR activity planning and obtaining a set of template materials for organizing IR operations
Book your place!
Participation fees are RON 2,400 for Non-Members and RON 1,600 for ARIR Members.
If your company wants to book participation for 2 or more representatives, please contact us at contact@ir-romania.ro for a personalized offer.