NEQSOL Holding and Raiffeisen Bank International signed a Letter of Intent
At the Ukraine Recovery Conference 2026 in Gdansk, NEQSOL Holding and Raiffeisen Bank International (RBI) signed a Letter of Intent to strengthen their partnership. In this interview, Rishad Aliyev, Head of Investor Relations at NEQSOL Holding, talks about investments in Ukraine during and after the war.
What does the signing of this Letter of Intent mean for NEQSOL Holding?
It opens a new chapter in our long-term strategic partnership with RBI, enabling us to collaborate on numerous large-scale projects in Ukraine and across various geographies.
How does the cooperation with international financial institutions and banking partners such as RBI support NEQSOL Holding’s long-term commitment to Ukraine?
As a strategic investor in Ukraine, NEQSOL Holding has consistently invested in telecommunications, mining, and other sectors over the years, despite the immense challenges brought by the war. Support from international financial institutions enables our companies to not only sustain operations but also expand and elevate the services and products we provide. This plays a vital role in supporting the country's economy.
NEQSOL Holding acquired Vodafone Ukraine in 2019 and is now a key player in the country’s digital infrastructure. What role do digital technologies play in Ukraine’s resilience and reconstruction?
Ukraine has demonstrated to the world how resilient an economy can be when people and technology work in tandem. Digital technology and telecommunications serve as the primary drivers of the modern world, anchoring sectors like manufacturing, agriculture, logistics, and healthcare. Most importantly, telecommunications are critical for keeping people connected during these challenging times. This is precisely why we continue to invest hundreds of millions of dollars to expand and upgrade the network in Ukraine.
How do you assess Ukraine’s reconstruction and investment potential in the coming years?
Ukraine possesses immense potential, offering vast investment opportunities across various sectors, including reconstruction, services, and critical raw materials. However, certain structural obstacles – such as electricity pricing, export controls, and currency regulations – make investments complex. Addressing these challenges will be essential if the country aims to attract billions of dollars in foreign investment over the coming years.
In your opinion, which sectors or initiatives will play the most important role in Ukraine’s reconstruction?
Reconstruction cannot be limited to just one or two sectors; it is a combination of interrelated processes that span all areas of socioeconomic development. Rather than focusing solely on specific industries, the country needs to foster investment opportunities across all sectors and scales – ranging from large, multi-million-dollar infrastructure projects to small and medium-sized enterprises.
What advice do you have for international investors and companies considering participating in Ukraine’s reconstruction?
Representing a holding company that actively invests in Ukraine during the war, my advice to potential investors is not to wait. Now is the time to identify specific opportunities and lay the groundwork for future investments. This includes defining a clear strategy paired with a robust implementation plan.