Press Release Archive

Wednesday, 6 April 2005
INTRACOM: New Contract, worth 2.3 M USD, with Albanian Ministry Of Finance

INTRACOM signed a new contract, worth 2.3 M USD, with the Ministry of Finance of Albania for the supply, parameterisation, implementation, commissioning and rollout of a Treasury system. INTRACOM was awarded the project following an international open tender. The aim of the project, which the contractor INTRACOM will implement in cooperation with Oracle, is the development of a Treasury system that will critically contribute to the modernization of the Albanian Ministry of Finance infrastructure.

In particular, the contract provides for: supply of Treasury application software meeting the Ministry requirements, confirmation/specification of user requirements for the Treasury system, parameterisation of the application software to match the detailed user requirements implementation of the full system at Ministry head office and of appropriate subsets at Treasury district offices throughout Albania, assistance to the Ministry of Finance in developing operating procedures for the system & implementation of a workflow management capability, user training, development and provision of comprehensive operating documentation, and technical support of the system.

In undertaking this project, INTRACOM once more confirms its position as a key player in the provision of e-government solutions in the wider region.


INTRACOM is the largest Information & Communication Technology (ICT) solutions provider in Greece. It was founded in 1977 and is listed on the Athens Stock Exchange since 1990 (also ranked in the FTSE/ASE-20 LargeCap index). The company serves primarily the telecommunications, government, defense, and banking sectors. INTRACOM products and services reach the markets of over 50 countries all over the world, focusing on the Balkans, the EU, Central and Eastern Europe, North Africa, the Republics of the former USSR, and the Middle East. INTRACOM has subsidiaries in 14 countries in this region. In 2004 the 5450-strong INTRACOM Group reached €620.4 mil in sales and €43.1 mil in profits before tax, while for the 3100-strong INTRACOM company turnover came to €478 million and profits before tax to €36.1 million. INTRACOM's vision is to participate as a key international player in the modernization process of regional economies.