Press Release Archive

Thursday, 16 June 2005
INTRACOM: New Contract, worth 6 M USD, with the Ministry of Labor & Social Protection of the Republic of Moldova

INTRACOM signed a new contract, worth 6 M USD, with the Ministry of Labor and Social Protection of the Republic of Moldova for the supply, implementation, commissioning and rollout of the Social Protection Information Technology System (SPIS) of the country. Intracom was awarded the project following an international open tender. The project is funded by World Bank and its duration is 18 months.

The aim of the project is the development of an Information System that will critically contribute to the standardization and simplification of procedures, and thus to the modernization of the Moldovian Ministry of Labor & Social Protection infrastructure. In particular, the contract provides for: design and supply of application software and required hardware meeting the Ministry requirements, as well as implementation of the full system at Ministry head office and 41 district offices throughout Moldova.

The new system will establish and maintain, among others, a records keeping system of companies' and insured persons' registries and contributions, as well as award and pay pensions, benefits, compensations and other payments to the insured persons. Furthermore, the system will provide proposals regarding the state social insurance budget and present reports on the budget fulfillment.

Both the Ministry and the insured individuals will benefit from the operation of this Information System. In particular, the Ministry will become more efficient and transparent, while the insured individuals will be timely, easily and quickly served. Additionally, the system will substantially contribute to the improvement of the Moldovian state mechanism, since it will allow for effective management of insurance resources.

In undertaking this project, INTRACOM strengthens its position as a key player in the provision of specialized applications in the area of social insurance, as well as of e-government solutions in the wider region.


Founded in 1977, listed on the Athens Stock Exchange since 1990 and included in the FTSE/ASE-20 LargeCap index, INTRACOM is the largest multinational Information & Communications Technology (ICT) solutions provider headquartered in Greece. INTRACOM serves the government, telecommunications, defense, banking, and large enterprise market sectors, focusing on Southeast Europe, the Middle East and North Africa. INTRACOM Group's products and services reach 60 countries all over the world. INTRACOM, besides Greece, operates subsidiaries in 16 countries. R&D is a fundamental priority at INTRACOM. The company invests annually 5% - 7% of its revenue in R&D, operates several world-class R&D Labs and has registered a number of international patents. In 2004 5,450-strong INTRACOM Group revenue reached €620.4 million and profit before taxes €43.1 million. The Group's international activities accounted for 45.3% of its annual revenue. In 2002, INTRACOM founded Athens Information Technology (AIT), a non-profit education and research center, which cooperates with the internationally acclaimed Carnegie Mellon University of USA.