ECONOMY

Intracom signs Romanian deal worth 11.8 mln euros

Intracom Telecom has signed an 11.8-million-euro deal with Romania’s Administration and Interior Ministry, it said yesterday. Intracom said its Romanian subsidiary, Intrarom, signed the agreement which will «provide an integrated system to maintain and distribute information for border control, national security and law enforcement both on a national and European Union level.» The project is scheduled for completion in 10 months, the Greek company said in a statement. Intracom Telecom, controlled by Russia’s JSC Sitronics, has subsidiaries in 16 countries, including Bulgaria, Cyprus and Saudi Arabia. The company is 49 percent-owned by Intracom Holdings, whose shares are listed on the Athens bourse.