Full Story Full Story


Serbian Treasury Department Improves Financial Management With Cisco Technology

The Network is the Platform to Help the Treasury Comply with EU Standards and Provide Information to Citizens

BELGRADE, Serbia, January 14, 2009 - Cisco today announced that the Treasury of the Republic of Serbia has implemented a converged and highly secure network infrastructure based on Cisco® technology. The new network connects 145 locations and more than 1,300 employees across the country.

Serbia Treasury Headquarters, Belgrade

Serbia Treasury Headquarters, Belgrade

With the completion of the project, the Treasury Department aims to fulfil several of its key objectives. The new network helps achieve smooth, highly secure and reliable communications with other state institutions, and it serves as a platform for the new Financial Management Information System, which is a prerequisite for meeting European Union standards and obtaining EU integration funds. With the intelligent network infrastructure in place, the Treasury Department is also able to launch a whole range of services and to provide information to citizens about the state budget and its expenditure.

The Treasury Department operates as an organizational unit of the Ministry of Finance. It is responsible for the preparation and execution of the state budget and budget law, the management of public finances, and all accounting procedures as well as all public payments, including the payment of wages for nearly 140,000 public sector employees. "We have to be up-to-date and efficient on a daily basis in order to execute more than 400,000 instructions per day. This requires a robust and complex information system that reliably supports our overall activities," says Ivan Maricic, the Treasury Department director.

To serve these needs, the Treasury Department was looking to deploy a reliable, high-performance platform capable of supporting current demands as well adding potential new services such as unified communications with minimum investment. All state-funded institutions were first connected by a single network, followed by the integration of external users. Milestones included the implementation of a wide-area network and virtual local-area networks, the connection of new locations over a dark fiber transport medium, and an upgrade for data replication between storage-area networks by using optical multiplexers.

The range of Cisco products chosen for the solution included Cisco Catalyst® switches for the access and the core infrastructure, Cisco coarse wavelength-division multiplexing products, and Cisco 2811 routers at the premises, along with Cisco ASA 5505 Adaptive Security Appliances.

About the Treasury Department of the Republic of Serbia

The Treasury Department is an organizational unit of Serbian Ministry of Finance which performs a whole range of fundamental activities and services that are crucially important for operating the state. This complex and capacious job is handled by currently 1,369 employees in Treasury, within a system of 111 branch offices and 34 subsidiaries.

About Cisco Systems

Cisco, (NASDAQ: CSCO), is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. Cisco equipment in Europe is supplied by Cisco Systems International BV, a wholly owned subsidiary of Cisco Systems, Inc.

# # #

Cisco, the Cisco logo, Cisco Systems, and Catalyst are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.

Web Content Display Web Content Display


Web Content Display Web Content Display

Stay Connected

Web Content Display Web Content Display

The Network is offering Google Translate in an effort to more easily share our content with a global audience. As these are free, machine translations, we cannot verify that all translations are accurate.


Web Content Display Web Content Display

Web Content Display Web Content Display
Web Content Display Web Content Display
Web Content Display Web Content Display