The progress of public sector IT projects was one of the key topics at yesterday’s Uni Systems press conference , with company executives providing details on the timelines, as well as what will follow after the Recovery and Resilience Facility (RRF) expires.
UniSystems CEO Yannis Loumakis stated emphatically that “there is life after the RRF,” as he explained that the company sees opportunities totaling nearly €400 million related to projects that have already been announced. For example, according to him, the ID card project is back on the table. At the same time, many projects are now being managed by the Superfund. There are also projects under the NSRF and others in the defense sector.
“These are projects that have been announced, which we are pursuing and which will come next year,” noted Mr. Loumakis, adding that the government has committed to allocating over 1 billion euros in the coming years to maintain the RRF projects.
Competitive conditions in the IT market
However, when asked to comment on current market conditions and the outlook for the future, the CEO of UniSystems pointed out that“unfortunately, we are returning to a ‘back-to-basics’ approach regarding the IT market. Intense competition, objections, and so on. On the one hand, the RRF created a massive demand bubble. A great many players emerged and grew in this sector, and now things are getting difficult.”
Of course, Mr. Loumakis clarified that for UniSystems, the public sector accounts for 15% of its revenue.“We don’t expect to make a living off the Greek government, just as we didn’t expect to all these years. Of course, the fact that the opportunity arose, we secured the projects, and our profitability improved is very important, and we’re very happy about that.
On the other hand, we continue to work abroad. We continue to work with banks, the private sector, and have made a strong entry into the defense sector. This doesn’t mean we’re abandoning the Greek public sector; it simply means that competition in the Greek public sector will be much more intense—that’s a given,”he emphasized.
The EUDI Wallet Project
Next, the CEO of Uni Systems also spoke about the European Digital Identity Wallet (EUDI Wallet) project, which is a European Union initiative. As he explained, under this initiative , all countries must, by mid-2026 , provide a platform through which citizens of one country can authenticate certain basic government documents in any other country.
“We have the company Compellio, which has developed the EUDI Wallet solution and has certified it in various countries. There was an EUDI Wallet tender that was issued, which unfortunately has once again ended up in court.
Of course, our company has been vindicated in the first instance and we remain the sole contractor, but the decision is not yet final,” revealed Mr. Loumakis, adding that “on the other hand, there is a critical timeline that the Ministry of Digital Governance must meet, according to which it must provide the European Union with a solution by December.”
“We are trying to convince them that we have the platform, we have the expertise, and we will make this work. We are waiting to see what the Ministry of Digital Governance decides on this matter," commented the CEO of UniSystems, among other things.
Subsequently, regarding the progress of the Land Registry project, Mr. Loumakis noted that it has moved forward and is proceeding well, and may even be granted an extension.
What about the timelines?
Finally, in response to a question about whether there are any RRF projects in which UniSystems is involved for which there may be concerns regarding completion and delivery deadlines, the company’s CEO replied, among other things, that there are projects with very tight schedules.
One of the examples he cited was the hospital project, in which, as he explained, there is the aspect of digitizing records, but at the same time there is the aspect of implementing their information systems. In fact, he noted that this situation applies not only to Uni Systems’ projects but also to those of other companies.
Nevertheless, during the press conference, Uni Systems executives maintained that there is no issue regarding project delivery, at least as far as their own company is concerned. As they stated, Uni Systems is on track to complete the projects on time.
According to them, this does not mean that there are no projects with short durations, even though they should have much longer implementation periods. However, they stated that they were aware from the moment of signing, for example, that instead of one year, the projects would take six months, and so they made the necessary preparations for the timely delivery of the projects.
They emphasized that there is currently no project at risk of not being delivered.