Monitor
Monitor is the only business and economic weekly magazine in Albania. The magazine is in its 20th year of publication and offers news, analysis, opinion and statistics on economic and business issues. Monitor also publishes a monthly English version, which collects the most important articles published in the local language by the magazine.
Audience Share
MissingData
Ownership Type
Private
Geographic Coverage
National
Content Type
Paid content
Media Companies / Groups
Union Grup
Ownership Structure
The weekly magazine Monitor is a publication of Media Union LLC. The sole owner of Media Union is the company Union Group LLC – 70 per cent of the shares of Union Group LLC are owned by the brothers Edmond and Niko Leka, 10 percent of the shares are owned by Varuzhan Piranjani, 10 per cent by Eduard Shima and 10 per cent by Gjergj Misha.
Voting Rights
Only the shareholders have the right to vote.
Individual Owner
Group / Individual Owner
Varuzhan Piranjani
Varuzhan Piranjani an Albanian businessman and construction entrepreneur. He is a shareholder of the companies “Union Grup“, „Union Net“ and “Union Financiar Tirane '' founded by Leka’s brothers.
Eduard Shima
Eduard Shima is a business partner of the Leka brothers. He also owns the Poeteka publishing house and the design company, "Intergrafika".
General Information
Founding Year
2000
Affiliated Interests Founder
started his career as an engineer in the Albania Power Corporation, before moving to the private sector in 1995 in order to help his brother Niko Leka to expand Western Union in the country. Today, the Leka brothers own a string of companies, with Union Bank considered as the crown jewel. In 2000, Edmond Leka entered the media market by launching the economic weekly ‘Monitor.’ In December 2005, the Leka brothers bought 20% of the pay-per-view platform DigitAlb, through their company Union Distribucion Servis Albania LLC. In May 2023 Leka Brothers owned 16.80% of the pay per view Digitalb shares through their companies Arch Investor and Union Group LLC.
Apart from his business activities, Edmond Leka is the chairman at the Board of Directors of Harry Fultz Institute while his brother is the president of Automobile Club Albania.
Affiliated Interests Ceo
has been appointed as CEO of Media Union since January 2021. He is also the general secretary of Automobile Club Albania, ACA, a non-profit organisation directed by Niko Leka. ACA has the exclusive right to organise motorsport races in Albania and has been lately involved in the governmental project of Auto Moto Albania.
Affiliated Interests Editor-In-Chief
a well-known business journalist. She has held the position of editor in chief of the magazine Monitor for more than a decade.
Contact
Rruga "Sulejman Delvina",
Nd.25, H.7, Ap.6, Kodi Postar 1019, Tirana
Tel: +355 676053622
Website: monitor.al
Financial Information
Revenue (in Mill. $)
0.66 Mln. $ / 74 Mln. Lek
Operating Profit (in Mill. $)
-0.01 Mln. $ / -2 Mln. Lek
Advertising (in % of total funding)
Missing Data
Market Share
23%
Further Information
Meta Data
The ownership structure and financial statement are publicly available on the Albanian National Business Registry. The financial data provided are for 2022. The Central Bank's average exchange rate for 2022 was used to convert the amounts into USD. See sources for more.
