Monitor is the only business and economic weekly magazine in Albania. The magazine is in its 15th year of publication and offers news, analysis, opinion and statistic on economic and business issues. Monitor also publishes a monthly English version, which collects the most important articles published in local language by the magazine.
Media Companies / Groups
Union Grup LLC
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 per cent of the shares are owned by Varuzhan Piranjani, 10 per cent by Eduard Shima and 10 per cent by Gjergj Misha.
Only the shareholders have the right to vote.
Group / Individual Owner
Varuzhan Piranjani is a construction enterpreneur. He is a shareholder of the companies „Union Grup“, „Union Net“ and „Union Financiar Tirane“ founded by Leka’s brothers.
Eduart Shima is a business partner of Leka’s brother. In addition, he owned the publishing house „Poeteka“ and the design company „Intergrafika“.
Gjergji Misha is an old business partner of Leka’s brother. He is also the owner of the construction and real estate company Star Plus.
Affiliated Interests Founder
Edmond Leka – started his career as an engineer in the Albania Power Corporation, before moving to the private sector in 1997 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.’ The two brothers bought 20% of the pay-per-view platform DigitAlb in December 2005, through their company Union Distribucion Servis Albania LLC. In January 2016, Union Distribucion Servis Albania LLC sold 10% of the shares to Union Group Sh.p.k. where 70% of the shares are owned by the Leka brothers.
Affiliated Interests Ceo
Gent Joca – was appointed as CEO of Media Union LLC in February 2015, replacing in this post the businessman Edmond Leka. Earlier he has worked for the company Press Point Albania.
Affiliated Interests Editor-In-Chief
Ornela Liperi – is a well-known business journalist. She holds the position of editor in chief of the magazine Monitor for more than a decade.
Njesia Bashkiake nr.5, Rruga "Sulejman Delvina",
Nd.25, H.7, Kodi Postar 1019, Tirana
Tel: +355 42250653
Revenue (in Mill. $)
0.46 Mio. $ / 59.12 Mio. Lek
Operating Profit (in Mill. $)
0.00 Mio. $ / 0.54 Mio. Lek
Advertising (in % of total funding)
The ownership structure and financial statement are publicly available on the Albanian National Business Registry. The financial data provided are for 2016. The Central Bank's average exchange rate for 2016 was used to convert the amounts into USD. For the purpose of evaluating weight of assets and revenues of this company in the print media market, MOM have calculated the value of assets, revenues and profits of 11 Print Media Companies. The companies/outlets included in the calculation are as follows: Panorama, Gazeta Shqiptare, Koha Jone, Mapo, Shekulli, Tema, Dita, Shqiptarja.com, Standard, Sot News and Monitor.