Monitor.al is the webpage of the weekly Monitor, with focus on business and economic news in Albania. The magazine is a publication of Media Union LLC, which was founded in 2000 and is wholly owned by the company Union Group LLC. The businessmen Edmond and Niko Leka own 70% of the shares of Union Group LLC, while 30% are owned by their business partners, Varuzhan Piranjani, Eduard Shima and Gjergji Misha. The magazine Monitor is in its 15th year of publication and offers in depth analysis, opinion and statistics on economic issues. Its online publication was rebranded recently and apart from its own articles also offers economic coverage of the region and the world, lifestyle and sports. The archive of the magazine, apart from the current issue, can be accessed through a paywall.
Media Companies / Groups
Union Grup LLC
The webpage Monitor.al is a publication of Media Union LLC. The sole owner of Media Union is the company Union Group LLC – 70% of the shares of Union Group LLC are owned by the brothers Edmond and Niko Leka, 10% of the shares are owned by Varuzhan Piranjani, 10% by Eduard Shima and 10% 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 Group“, „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. $)
Operating Profit (in Mill. $)
Advertising (in % of total funding)
The ownership structure and financial statement are publicly available on the Albanian National Business Registry. Although, financial data of the webpage Monitor are not separate from the company and its impossible to calculate.