Albania agrifood monopoly operator fined €400,000 for abusive rents

Tirana Times
By Tirana Times November 26, 2018 12:59

Albania agrifood monopoly operator fined €400,000 for abusive rents

Story Highlights

  • Competition authorities say the company has been applying excessively high rental prices, estimated at about twice higher compared to nearby rental facilities along the Tirana-Durres highway, at profit rates of 65 percent and meeting the investment cost in record time of about three years since launching its operations in 2015 under a deal with municipality of Tirana

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TIRANA, Nov. 26 – Albania’s Competition Authority has fined an Albanian-owned company for abusing its monopoly position by overcharging traders at Tirana’s wholesale agrifood market just outside the Albanian capital

Tirana Times
By Tirana Times November 26, 2018 12:59