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Albania monopoly ordered to revise abusive rents hitting consumer prices

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3 mins read
8 years ago
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TIRANA, Sept. 11 – Albania’s competition watchdog has ordered a monopoly company managing the country’s largest fruit and vegetable wholesale market to revise its abusive warehouse rental prices that are sharply increasing consumer prices. The decision by Albania’s Competition Authority comes following a probe into Ekma Albania, the Albanian-owned company that has been running the Tirana agri-food wholesale market since 2015 under a deal with the municipality of Tirana. The watchdog says the company has been charging significantly higher rental rates compared to average prices at the local area just outside the capital city at the entry of the Tirana-Durres…

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Story Highlights

  • The watchdog says the company has abused its monopoly position at a time when traders have no other alternative to sell their products, leading to excessive profit rates, which according to the company's annual report with tax authorities reached at about two-thirds of its annual turnover

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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