Hekla LLC
The construction company Hekla LLC is the publisher of Telegraf and was founded on 17 June 2002, by Agim Çiraku, who was at the time the sole shareholder of the company. However, according to the data of the Albanian National Business Register, Ciraku gave away the company in 2003 to Luan Veshaj. In 2013 Veshaj transferred 100% of the shares of the company to Klaus Ciraku, the son of Agim Ciraku and has owned the company since.
Since 2005 the company, the main activities of which are in construction sector, started publishing the newspaper Telegraf. The newspaper is not registered as a separate entity from the construction company.
Business Form
private
Legal Form
Limited Liability Company
Business Sectors
Construction; Publishing
Individual Owner
Agim Ciraku is the founder and publisher of the daily newspaper Telegraf, although officially the company is registered under his son’s name. Klaus Ciraku, the son of Agim Ciraku is listed as the sole owner of the company Hekla LLC, which publishes the daily newspaper Telegraf. Klaus Ciraku also owns 80% of the trade company Daroli LLC. Klaus Ciraku obtained the shares at Hekla LLC as a gift from Luan Veshaj in 2013, who in turn had received the shares as a gift in 2003 from Agim Ciraku. The older Ciraku is identified in the online page of the newspaper as the publisher, which suggests that he still has significant influence in the company.
Agim Ciraku was elected as a member of the Council of the Municipality of Durres on behalf of the ruling Socialist Party and backed during the last local elections, the reelection of three-time Socialist mayor Vangjush Dako. Ciraku heads the Albanian Swimming Federation.
Other Online Outlets
http://telegraf.al/
Business
Construction
Hekla LLC (100%)
Retail
DAROLI (80%)
General Information
Founding Year
2002
Affiliated Interests Founder
Agim Çiraku – the construction company Hekla LLC was founded on 17 June 2002, by Agim Çiraku, who was at the time the sole shareholder of the company. However, according to the data of the Albanian National Business Register, Ciraku gave away the company in 2003 to Luan Veshaj. In 2013 Veshaj transferred 100% of the shares of the company to Klaus Ciraku, the son of Agim Ciraku and has owned the company since.
In 2005 Agim Ciraku through HEKLA started publishing Telegraf newspaper. The newspaper is not registered as a separate entity from the construction company. Although Çiraku does not show up as owner he is named as publisher of Telegraf in their online edition.
Agim Ciraku does not own other businesses. Earlier he was 50% owner of the construction company Albit Diabra LLC, shares that were transferred to his nephew in 2015. His son, Klaus Ciraku is 80% owner of the trade company Daroli LLC and also 100% owner of Hekla LLC.
Agim Ciraku was elected as a member of the Council of the Municipality of Durres on behalf of the ruling Socialist Party and backed during the last local elections, the reelection of three-time Socialist mayor Vangjush Dako. Ciraku heads the Albanian Swimming Federation.
Employees
Missing Data
Contact
Rr. Abdyl Frasheri, P. Hekla Center, K. 2, Tirana
Tel: +355 42 257199
Email: info@telegraf.al
Website: www.telegraf.al
Tax/ ID Number
K21819004E
Financial Information
Revenue (Financial Data/ Optional)
0.29 Mio. $ / 37.5 Mio. Lek
Operating Profit (in Mill. $)
0.05 Mio. $ / 7.1 Mio. Lek
Advertising (in % of total funding)
Missing Data
Management
Other Influential People
Engjëll Musai – the CEO of the company Hekla and also the director of the newspaper Telegraf. Musai also writes the newspaper’s editorials. He has been a print journalist for many years. Musai has only one business previously registered with Ciraku, which has long gone bankrupt and closed.
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 2016. The Central Bank's average exchange rate for 2016 was used to convert the amounts into USD. See sources for more.
