Montenegro companies ranked by average monthly payroll cost per employee 2018. This 2018 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria. Only companies with at least 10 employees are ranked.
Archived list for 2018, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12017: rank 1 | Uniprom Manufacturing · Nikšić | 02049520Income statement (PDF) | 8,609€ | -6.2% | 85,684,705€ | 51 |
| 22017: rank 8 | China Road & Bridge Corporation Construction · Podgorica | 03016480Income statement (PDF) | 5,494€ | +56.2% | 230,009,953€ | 1,654 |
| 32017: rank 2 | Fakultet za Pomorstvo i Turizam Bar Education · Bar | 02864096Income statement (PDF) | 5,317€ | -12.5% | 987,096€ | 10 |
| 4Not in the top 200 in 2017. | Etg Grupa Professional services · Podgorica | 02264498Income statement (PDF) | 4,941€ | +844.7% | 6,080,181€ | 78 |
| 52017: rank 4 | Kontrola Letenja Srbije i Crne Gore Smatsa D.O.O.,beograd Transport & logistics · Podgorica | 02627744Income statement (PDF) | 4,490€ | +7.6% | 6,354,081€ | 104 |
| 62017: rank 10 | Portonovi Resort Management Company Real estate · Herceg Novi | 03067637Income statement (PDF) | 3,998€ | +17.8% | 0€ | 14 |
| 72017: rank 3 | N.V.Besix S.A. Montenegro Construction · Tivat | 02945371Income statement (PDF) | 3,891€ | -17.0% | 29,736,044€ | 29 |
| 82017: rank 16 | Hoffmann - La Roche LTD Professional services · Podgorica | 02639408Income statement (PDF) | 2,967€ | +11.5% | 884,942€ | 10 |
| 92017: rank 9 | Azmont Investments Real estate · Herceg Novi | 02893126Income statement (PDF) | 2,883€ | -17.7% | 0€ | 23 |
| 102017: rank 20 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 2,691€ | +26.0% | 33,289,973€ | 88 |
| 11Not in the top 200 in 2017. | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 2,628€ | +335.1% | 3,623,542€ | 89 |
| 122017: rank 107 | KPMG Professional services · Podgorica | 02626837Income statement (PDF) | 2,402€ | +97.5% | 948,016€ | 18 |
| 132017: rank 52 | Saga CG Trade · Podgorica | 02657597Income statement (PDF) | 2,322€ | +50.1% | 2,789,328€ | 11 |
| 142017: rank 41 | Cemex Montenegro Trade · Podgorica | 02270803Income statement (PDF) | 2,239€ | +35.5% | 29,230,116€ | 10 |
| 152017: rank 37 | Pizzarotti Montenegro Construction · Herceg Novi | 03070778Income statement (PDF) | 2,148€ | +26.2% | 67,890,257€ | 120 |
| 162017: rank 23 | G3 Spirits Trade · Podgorica | 02823381Income statement (PDF) | 2,088€ | +5.1% | 2,727,787€ | 10 |
| 172017: rank 17 | Ernst & Young Montenegro Professional services · Podgorica | 02759080Income statement (PDF) | 2,078€ | -9.2% | 843,039€ | 14 |
| 18Not in the top 200 in 2017. | Balcke-Durr Energy Solutions S.P.A., Đenova Construction · Podgorica | 02918102Income statement (PDF) | 2,065€ | -28.9% | 76,734,021€ | 10 |
| 192017: rank 21 | Mol Trening Centar (evropa) Education · Herceg Novi | 02347806Income statement (PDF) | 2,046€ | +0.2% | 848,141€ | 14 |
| 20Not in the top 200 in 2017. | Montex Trade · Nikšić | 02768844Income statement (PDF) | 2,028€ | +175.5% | 184,855€ | 12 |
| 212017: rank 30 | Boka Pilot & Tug Boat Services Transport & logistics · Herceg Novi | 02370026Income statement (PDF) | 2,000€ | +8.3% | 676,263€ | 10 |
| 222017: rank 25 | One Crna Gora Technology · Podgorica | 02242974Income statement (PDF) | 1,990€ | +0.8% | 59,694,490€ | 199 |
| 232017: rank 36 | Jugopetrol Trade · Podgorica | 02013258Income statement (PDF) | 1,949€ | +14.2% | 163,835,569€ | 102 |
| 242017: rank 13 | Izbor Trade · Bar | 02003228Income statement (PDF) | 1,848€ | -41.3% | 4,893,974€ | 30 |
| 252017: rank 28 | PGS Montenegro Transport & logistics · Bar | 02293528Income statement (PDF) | 1,828€ | -1.7% | 1,762,994€ | 28 |
| 262017: rank 24 | Crnogorski Operator Tržišta Električne Energije Trade · Podgorica | 02849097Income statement (PDF) | 1,823€ | -8.0% | 619,131€ | 19 |
| 272017: rank 27 | Alkaloid Professional services · Podgorica | 02738287Income statement (PDF) | 1,823€ | -1.9% | 689,468€ | 12 |
| 282017: rank 45 | Zeta Energy Energy, water & waste · Danilovgrad | 02794624Income statement (PDF) | 1,801€ | +10.9% | 544,759€ | 21 |
| 292017: rank 18 | Ericsson Ab Štokholm Technology · Podgorica | 03014649Income statement (PDF) | 1,769€ | -22.0% | 8,876,898€ | 113 |
| 302017: rank 58 | Beteiligung 52 Otpadne Vode Budva Construction · Podgorica | 02767899Income statement (PDF) | 1,729€ | +15.1% | 2,303,564€ | 15 |
| 312017: rank 39 | Airways Aviation Academy Transport & logistics · Podgorica | 03072916Income statement (PDF) | 1,728€ | +4.2% | 9,324€ | 15 |
| 322017: rank 31 | Razvojna Banka Crne Gore Finance & insurance · Podgorica | 02217937Income statement (PDF) | 1,718€ | -6.9% | 7,786,648€ | 73 |
| 332017: rank 40 | Podravka Trade · Podgorica | 02355388Income statement (PDF) | 1,703€ | +2.7% | 7,180,510€ | 23 |
| 342017: rank 63 | Evropa Lek Pharma Professional services · Podgorica | 02773945Income statement (PDF) | 1,702€ | +17.0% | 671,172€ | 10 |
| 352017: rank 35 | Knightsbridge Schools Montenegro Education · Tivat | 02799316Income statement (PDF) | 1,696€ | -2.1% | 1,093,636€ | 29 |
| 362017: rank 59 | Kingscliffe Distribution Montenegro Transport & logistics · Zeta | 02303337Income statement (PDF) | 1,684€ | +12.6% | 1,721,119€ | 20 |
| 372017: rank 55 | Montenegro Airlines Transport & logistics · Podgorica | 02737175Income statement (PDF) | 1,680€ | +10.3% | 79,501,583€ | 388 |
| 382017: rank 84 | Regionalni Vodovod Crnogorsko Primorje Energy, water & waste · Budva | 02090198Income statement (PDF) | 1,670€ | +25.0% | 7,670,583€ | 59 |
| 392017: rank 61 | Vodacom Professional services · Tivat | 02426331Income statement (PDF) | 1,669€ | +12.9% | 460,832€ | 15 |
| 402017: rank 101 | Fakultet za Mediteranske Poslovne Studije, Tivat Education · Tivat | 02742128Income statement (PDF) | 1,650€ | +31.9% | 376,086€ | 10 |
| 412017: rank 19 | Montenegro Bonus Trade · Cetinje | 02384337Income statement (PDF) | 1,648€ | -24.3% | 12,382,716€ | 30 |
| 422017: rank 47 | Pricewaterhousecoopers Professional services · Podgorica | 02656337Income statement (PDF) | 1,638€ | +1.8% | 814,819€ | 17 |
| 432017: rank 123 | Koving Construction · Podgorica | 02302373Income statement (PDF) | 1,630€ | +46.1% | 1,049,023€ | 13 |
| 442017: rank 49 | Terna Crna Gora Energy, water & waste · Podgorica | 02845237Income statement (PDF) | 1,623€ | +4.0% | 0€ | 13 |
| 452017: rank 65 | Coremediq Technology · Podgorica | 02206951Income statement (PDF) | 1,619€ | +12.7% | 698,877€ | 23 |
| 462017: rank 34 | Crnogorski Telekom Technology · Podgorica | 02289377Income statement (PDF) | 1,617€ | -7.0% | 85,074,524€ | 548 |
| 472017: rank 86 | Vektra Montenegro Trade · Podgorica | 02049899Income statement (PDF) | 1,613€ | +21.0% | 63,018€ | 15 |
| 482017: rank 38 | Imlek Boka Manufacturing · Kotor | 02357950Income statement (PDF) | 1,602€ | -3.8% | 21,329,260€ | 42 |
| 492017: rank 51 | Payten Professional services · Podgorica | 02460033Income statement (PDF) | 1,601€ | +3.4% | 1,896,162€ | 12 |
| 502017: rank 56 | Mtel Technology · Podgorica | 02655284Income statement (PDF) | 1,593€ | +5.7% | 71,048,552€ | 308 |
Showing 1–50 · top 50 of 1,738 companies
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
This ranking contains 50 records for 2018, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is "UNIPROM" DRUŠTVO ZA PROIZVODNJU, PROMET ROBA I USLUGA,SPOLJNU TRGOVINU, USLUGE U TRANSPORTU I TURIZAM D.O.O. NIKŠIĆ; placement is determined by average monthly payroll cost per employee, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology