Montenegro companies ranked by average monthly payroll cost per employee 2020. This 2020 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 2020, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 1Not in the top 200 in 2019. | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 10,016€ | 19 |
| 22019: rank 1 | Uniprom Manufacturing · Nikšić | 02049520Income statement (PDF) | 7,382€ | -10.6% | 74,185,983€ | 80 |
| 32019: rank 13 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 4,085€ | +66.3% | 16,902,628€ | 62 |
| 42019: rank 4 | Kontrola Letenja Srbije i Crne Gore Smatsa D.O.O.,beograd Transport & logistics · Podgorica | 02627744Income statement (PDF) | 4,003€ | -13.6% | 5,398,560€ | 120 |
| 52019: rank 85 | Ina - Crna Gora Trade · Podgorica | 02305054Income statement (PDF) | 3,860€ | +179.7% | 72,537,675€ | 42 |
| 6No filing for 2019. | Barska Plovidba Transport & logistics · Bar | 02324784Income statement (PDF) | 3,770€ | No filing for 2019. | 8,229,850€ | 45 |
| 72019: rank 18 | Hoffmann - La Roche LTD Professional services · Podgorica | 02639408Income statement (PDF) | 3,642€ | +70.6% | 952,371€ | 10 |
| 82019: rank 6 | N.V.Besix S.A. Montenegro Construction · Tivat | 02945371Income statement (PDF) | 3,552€ | -8.2% | 12,514,480€ | 22 |
| 92019: rank 7 | China Road & Bridge Corporation Construction · Podgorica | 03016480Income statement (PDF) | 3,434€ | +8.3% | 98,563,222€ | 993 |
| 102019: rank 10 | Azmont Investments Real estate · Herceg Novi | 02893126Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 6,257,280€ | 31 |
| 11Not in the top 200 in 2019. | Plus Trade · Podgorica | 03024938Income statement (PDF) | 3,043€ | +292.1% | 26,172,503€ | 10 |
| 122019: rank 55 | Datum Solutions Technology · Podgorica | 03073572Income statement (PDF) | 2,815€ | +77.6% | 1,045,974€ | 23 |
| 132019: rank 9 | Portonovi Resort Management Company Real estate · Herceg Novi | 03067637Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 236,504€ | 28 |
| 142019: rank 15 | Teknoxgroup Crna Gora Trade · Danilovgrad | 02312450Income statement (PDF) | 2,664€ | +16.6% | 3,086,561€ | 10 |
| 15Not in the top 200 in 2019. | Euromont Šped Transport & logistics · Podgorica | 02908484Income statement (PDF) | 2,585€ | +718.0% | 2,029,231€ | 16 |
| 162019: rank 40 | Ericsson Ab Štokholm Technology · Podgorica | 03014649Income statement (PDF) | 2,581€ | +46.1% | 8,080,425€ | 94 |
| 172019: rank 37 | Ernst & Young Montenegro Professional services · Podgorica | 02759080Income statement (PDF) | 2,537€ | +39.5% | 1,041,993€ | 15 |
| 182019: rank 97 | Građevinski Nadzor i Laboratorijska Ispitivanja Professional services · Podgorica | 02013746Income statement (PDF) | 2,527€ | +91.7% | 1,860,010€ | 21 |
| 19Not in the top 200 in 2019. | Zeković Company Construction · Žabljak | 02812304Income statement (PDF) | 2,510€ | +368.3% | 2,092,266€ | 16 |
| 202019: rank 25 | Alkaloid Professional services · Podgorica | 02738287Income statement (PDF) | 2,494€ | +28.3% | 739,812€ | 12 |
| 212019: rank 70 | Panto Distribucija Trade · Podgorica | 02859009Income statement (PDF) | 2,494€ | +66.8% | 3,718,489€ | 11 |
| 222019: rank 26 | Fudbalski Klub Budućnost Arts & entertainment · Podgorica | 02707306Income statement (PDF) | 2,490€ | +30.1% | 3,262,056€ | 55 |
| 232019: rank 30 | Kodio Technology · Podgorica | 03191451Income statement (PDF) | 2,475€ | +30.8% | 8,830,366€ | 15 |
| 24Not in the top 200 in 2019. | Fakultet za Poslovni Menadžment Education · Bar | 02425769Income statement (PDF) | 2,474€ | +210.0% | 890,905€ | 14 |
| 252019: rank 5 | Fakultet za Pomorstvo i Turizam Bar Education · Bar | 02864096Income statement (PDF) | 2,429€ | -38.7% | 814,815€ | 14 |
| 26Not in the top 200 in 2019. | Codra Health & social care · Podgorica | 02340208Income statement (PDF) | 2,395€ | +176.2% | 8,649,332€ | 103 |
| 272019: rank 92 | Axians - Crna Gora Technology · Podgorica | 02358514Income statement (PDF) | 2,389€ | +77.1% | 2,610,893€ | 14 |
| 282019: rank 50 | Montenegro Bonus Trade · Cetinje | 02384337Income statement (PDF) | 2,377€ | +45.8% | 10,336,949€ | 27 |
| 292019: rank 27 | Jugopetrol Trade · Podgorica | 02013258Income statement (PDF) | 2,349€ | +23.1% | 84,793,713€ | 98 |
| 302019: rank 28 | Razvojna Banka Crne Gore Finance & insurance · Podgorica | 02217937Income statement (PDF) | 2,345€ | +23.4% | 12,398,422€ | 82 |
| 312019: rank 22 | Rudo Montenegro Manufacturing · Podgorica | 02691671Income statement (PDF) | 2,330€ | +15.0% | 1,867,164€ | 15 |
| 32Not in the top 200 in 2019. | Villa Geba Management Hospitality · Budva | 03251691Income statement (PDF) | 2,322€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 379,283€ | 18 |
| 33Not in the top 200 in 2019. | B & G Trans Društvo za Prevoz, Trgovinu i Usluge Transport & logistics · Nikšić | 02394693Income statement (PDF) | 2,319€ | +266.9% | 839,956€ | 13 |
| 342019: rank 53 | Manda Transport & logistics · Nikšić | 02791412Income statement (PDF) | 2,312€ | +44.6% | 7,896,986€ | 26 |
| 352019: rank 138 | Fakultet za Poslovnu Ekonomiju i Pravo Education · Bar | 02742969Income statement (PDF) | 2,291€ | +101.9% | 567,360€ | 11 |
| 362019: rank 19 | PGS Montenegro Transport & logistics · Bar | 02293528Income statement (PDF) | 2,285€ | +9.2% | 1,600,105€ | 29 |
| 372019: rank 36 | One Crna Gora Technology · Podgorica | 02242974Income statement (PDF) | 2,281€ | +24.8% | 45,758,713€ | 264 |
| 382019: rank 17 | Mol Trening Centar (evropa) Education · Herceg Novi | 02347806Income statement (PDF) | 2,258€ | +3.9% | 497,014€ | 12 |
| 392019: rank 48 | Terna Crna Gora Energy, water & waste · Podgorica | 02845237Income statement (PDF) | 2,224€ | +35.3% | 10,587,175€ | 17 |
| 402019: rank 14 | Pizzarotti Montenegro Construction · Herceg Novi | 03070778Income statement (PDF) | 2,222€ | -3.3% | 50,026,240€ | 135 |
| 412019: rank 100 | Adriatic Marinas Arts & entertainment · Tivat | 02467593Income statement (PDF) | 2,210€ | +68.8% | 23,810,901€ | 223 |
| 422019: rank 44 | Fakultet za Mediteranske Poslovne Studije, Tivat Education · Tivat | 02742128Income statement (PDF) | 2,207€ | +27.9% | 437,101€ | 10 |
| 432019: rank 79 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 121,784€ | 22 |
| 442019: rank 23 | Evropa Lek Pharma Professional services · Podgorica | 02773945Income statement (PDF) | 2,176€ | +9.8% | 713,140€ | 10 |
| 45Not in the top 200 in 2019. | Porsche Leasing Finance & insurance · Podgorica | 02694638Income statement (PDF) | 2,174€ | +19.1% | 2,140,384€ | 10 |
| 462019: rank 33 | Payten Professional services · Podgorica | 02460033Income statement (PDF) | 2,170€ | +15.8% | 2,045,790€ | 12 |
| 472019: rank 29 | Podravka Trade · Podgorica | 02355388Income statement (PDF) | 2,158€ | +13.8% | 7,371,484€ | 25 |
| 482019: rank 56 | Comtrade Distribution Trade · Podgorica | 02297248Income statement (PDF) | 2,153€ | +36.7% | 18,548,635€ | 25 |
| 492019: rank 46 | Pricewaterhousecoopers Professional services · Podgorica | 02656337Income statement (PDF) | 2,151€ | +29.1% | 1,280,668€ | 15 |
| 50Not in the top 200 in 2019. | Coca-Cola Hellenic Bottling Company-Crna Gora Trade · Podgorica | 02303213Income statement (PDF) | 2,150€ | +124.4% | 19,622,521€ | 22 |
Showing 1–50 · top 50 of 1,856 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 2020, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is D.O.O. "PORTONOVI HOSPITALITY MANAGEMENT COMPANY" HERCEG NOVI; 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