Montenegro companies ranked by average monthly payroll cost per employee 2021. This 2021 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 2021, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12020: rank 9 | China Road & Bridge Corporation Construction · Podgorica | 03016480Income statement (PDF) | 4,649€ | +35.4% | 96,458,612€ | 584 |
| 22020: rank 6 | Barska Plovidba Transport & logistics · Bar | 02324784Income statement (PDF) | 4,256€ | +12.9% | 5,781,469€ | 39 |
| 32020: rank 2 | Uniprom Manufacturing · Nikšić | 02049520Income statement (PDF) | 4,186€ | -43.3% | 117,007,597€ | 113 |
| 42020: rank 10 | Azmont Investments Real estate · Herceg Novi | 02893126Income statement (PDF) | — | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 2,762,572€ | 31 |
| 52020: rank 11 | Plus Trade · Podgorica | 03024938Income statement (PDF) | 3,767€ | +23.8% | 40,863,390€ | 10 |
| 62020: rank 4 | Kontrola Letenja Srbije i Crne Gore Smatsa D.O.O.,beograd Transport & logistics · Podgorica | 02627744Income statement (PDF) | 3,744€ | -6.5% | 6,041,600€ | 120 |
| 72020: rank 55 | Institut za Razvoj i Istraživanja u Oblasti Zaštite na Radu-Podgorica Professional services · Podgorica | 02333643Income statement (PDF) | 3,703€ | +76.5% | 615,905€ | 22 |
| 8Not in the top 200 in 2020. | Insomnia Construction Construction · Budva | 03295877Income statement (PDF) | 3,605€ | +205.2% | 1,673,609€ | 22 |
| 92020: rank 3 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 3,510€ | -14.1% | 32,337,260€ | 70 |
| 102020: rank 8 | N.V.Besix S.A. Montenegro Construction · Tivat | 02945371Income statement (PDF) | 3,274€ | -7.8% | 11,101,543€ | 22 |
| 112020: rank 15 | Euromont Šped Transport & logistics · Podgorica | 02908484Income statement (PDF) | 3,219€ | +24.5% | 2,520,726€ | 16 |
| 122020: rank 12 | Datum Solutions Technology · Podgorica | 03073572Income statement (PDF) | 2,988€ | +6.1% | 1,101,585€ | 24 |
| 132020: rank 42 | Fakultet za Mediteranske Poslovne Studije, Tivat Education · Tivat | 02742128Income statement (PDF) | 2,978€ | +34.9% | 453,139€ | 10 |
| 142020: rank 33 | B & G Trans Društvo za Prevoz, Trgovinu i Usluge Transport & logistics · Nikšić | 02394693Income statement (PDF) | 2,764€ | +19.2% | 1,093,903€ | 11 |
| 152020: rank 25 | Fakultet za Pomorstvo i Turizam Bar Education · Bar | 02864096Income statement (PDF) | 2,716€ | +11.8% | 847,626€ | 14 |
| 162020: rank 19 | Zeković Company Construction · Žabljak | 02812304Income statement (PDF) | 2,672€ | +6.5% | 1,685,145€ | 16 |
| 17Not in the top 200 in 2020. | Alumontaža-Company Construction · Podgorica | 03308600Income statement (PDF) | 2,657€ | -82.3% | 479,228€ | 12 |
| 182020: rank 106 | HTL Montenegro Administrative services · Podgorica | 02692295Income statement (PDF) | 2,625€ | +63.4% | 3,500,881€ | 10 |
| 192020: rank 49 | Pricewaterhousecoopers Professional services · Podgorica | 02656337Income statement (PDF) | 2,593€ | +20.5% | 1,445,277€ | 15 |
| 202020: rank 35 | Fakultet za Poslovnu Ekonomiju i Pravo Education · Bar | 02742969Income statement (PDF) | 2,581€ | +12.7% | 652,568€ | 11 |
| 212020: rank 65 | Regionalni Ronilački Centar za Podvodno Deminiranje i Obuku Ronilaca Education · Podgorica | 02361388Income statement (PDF) | 2,570€ | +31.3% | 522,937€ | 13 |
| 22Not in the top 200 in 2020. | Omorika Montenegro Professional services · Herceg Novi | 03066452Income statement (PDF) | 2,561€ | +244.7% | 4,684,141€ | 18 |
| 232020: rank 17 | Ernst & Young Montenegro Professional services · Podgorica | 02759080Income statement (PDF) | 2,552€ | +0.6% | 1,202,889€ | 16 |
| 242020: rank 29 | Jugopetrol Trade · Podgorica | 02013258Income statement (PDF) | 2,539€ | +8.1% | 150,978,658€ | 99 |
| 252020: rank 26 | Codra Health & social care · Podgorica | 02340208Income statement (PDF) | 2,516€ | +5.1% | 9,626,480€ | 124 |
| 262020: rank 39 | Terna Crna Gora Energy, water & waste · Podgorica | 02845237Income statement (PDF) | 2,505€ | +12.6% | 15,970,448€ | 15 |
| 272020: rank 18 | Građevinski Nadzor i Laboratorijska Ispitivanja Professional services · Podgorica | 02013746Income statement (PDF) | 2,492€ | -1.4% | 2,083,536€ | 20 |
| 282020: rank 75 | Zeta Energy Energy, water & waste · Danilovgrad | 02794624Income statement (PDF) | 2,486€ | +35.3% | 536,805€ | 18 |
| 292020: rank 32 | Villa Geba Management Hospitality · Budva | 03251691Income statement (PDF) | 2,464€ | +6.1% | 834,191€ | 23 |
| 302020: rank 16 | Ericsson Ab Štokholm Technology · Podgorica | 03014649Income statement (PDF) | 2,463€ | -4.6% | 7,309,374€ | 93 |
| 312020: rank 27 | Axians - Crna Gora Technology · Podgorica | 02358514Income statement (PDF) | 2,462€ | +3.1% | 2,870,178€ | 14 |
| 322020: rank 44 | Evropa Lek Pharma Professional services · Podgorica | 02773945Income statement (PDF) | 2,437€ | +12.0% | 794,793€ | 10 |
| 332020: rank 50 | Coca-Cola Hellenic Bottling Company-Crna Gora Trade · Podgorica | 02303213Income statement (PDF) | 2,384€ | +10.9% | 27,567,388€ | 22 |
| 342020: rank 60 | Montenegro Defence Industry Trade · Podgorica | 02236575Income statement (PDF) | 2,384€ | +17.0% | 3,815,897€ | 17 |
| 352020: rank 40 | Pizzarotti Montenegro Construction · Herceg Novi | 03070778Income statement (PDF) | 2,361€ | +6.3% | 2,817,678€ | 66 |
| 36Not in the top 200 in 2020. | LB Town Management Administrative services · Tivat | 03327299Income statement (PDF) | — | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 122,396€ | 30 |
| 372020: rank 41 | Adriatic Marinas Arts & entertainment · Tivat | 02467593Income statement (PDF) | 2,343€ | +6.0% | 35,267,901€ | 235 |
| 382020: rank 24 | Fakultet za Poslovni Menadžment Education · Bar | 02425769Income statement (PDF) | 2,332€ | -5.7% | 971,839€ | 14 |
| 39Not in the top 200 in 2020. | Lange Bau - Technik Construction · Podgorica | 02742853Income statement (PDF) | 2,330€ | +411.0% | 2,280,213€ | 19 |
| 402020: rank 38 | Mol Trening Centar (evropa) Education · Herceg Novi | 02347806Income statement (PDF) | 2,320€ | +2.7% | 694,846€ | 12 |
| 412020: rank 14 | Teknoxgroup Crna Gora Trade · Danilovgrad | 02312450Income statement (PDF) | 2,311€ | -13.3% | 2,362,143€ | 11 |
| 42Not in the top 200 in 2020. | B.L. Harbert International L.L.C Construction · Podgorica | 03314596Income statement (PDF) | 2,265€ | +244.7% | 3,826,099€ | 59 |
| 432020: rank 53 | Institut za Građevinarstvo Professional services · Podgorica | 02743523Income statement (PDF) | 2,258€ | +7.3% | 914,840€ | 17 |
| 44Not in the top 200 in 2020. | Sistem - Mne Professional services · Podgorica | 02919460Income statement (PDF) | 2,238€ | +21.2% | 997,240€ | 10 |
| 45Not in the top 200 in 2020. | VM - Plan 3 Construction · Nikšić | 03294846Income statement (PDF) | 2,238€ | +71.8% | 820,752€ | 10 |
| 462020: rank 165 | Parmos Construction · Podgorica | 02102552Income statement (PDF) | 2,236€ | +68.5% | 2,124,573€ | 12 |
| 47Not in the top 200 in 2020. | Intellize Mont Construction · Podgorica | 03273016Income statement (PDF) | 2,213€ | +346.2% | 7,624,529€ | 190 |
| 482020: rank 93 | Bencom Professional services · Herceg Novi | 02199653Income statement (PDF) | 2,203€ | +30.2% | 1,484,452€ | 15 |
| 492020: rank 67 | Wurth Trade · Podgorica | 02672197Income statement (PDF) | 2,188€ | +13.7% | 2,304,337€ | 18 |
| 502020: rank 20 | Alkaloid Professional services · Podgorica | 02738287Income statement (PDF) | 2,186€ | -12.3% | 749,217€ | 13 |
Showing 1–50 · top 50 of 1,931 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 2021, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is CHINA ROAD & BRIDGE CORPORATION D.O.O. PEKING, NR KINA - DIO STRANOG DRUŠTVA PODGORICA; 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