Montenegro companies ranked by average monthly payroll cost per employee 2024. This 2024 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 2024, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12023: rank 19 | Art Gradnja Bar Construction · Bar | 02812398Income statement (PDF) | 9,994€ | +158.4% | 3,051,241€ | 10 |
| 22023: rank 3 | Azmont Investments Real estate · Herceg Novi | 02893126Income statement (PDF) | 8,247€ | +25.7% | 51,319,127€ | 17 |
| 32023: rank 2 | Linux Development Technology · Budva | 03421252Income statement (PDF) | 7,216€ | +3.8% | 2,006,400€ | 23 |
| 42023: rank 8 | Noblewood Market Trade · Tivat | 03514889Income statement (PDF) | 6,799€ | +23.7% | 4,746,775€ | 38 |
| 52023: rank 6 | Kontrola Letenja Srbije i Crne Gore Smatsa D.O.O.,beograd Transport & logistics · Podgorica | 02627744Income statement (PDF) | 6,126€ | +7.3% | 8,244,455€ | 102 |
| 62023: rank 5 | Barska Plovidba Transport & logistics · Bar | 02324784Income statement (PDF) | 6,094€ | +5.9% | 7,977,081€ | 33 |
| 72023: rank 13 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 5,949€ | +32.5% | 79,955,659€ | 118 |
| 8Not in the top 200 in 2023. | Anasaea Technology · Tivat | 03504409Income statement (PDF) | 5,635€ | +27.4% | 758,825€ | 10 |
| 92023: rank 174 | Zeta-Mine Mining · Nikšić | 03267458Income statement (PDF) | 5,247€ | +171.4% | 10,975,082€ | 62 |
| 102023: rank 7 | Belka Games Me Technology · Budva | 03418545Income statement (PDF) | 5,153€ | -9.7% | 3,241,472€ | 46 |
| 112023: rank 23 | Perspektif Yapi Insaat Sanayi Ve Ticaret Anonim Sirketi Construction · Podgorica | 03482219Income statement (PDF) | 5,058€ | +38.5% | 22,571,951€ | 177 |
| 122023: rank 27 | Poliklinika Milmedika Health & social care · Nikšić | 03457036Income statement (PDF) | 4,783€ | +34.0% | 2,145,526€ | 24 |
| 132023: rank 35 | Glovo Montenegro Trade · Podgorica | 03351475Income statement (PDF) | 4,369€ | +27.1% | 7,462,573€ | 23 |
| 142023: rank 14 | Top Hill Hospitality · Budva | 02786818Income statement (PDF) | 4,357€ | +0.8% | 1,621,598€ | 12 |
| 152023: rank 20 | N.V.Besix S.A. Montenegro Construction · Tivat | 02945371Income statement (PDF) | 4,332€ | +13.8% | 21,660,734€ | 31 |
| 162023: rank 38 | HTL Devco Technology · Podgorica | 03421180Income statement (PDF) | 4,313€ | +28.7% | 1,459,749€ | 25 |
| 172023: rank 45 | The Headhunter Montenegro Professional services · Podgorica | 02967880Income statement (PDF) | 4,233€ | +34.6% | 1,446,091€ | 23 |
| 182023: rank 33 | Playrix Montenegro Technology · Podgorica | 03489159Income statement (PDF) | 4,224€ | +21.5% | 4,933,497€ | 83 |
| 192023: rank 12 | Lidl Crna Gora Real estate · Podgorica | 03348202Income statement (PDF) | 4,147€ | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 1,023€ | 11 |
| 202023: rank 24 | Hemofarm Trade · Podgorica | 02625288Income statement (PDF) | 4,118€ | +13.0% | 1,300,000€ | 10 |
| 212023: rank 17 | Hoffmann - La Roche LTD Professional services · Podgorica | 02639408Income statement (PDF) | 4,051€ | +2.6% | 1,087,445€ | 10 |
| 222023: rank 44 | Coca-Cola Hellenic Bottling Company-Crna Gora Trade · Podgorica | 02303213Income statement (PDF) | 4,036€ | +24.0% | 49,928,452€ | 25 |
| 23Not in the top 200 in 2023. | Gajeta Hospitality · Budva | 03091201Income statement (PDF) | 3,899€ | +35.3% | 274,190€ | 10 |
| 242023: rank 16 | Turk Hava Yollari Transport & logistics · Podgorica | 02794969Income statement (PDF) | 3,890€ | -5.6% | 2,555,441€ | 14 |
| 252023: rank 31 | Epam Systems Montenegro Technology · Podgorica | 03381447Income statement (PDF) | 3,886€ | +9.8% | 14,787,221€ | 268 |
| 26Not in the top 200 in 2023. | Montenegro Cruising Transport & logistics · Budva | 02447525Income statement (PDF) | 3,869€ | -58.3% | 912,462€ | 10 |
| 27Not in the top 200 in 2023. | Xexperience Transport & logistics · Podgorica | 03410021Income statement (PDF) | 3,838€ | +52.8% | 10,719,231€ | 10 |
| 282023: rank 15 | Ooblee Technology · Podgorica | 03216446Income statement (PDF) | 3,814€ | -7.8% | 418,662€ | 11 |
| 292023: rank 29 | G5 Entertainment Technology · Podgorica | 03421198Income statement (PDF) | 3,758€ | +5.4% | 3,414,205€ | 69 |
| 30Not in the top 200 in 2023. | Permonte Professional services · Podgorica | 02695154Income statement (PDF) | 3,750€ | -29.9% | 13,900,399€ | 13 |
| 312023: rank 10 | Assaia Development Trade · Podgorica | 03414329Income statement (PDF) | 3,723€ | -19.8% | 1,937,069€ | 38 |
| 322023: rank 28 | Axians - Crna Gora Technology · Podgorica | 02358514Income statement (PDF) | 3,712€ | +4.1% | 1,799,985€ | 14 |
| 332023: rank 25 | Tungsten Montenegro Technology · Podgorica | 03428184Income statement (PDF) | 3,677€ | +1.2% | 6,496,647€ | 120 |
| 342023: rank 30 | Zeta Energy Energy, water & waste · Danilovgrad | 02794624Income statement (PDF) | 3,668€ | +3.4% | 2,349,586€ | 14 |
| 35Not in the top 200 in 2023. | Hasber Construction Construction · Budva | 03305538Income statement (PDF) | 3,654€ | +107.7% | 1,143,406€ | 15 |
| 362023: rank 26 | HRS Technologies Education · Budva | 03415775Income statement (PDF) | 3,621€ | -0.2% | 786,222€ | 15 |
| 372023: rank 22 | Terna Crna Gora Energy, water & waste · Podgorica | 02845237Income statement (PDF) | 3,572€ | -3.1% | 18,347,131€ | 13 |
| 382023: rank 50 | Adriatic Marinas Arts & entertainment · Tivat | 02467593Income statement (PDF) | 3,538€ | +18.0% | 43,423,457€ | 265 |
| 392023: rank 41 | Datum Solutions Technology · Podgorica | 03073572Income statement (PDF) | 3,534€ | +7.7% | 1,368,904€ | 26 |
| 402023: rank 36 | Fakultet za Pomorstvo i Turizam Bar Education · Bar | 02864096Income statement (PDF) | 3,442€ | +2.4% | 978,983€ | 12 |
| 412023: rank 72 | Comtrade Distribution Trade · Podgorica | 02297248Income statement (PDF) | 3,421€ | +34.4% | 33,368,944€ | 29 |
| 42Not in the top 200 in 2023. | Fond za Inovacije Crne Gore Finance & insurance · Podgorica | 03382052Income statement (PDF) | 3,400€ | +7.6% | 2,874,199€ | 10 |
| 432023: rank 106 | HR Partners Professional services · Podgorica | 02928728Income statement (PDF) | 3,306€ | +48.7% | 1,065,742€ | 15 |
| 442023: rank 47 | Mol Trening Centar (evropa) Education · Herceg Novi | 02347806Income statement (PDF) | 3,232€ | +5.7% | 1,041,595€ | 11 |
| 452023: rank 184 | Big Mne Real estate · Podgorica | 03288404Income statement (PDF) | 3,187€ | +68.4% | 1,140,008€ | 10 |
| 462023: rank 42 | Capvidia MN Technology · Podgorica | 03421651Income statement (PDF) | 3,127€ | -4.5% | 953,660€ | 22 |
| 472023: rank 58 | Plus Trade · Podgorica | 03024938Income statement (PDF) | 3,125€ | +13.3% | 86,938,286€ | 22 |
| 482023: rank 55 | B & G Trans Društvo za Prevoz, Trgovinu i Usluge Transport & logistics · Nikšić | 02394693Income statement (PDF) | 3,062€ | +6.8% | 1,324,720€ | 12 |
| 49Not in the top 200 in 2023. | Ohm Mamula Montenegro Hospitality · Tivat | 03095924Income statement (PDF) | 3,047€ | +95.4% | 1,585,176€ | 11 |
| 502023: rank 86 | Kodio Technology · Podgorica | 03191451Income statement (PDF) | 3,031€ | +28.1% | 2,451,655€ | 31 |
Showing 1–50 · top 50 of 2,493 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 2024, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is DRUŠTVO ZA PROMET, USLUGE I GRAĐEVINARSTVO "ART GRADNJA BAR" D.O.O. BAR; 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