Companies in Budva ranked by average monthly payroll cost per employee 2019. This 2019 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 2019, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12018: rank 42 | Mediterancapital Hospitality · Budva | 03158594Income statement (PDF) | 6,529€ | +1,080.7% | 1,098,004€ | 10 |
| 22018: rank 3 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 1,958€ | +35.0% | 4,293,190€ | 16 |
| 32018: rank 1 | Regionalni Vodovod Crnogorsko Primorje Energy, water & waste · Budva | 02090198Income statement (PDF) | 1,883€ | +12.8% | 6,716,823€ | 68 |
| 4Not in the top 200 in 2018. | Stratex Management Real estate · Budva | 02978229Income statement (PDF) | 1,610€ | +59.9% | 1,964,553€ | 19 |
| 52018: rank 2 | Messer Tehnogas Manufacturing · Budva | 02670208Income statement (PDF) | 1,606€ | +4.8% | 1,954,764€ | 19 |
| 62018: rank 7 | Aquaterra Solutions Arts & entertainment · Budva | 02970520Income statement (PDF) | 1,530€ | +25.3% | 1,136,406€ | 10 |
| 72018: rank 17 | Parking Servis Budva Transport & logistics · Budva | 02382784Income statement (PDF) | 1,426€ | +50.7% | 2,226,678€ | 88 |
| 82018: rank 5 | Jadranski Sajam Administrative services · Budva | 02005514Income statement (PDF) | 1,399€ | +1.7% | 637,193€ | 11 |
| 92018: rank 14 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 1,311€ | +32.0% | 4,757,245€ | 79 |
| 102018: rank 6 | Pogrebne Usluge Personal services · Budva | 02643707Income statement (PDF) | 1,292€ | +5.0% | 355,725€ | 14 |
| 112018: rank 11 | Dukley Marina Arts & entertainment · Budva | 02349523Income statement (PDF) | 1,256€ | +11.5% | 1,089,927€ | 18 |
| 12Not in the top 200 in 2018. | Suntime Hospitality · Budva | 02632934Income statement (PDF) | 1,178€ | +126.5% | 219,459€ | 10 |
| 132018: rank 9 | Budva Plaza Servis Administrative services · Budva | 02793504Income statement (PDF) | 1,147€ | -4.9% | 469,130€ | 14 |
| 142018: rank 4 | Astra Montenegro Investment Association Construction · Budva | 02772426Income statement (PDF) | 1,127€ | -20.4% | 707,478€ | 19 |
| 152018: rank 12 | Kompas Montenegro Administrative services · Budva | 02321688Income statement (PDF) | 1,120€ | +0.6% | 11,046,569€ | 17 |
| 16Not in the top 200 in 2018. | Adria o Zone Hospitality · Budva | 02645947Income statement (PDF) | 1,095€ | -74.0% | 1,031,767€ | 20 |
| 172018: rank 8 | Mediteran Reklame Professional services · Budva | 02380463Income statement (PDF) | 1,085€ | -11.1% | 955,223€ | 28 |
| 182018: rank 10 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 1,033€ | -13.3% | 12,178,462€ | 118 |
| 192018: rank 28 | Talas-M Administrative services · Budva | 02327023Income statement (PDF) | 987€ | +26.9% | 823,093€ | 20 |
| 202018: rank 75 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 983€ | +147.0% | 1,895,270€ | 46 |
| 212018: rank 19 | Atena - Bohor Construction · Budva | 02297191Income statement (PDF) | 982€ | +8.4% | 6,021,716€ | 44 |
| 222018: rank 16 | Vodovod i Kanalizacija Energy, water & waste · Budva | 02005573Income statement (PDF) | 975€ | +1.8% | 7,311,534€ | 242 |
| 232018: rank 15 | Komunalno Energy, water & waste · Budva | 02005719Income statement (PDF) | 955€ | -0.6% | 5,257,499€ | 168 |
| 242018: rank 26 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 953€ | +18.5% | 13,782,194€ | 233 |
| 252018: rank 13 | Maestral Hotels and Casinos Arts & entertainment · Budva | 02343029Income statement (PDF) | 944€ | -7.6% | 20,307,007€ | 377 |
| 262018: rank 24 | Mediteranski Sportski Centar Arts & entertainment · Budva | 02241358Income statement (PDF) | 887€ | +8.7% | 540,353€ | 35 |
| 272018: rank 22 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 847€ | +3.0% | 20,370,165€ | 619 |
| 282018: rank 48 | Pure Angel Hospitality · Budva | 03035115Income statement (PDF) | 835€ | +65.0% | 747,854€ | 27 |
| 292018: rank 20 | Adriatic Yachting Services Transport & logistics · Budva | 02847973Income statement (PDF) | 832€ | -3.6% | 594,479€ | 16 |
| 302018: rank 23 | Akademija Znanja Real estate · Budva | 02764121Income statement (PDF) | 809€ | -1.0% | 284,248€ | 12 |
| 312018: rank 27 | Radio Televizija Budva Arts & entertainment · Budva | 02005492Income statement (PDF) | 809€ | +3.3% | 1,013,484€ | 54 |
| 322018: rank 29 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 792€ | +7.2% | 21,556,932€ | 599 |
| 332018: rank 21 | Jamb Administrative services · Budva | 02128462Income statement (PDF) | 752€ | -9.2% | 1,390,245€ | 34 |
| 34Not in the top 200 in 2018. | Milmedika Health & social care · Budva | 02983613Income statement (PDF) | 747€ | -16.3% | 666,722€ | 11 |
| 352018: rank 31 | Sportsko Rekreativni Centar Budva Arts & entertainment · Budva | 02413388Income statement (PDF) | 724€ | -0.7% | 610,282€ | 39 |
| 362018: rank 34 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 696€ | +6.4% | 14,558,435€ | 210 |
| 372018: rank 32 | Megapromet Trade · Budva | 02365928Income statement (PDF) | 686€ | -0.9% | 32,996,375€ | 308 |
| 382018: rank 18 | Toeris Montenegro Real estate · Budva | 03055680Income statement (PDF) | 681€ | -27.2% | 250,000€ | 25 |
| 392018: rank 38 | Biblio Globus Administrative services · Budva | 03016277Income statement (PDF) | 666€ | +12.1% | 6,955,492€ | 12 |
| 402018: rank 30 | Lovćen Film Arts & entertainment · Budva | 02966964Income statement (PDF) | 666€ | -9.5% | 639,628€ | 11 |
| 41Not in the top 200 in 2018. | Fontana Centar Hospitality · Budva | 03161617Income statement (PDF) | 647€ | +27.4% | 739,862€ | 38 |
| 422018: rank 25 | WTWS Construction · Budva | 02673436Income statement (PDF) | 630€ | -21.7% | 1,747,805€ | 17 |
| 43Not in the top 200 in 2018. | Kairos Hospitality · Budva | 02408309Income statement (PDF) | 615€ | +55.7% | 1,188,192€ | 12 |
| 442018: rank 45 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 615€ | +13.3% | 1,908,674€ | 25 |
| 452018: rank 83 | Mediteran Express Transport & logistics · Budva | 02851890Income statement (PDF) | 613€ | +78.2% | 1,524,957€ | 38 |
| 462018: rank 40 | Šebelj Hospitality · Budva | 02370204Income statement (PDF) | 610€ | +8.2% | 254,011€ | 10 |
| 472018: rank 44 | Yes Event Professional services · Budva | 02416174Income statement (PDF) | 603€ | +10.4% | 1,802,789€ | 13 |
| 482018: rank 35 | Kobra Manufacturing · Budva | 02378124Income statement (PDF) | 595€ | -8.6% | 630,281€ | 14 |
| 49Not in the top 200 in 2018. | Edu Hub Education · Budva | 02979691Income statement (PDF) | 592€ | +1.0% | 254,854€ | 17 |
| 502018: rank 55 | Electro Team Construction · Budva | 02744643Income statement (PDF) | 589€ | +22.2% | 4,656,554€ | 134 |
Showing 1–50 · top 50 of 160 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 2019, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is DRUŠTVO ZA USLUGE "MEDITERANCAPITAL" D.O.O. BUDVA; 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