Companies in Budva 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. | 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 |
| 22019: rank 5 | Messer Tehnogas Manufacturing · Budva | 02670208Income statement (PDF) | 2,119€ | +31.9% | 2,276,793€ | 18 |
| 32019: rank 3 | Regionalni Vodovod Crnogorsko Primorje Energy, water & waste · Budva | 02090198Income statement (PDF) | 1,803€ | -4.2% | 5,935,335€ | 73 |
| 42019: rank 8 | Jadranski Sajam Administrative services · Budva | 02005514Income statement (PDF) | 1,791€ | +28.0% | 160,736€ | 11 |
| 52019: rank 34 | Milmedika Health & social care · Budva | 02983613Income statement (PDF) | 1,464€ | +96.0% | 766,208€ | 12 |
| 62019: rank 4 | Stratex Management Real estate · Budva | 02978229Income statement (PDF) | 1,458€ | -9.4% | 2,001,170€ | 27 |
| 72019: rank 15 | Kompas Montenegro Administrative services · Budva | 02321688Income statement (PDF) | 1,378€ | +23.0% | 245,602€ | 14 |
| 82019: rank 21 | Atena - Bohor Construction · Budva | 02297191Income statement (PDF) | 1,271€ | +29.4% | 4,374,133€ | 38 |
| 92019: rank 13 | Budva Plaza Servis Administrative services · Budva | 02793504Income statement (PDF) | 1,261€ | +9.9% | 339,689€ | 13 |
| 102019: rank 17 | Mediteran Reklame Professional services · Budva | 02380463Income statement (PDF) | 1,259€ | +16.0% | 466,561€ | 29 |
| 112019: rank 23 | Komunalno Energy, water & waste · Budva | 02005719Income statement (PDF) | 1,185€ | +24.1% | 3,633,205€ | 166 |
| 12No filing for 2019. | Insomnia Construction Construction · Budva | 03295877Income statement (PDF) | 1,181€ | No filing for 2019. | 972,338€ | 40 |
| 132019: rank 64 | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 1,175€ | +137.9% | 188,023€ | 10 |
| 142019: rank 22 | Vodovod i Kanalizacija Energy, water & waste · Budva | 02005573Income statement (PDF) | 1,170€ | +20.0% | 5,315,485€ | 237 |
| 152019: rank 20 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 1,139€ | +15.9% | 405,905€ | 22 |
| 162019: rank 11 | Dukley Marina Arts & entertainment · Budva | 02349523Income statement (PDF) | 1,134€ | -9.7% | 776,660€ | 16 |
| 172019: rank 50 | Electro Team Construction · Budva | 02744643Income statement (PDF) | 1,125€ | +91.0% | 16,609,098€ | 145 |
| 182019: rank 10 | Pogrebne Usluge Personal services · Budva | 02643707Income statement (PDF) | 1,090€ | -15.6% | 342,935€ | 14 |
| 192019: rank 27 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 1,089€ | +28.6% | 8,074,087€ | 459 |
| 202019: rank 31 | Radio Televizija Budva Arts & entertainment · Budva | 02005492Income statement (PDF) | 1,048€ | +29.5% | 937,922€ | 55 |
| 212019: rank 26 | Mediteranski Sportski Centar Arts & entertainment · Budva | 02241358Income statement (PDF) | 1,009€ | +13.8% | 573,024€ | 37 |
| 222019: rank 157 | Bim Security Administrative services · Budva | 02895773Income statement (PDF) | 1,002€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 229,915€ | 12 |
| 232019: rank 24 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 995€ | +4.4% | 3,400,654€ | 133 |
| 242019: rank 7 | Parking Servis Budva Transport & logistics · Budva | 02382784Income statement (PDF) | 983€ | -31.1% | 897,202€ | 90 |
| 252019: rank 32 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 970€ | +22.5% | 2,963,561€ | 412 |
| 262019: rank 25 | Maestral Hotels and Casinos Arts & entertainment · Budva | 02343029Income statement (PDF) | 962€ | +1.9% | 7,941,636€ | 332 |
| 272019: rank 30 | Akademija Znanja Real estate · Budva | 02764121Income statement (PDF) | 943€ | +16.6% | 257,264€ | 12 |
| 282019: rank 1 | Mediterancapital Hospitality · Budva | 03158594Income statement (PDF) | 929€ | -85.8% | 717,074€ | 10 |
| 292019: rank 2 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 915€ | -53.3% | 673,784€ | 13 |
| 302019: rank 36 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 895€ | +28.6% | 3,036,958€ | 129 |
| 312019: rank 9 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 869€ | -33.7% | 2,346,454€ | 52 |
| 322019: rank 35 | Sportsko Rekreativni Centar Budva Arts & entertainment · Budva | 02413388Income statement (PDF) | 844€ | +16.6% | 523,910€ | 40 |
| 332019: rank 42 | WTWS Construction · Budva | 02673436Income statement (PDF) | 824€ | +30.8% | 592,670€ | 14 |
| 342019: rank 28 | Pure Angel Hospitality · Budva | 03035115Income statement (PDF) | 775€ | -7.2% | 338,395€ | 27 |
| 352019: rank 77 | Gattina Hospitality · Budva | 02889315Income statement (PDF) | 768€ | +70.7% | 433,816€ | 16 |
| 362019: rank 78 | Tron Company Construction · Budva | 02727820Income statement (PDF) | 753€ | +67.7% | 2,748,598€ | 27 |
| 372019: rank 41 | Fontana Centar Hospitality · Budva | 03161617Income statement (PDF) | 752€ | +16.2% | 369,874€ | 28 |
| 382019: rank 68 | Univerzitet Adriatik - Fakultet za Saobraćaj Komunikacije i Logistiku Budva Education · Budva | 02696363Income statement (PDF) | 737€ | +50.7% | 232,780€ | 14 |
| 392019: rank 18 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 727€ | -29.6% | 3,836,311€ | 95 |
| 402019: rank 61 | Norma Trade · Budva | 02168871Income statement (PDF) | 720€ | +42.0% | 2,427,528€ | 33 |
| 412019: rank 29 | Adriatic Yachting Services Transport & logistics · Budva | 02847973Income statement (PDF) | 719€ | -13.6% | 107,203€ | 11 |
| 422019: rank 51 | Slavija Trade · Budva | 02415216Income statement (PDF) | 718€ | +22.7% | 2,683,298€ | 53 |
| 432019: rank 12 | Suntime Hospitality · Budva | 02632934Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 111,066€ | 15 |
| 442019: rank 95 | Radona-Trade Trade · Budva | 02208962Income statement (PDF) | 680€ | +82.3% | 1,630,658€ | 36 |
| 452019: rank 88 | Lir Hospitality · Budva | 02062755Income statement (PDF) | 674€ | +64.8% | 250,386€ | 15 |
| 462019: rank 63 | Protector Administrative services · Budva | 02387999Income statement (PDF) | 661€ | +32.5% | 201,010€ | 19 |
| 472019: rank 40 | Lovćen Film Arts & entertainment · Budva | 02966964Income statement (PDF) | 643€ | -3.5% | 400,594€ | 11 |
| 482019: rank 37 | Megapromet Trade · Budva | 02365928Income statement (PDF) | 633€ | -7.7% | 22,762,707€ | 324 |
| 492019: rank 19 | Talas-M Administrative services · Budva | 02327023Income statement (PDF) | 621€ | -37.1% | 84,651€ | 21 |
| 502019: rank 79 | Eco Clean Administrative services · Budva | 02699133Income statement (PDF) | 613€ | +37.4% | 470,970€ | 40 |
Showing 1–50 · top 50 of 140 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. "VILLA GEBA MANAGEMENT" - 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