Companies in Budva ranked by average monthly payroll cost per employee 2023. This 2023 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 2023, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12022: rank 1 | Linux Development Technology · Budva | 03421252Income statement (PDF) | 6,955€ | +26.9% | 3,002,400€ | 35 |
| 22022: rank 2 | Belka Games Me Technology · Budva | 03418545Income statement (PDF) | 5,707€ | +112.2% | 4,739,224€ | 60 |
| 3Not in the top 200 in 2022. | Top Hill Hospitality · Budva | 02786818Income statement (PDF) | 4,321€ | -18.6% | 1,942,525€ | 13 |
| 4Not in the top 200 in 2022. | HRS Technologies Education · Budva | 03415775Income statement (PDF) | 3,627€ | +77.4% | 772,158€ | 14 |
| 52022: rank 165 | Mankrik Technology · Budva | 03454517Income statement (PDF) | 3,356€ | +571.2% | 3,169,050€ | 28 |
| 6Not in the top 200 in 2022. | Health Samurai Montenegro Technology · Budva | 03418472Income statement (PDF) | 3,292€ | +26.9% | 1,681,888€ | 21 |
| 72022: rank 95 | Alart Centar-Budva CG Construction · Budva | 02789132Income statement (PDF) | 2,485€ | +246.1% | 3,720,000€ | 15 |
| 82022: rank 6 | Luminalis Administrative services · Budva | 02412845Income statement (PDF) | 2,341€ | +23.8% | 1,200,199€ | 11 |
| 9Not in the top 200 in 2022. | Edu Hub Education · Budva | 02979691Income statement (PDF) | 2,252€ | +25.3% | 380,576€ | 13 |
| 102022: rank 4 | Messer Tehnogas Manufacturing · Budva | 02670208Income statement (PDF) | 2,166€ | +10.8% | 2,117,963€ | 20 |
| 112022: rank 5 | Villa Geba Management Hospitality · Budva | 03251691Income statement (PDF) | 2,110€ | +10.4% | 775,380€ | 26 |
| 122022: rank 30 | Shanghai Hospitality · Budva | 02914859Income statement (PDF) | 1,968€ | +50.0% | 1,250,033€ | 17 |
| 132022: rank 9 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | — | No meaningful percentage: the 2022 or current value is zero, negative, unknown or unreliable. | 1,846,478€ | 59 |
| 142022: rank 3 | Unikop Omnia Hospitality · Budva | 03166180Income statement (PDF) | 1,899€ | -13.2% | 949,866€ | 12 |
| 152022: rank 23 | Milmedika Health & social care · Budva | 02983613Income statement (PDF) | 1,885€ | +31.0% | 1,340,724€ | 30 |
| 162022: rank 12 | Regionalni Vodovod Crnogorsko Primorje Energy, water & waste · Budva | 02090198Income statement (PDF) | 1,879€ | +18.3% | 8,058,643€ | 76 |
| 172022: rank 66 | Perlas Hospitality · Budva | 02979888Income statement (PDF) | 1,778€ | +98.4% | 710,131€ | 10 |
| 182022: rank 14 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 1,777€ | +14.1% | 11,272,384€ | 161 |
| 192022: rank 158 | Hasber Construction Construction · Budva | 03305538Income statement (PDF) | 1,759€ | +239.6% | 1,323,999€ | 25 |
| 20No filing for 2022. | Gradnja 2023 Construction · Budva | 03519333Income statement (PDF) | 1,714€ | No filing for 2022. | 478,117€ | 10 |
| 212022: rank 11 | Stratex Management Real estate · Budva | 02978229Income statement (PDF) | 1,689€ | +4.8% | 2,667,344€ | 49 |
| 222022: rank 44 | Univerzitet Adriatik - Fakultet za Saobraćaj Komunikacije i Logistiku Budva Education · Budva | 02696363Income statement (PDF) | 1,623€ | +43.5% | 298,236€ | 13 |
| 232022: rank 16 | Atena - Bohor Construction · Budva | 02297191Income statement (PDF) | 1,607€ | +4.1% | 5,052,090€ | 34 |
| 242022: rank 18 | Otpadne Vode Energy, water & waste · Budva | 03304388Income statement (PDF) | 1,598€ | +6.2% | 1,313,717€ | 29 |
| 252022: rank 34 | Parking Servis Budva Transport & logistics · Budva | 02382784Income statement (PDF) | 1,561€ | +23.5% | 2,941,651€ | 89 |
| 262022: rank 13 | Dukley Marina Arts & entertainment · Budva | 02349523Income statement (PDF) | 1,558€ | -1.0% | 984,911€ | 17 |
| 27Not in the top 200 in 2022. | BD Software Technology · Budva | 03417140Income statement (PDF) | 1,554€ | +311.1% | 763,575€ | 26 |
| 282022: rank 8 | Kompas Montenegro Administrative services · Budva | 02321688Income statement (PDF) | 1,543€ | -10.9% | 17,256,802€ | 21 |
| 292022: rank 28 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 1,543€ | +14.6% | 27,290,104€ | 554 |
| 302022: rank 10 | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 1,532€ | -6.8% | 3,741,131€ | 17 |
| 312022: rank 21 | Laganini Hospitality · Budva | 03155820Income statement (PDF) | 1,511€ | +2.3% | 2,041,970€ | 28 |
| 322022: rank 27 | Vodovod i Kanalizacija Energy, water & waste · Budva | 02005573Income statement (PDF) | 1,464€ | +6.6% | 8,298,529€ | 240 |
| 332022: rank 35 | S.A.R.D. Inženjering Construction · Budva | 03218783Income statement (PDF) | 1,452€ | +18.0% | 2,541,607€ | 28 |
| 342022: rank 55 | Yes Event Professional services · Budva | 02416174Income statement (PDF) | 1,411€ | +48.5% | 2,379,017€ | 14 |
| 352022: rank 29 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 1,385€ | +5.4% | 2,653,920€ | 49 |
| 362022: rank 47 | Praxis Hospitality · Budva | 02955113Income statement (PDF) | 1,384€ | +25.4% | 1,133,139€ | 30 |
| 372022: rank 19 | Vadjon Hospitality · Budva | 02400758Income statement (PDF) | 1,380€ | -7.3% | 1,186,804€ | 15 |
| 382022: rank 33 | Shilo M Hospitality · Budva | 03160785Income statement (PDF) | 1,374€ | +8.6% | 1,299,678€ | 24 |
| 392022: rank 25 | Casper Productio Hospitality · Budva | 02448882Income statement (PDF) | 1,367€ | -3.0% | 706,678€ | 12 |
| 402022: rank 36 | Maestral Hotels and Casinos Arts & entertainment · Budva | 02343029Income statement (PDF) | 1,366€ | +12.8% | 21,808,949€ | 344 |
| 412022: rank 42 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 1,358€ | +17.8% | 17,351,078€ | 204 |
| 422022: rank 37 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 1,355€ | +14.2% | 13,037,459€ | 69 |
| 432022: rank 59 | Slavija Trade · Budva | 02415216Income statement (PDF) | 1,350€ | +43.0% | 10,951,334€ | 88 |
| 442022: rank 17 | Stela Bu2 Trade · Budva | 02925567Income statement (PDF) | 1,338€ | -12.7% | 5,868,422€ | 23 |
| 452022: rank 38 | Pogrebne Usluge Personal services · Budva | 02643707Income statement (PDF) | 1,336€ | +13.3% | 657,717€ | 23 |
| 462022: rank 56 | Norma Trade · Budva | 02168871Income statement (PDF) | 1,314€ | +38.5% | 4,023,226€ | 28 |
| 472022: rank 53 | Electro Team Construction · Budva | 02744643Income statement (PDF) | 1,306€ | +25.5% | 2,067,945€ | 41 |
| 482022: rank 43 | Radio Televizija Budva Arts & entertainment · Budva | 02005492Income statement (PDF) | 1,287€ | +11.7% | 1,034,785€ | 58 |
| 492022: rank 69 | California Montenegro Hospitality · Budva | 03058387Income statement (PDF) | 1,284€ | +44.4% | 1,657,008€ | 19 |
| 502022: rank 31 | Mediteran Reklame Professional services · Budva | 02380463Income statement (PDF) | 1,277€ | -2.1% | 892,857€ | 46 |
Showing 1–50 · top 50 of 211 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 2023, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is D.O.O. "LINUX DEVELOPMENT" 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