Companies in Budva 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 1 | Linux Development Technology · Budva | 03421252Income statement (PDF) | 7,216€ | +3.8% | 2,006,400€ | 23 |
| 22023: rank 2 | Belka Games Me Technology · Budva | 03418545Income statement (PDF) | 5,153€ | -9.7% | 3,241,472€ | 46 |
| 32023: rank 3 | Top Hill Hospitality · Budva | 02786818Income statement (PDF) | 4,357€ | +0.8% | 1,621,598€ | 12 |
| 4Not in the top 200 in 2023. | Gajeta Hospitality · Budva | 03091201Income statement (PDF) | 3,899€ | +35.3% | 274,190€ | 10 |
| 5Not in the top 200 in 2023. | Montenegro Cruising Transport & logistics · Budva | 02447525Income statement (PDF) | 3,869€ | -58.3% | 912,462€ | 10 |
| 62023: rank 19 | Hasber Construction Construction · Budva | 03305538Income statement (PDF) | 3,654€ | +107.7% | 1,143,406€ | 15 |
| 72023: rank 4 | HRS Technologies Education · Budva | 03415775Income statement (PDF) | 3,621€ | -0.2% | 786,222€ | 15 |
| 82023: rank 5 | Mankrik Technology · Budva | 03454517Income statement (PDF) | 3,014€ | -10.2% | 1,583,760€ | 28 |
| 92023: rank 141 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 2,749€ | +289.4% | 4,490,868€ | 14 |
| 102023: rank 8 | Luminalis Administrative services · Budva | 02412845Income statement (PDF) | 2,479€ | +5.9% | 762,340€ | 12 |
| 112023: rank 10 | Messer Tehnogas Manufacturing · Budva | 02670208Income statement (PDF) | 2,474€ | +14.2% | 2,173,583€ | 19 |
| 122023: rank 103 | Tara Hotel Hospitality · Budva | 03039510Income statement (PDF) | 2,444€ | +171.6% | 5,310,364€ | 48 |
| 132023: rank 12 | Shanghai Hospitality · Budva | 02914859Income statement (PDF) | 2,406€ | +22.3% | 1,415,658€ | 19 |
| 14Not in the top 200 in 2023. | Humana Reprodukcija Health & social care · Budva | 02931761Income statement (PDF) | 2,334€ | +5.6% | 1,009,719€ | 10 |
| 152023: rank 14 | Unikop Omnia Hospitality · Budva | 03166180Income statement (PDF) | 2,330€ | +22.7% | 986,622€ | 12 |
| 16Not in the top 200 in 2023. | Minas Inžinjering Construction · Budva | 03590631Income statement (PDF) | 2,279€ | +180.7% | 373,034€ | 10 |
| 172023: rank 6 | Health Samurai Montenegro Technology · Budva | 03418472Income statement (PDF) | 2,200€ | -33.2% | 47,621€ | 15 |
| 182023: rank 16 | Regionalni Vodovod Crnogorsko Primorje Energy, water & waste · Budva | 02090198Income statement (PDF) | 2,116€ | +12.6% | 9,027,580€ | 80 |
| 192023: rank 11 | Villa Geba Management Hospitality · Budva | 03251691Income statement (PDF) | 1,980€ | -6.2% | 813,222€ | 23 |
| 202023: rank 23 | Atena - Bohor Construction · Budva | 02297191Income statement (PDF) | 1,969€ | +22.5% | 6,733,933€ | 33 |
| 212023: rank 18 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 1,960€ | +10.3% | 13,815,152€ | 188 |
| 222023: rank 9 | Edu Hub Education · Budva | 02979691Income statement (PDF) | 1,954€ | -13.2% | 299,597€ | 13 |
| 232023: rank 21 | Stratex Management Real estate · Budva | 02978229Income statement (PDF) | 1,953€ | +15.6% | 3,081,888€ | 53 |
| 242023: rank 31 | Laganini Hospitality · Budva | 03155820Income statement (PDF) | 1,880€ | +24.4% | 2,107,316€ | 27 |
| 252023: rank 25 | Parking Servis Budva Transport & logistics · Budva | 02382784Income statement (PDF) | 1,878€ | +20.3% | 3,389,780€ | 91 |
| 262023: rank 24 | Otpadne Vode Energy, water & waste · Budva | 03304388Income statement (PDF) | 1,871€ | +17.1% | 1,582,855€ | 28 |
| 272023: rank 34 | Yes Event Professional services · Budva | 02416174Income statement (PDF) | 1,844€ | +30.7% | 2,268,806€ | 14 |
| 282023: rank 33 | S.A.R.D. Inženjering Construction · Budva | 03218783Income statement (PDF) | 1,771€ | +22.0% | 4,700,133€ | 38 |
| 292023: rank 13 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | — | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 1,822,676€ | 73 |
| 302023: rank 29 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 1,741€ | +12.8% | 29,348,516€ | 558 |
| 312023: rank 15 | Milmedika Health & social care · Budva | 02983613Income statement (PDF) | 1,680€ | -10.9% | 1,396,422€ | 35 |
| 322023: rank 37 | Vadjon Hospitality · Budva | 02400758Income statement (PDF) | 1,621€ | +17.5% | 1,264,945€ | 16 |
| 332023: rank 45 | Pogrebne Usluge Personal services · Budva | 02643707Income statement (PDF) | 1,590€ | +19.0% | 608,974€ | 23 |
| 342023: rank 42 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 1,586€ | +17.0% | 13,715,213€ | 71 |
| 352023: rank 39 | Casper Productio Hospitality · Budva | 02448882Income statement (PDF) | 1,586€ | +16.0% | 731,896€ | 12 |
| 362023: rank 46 | Norma Trade · Budva | 02168871Income statement (PDF) | 1,586€ | +20.7% | 3,760,169€ | 34 |
| 372023: rank 98 | Lazy Real estate · Budva | 03315533Income statement (PDF) | 1,585€ | +71.9% | 1,412,802€ | 19 |
| 382023: rank 28 | Kompas Montenegro Administrative services · Budva | 02321688Income statement (PDF) | 1,581€ | +2.5% | 20,922,518€ | 28 |
| 392023: rank 41 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 1,578€ | +16.2% | 18,884,529€ | 216 |
| 402023: rank 168 | Sodeo Enginering Construction · Budva | 03334767Income statement (PDF) | 1,573€ | +158.7% | 1,313,807€ | 30 |
| 412023: rank 76 | Talas-M Administrative services · Budva | 02327023Income statement (PDF) | 1,564€ | +51.6% | 623,477€ | 15 |
| 422023: rank 43 | Slavija Trade · Budva | 02415216Income statement (PDF) | 1,560€ | +15.6% | 12,244,451€ | 104 |
| 432023: rank 35 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 1,547€ | +11.7% | 3,123,449€ | 61 |
| 442023: rank 40 | Maestral Hotels and Casinos Arts & entertainment · Budva | 02343029Income statement (PDF) | 1,540€ | +12.7% | 26,517,177€ | 350 |
| 452023: rank 161 | Sany - Company Transport & logistics · Budva | 02675501Income statement (PDF) | 1,525€ | +137.5% | 436,261€ | 10 |
| 462023: rank 32 | Vodovod i Kanalizacija Energy, water & waste · Budva | 02005573Income statement (PDF) | 1,522€ | +4.0% | 8,196,366€ | 242 |
| 47Not in the top 200 in 2023. | MMMD Hospitality · Budva | 03447570Income statement (PDF) | 1,520€ | -93.1% | 438,490€ | 19 |
| 48Not in the top 200 in 2023. | Duomo MN Hospitality · Budva | 03558096Income statement (PDF) | 1,505€ | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 1,118,174€ | 20 |
| 492023: rank 67 | BS Construction Construction · Budva | 03377326Income statement (PDF) | 1,503€ | +36.6% | 1,548,035€ | 13 |
| 502023: rank 51 | I N C Hospitality · Budva | 02425912Income statement (PDF) | 1,494€ | +18.4% | 1,939,227€ | 31 |
Showing 1–50 · top 50 of 241 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 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