Manufacturing companies in Montenegro ranked by average monthly payroll cost per employee 2021. This 2021 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 2021, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12020: rank 1 | Uniprom Manufacturing · Nikšić | 02049520Income statement (PDF) | 4,186€ | -43.3% | 117,007,597€ | 113 |
| 22020: rank 3 | Messer Tehnogas Manufacturing · Budva | 02670208Income statement (PDF) | 2,058€ | -2.9% | 3,383,627€ | 22 |
| 32020: rank 2 | Rudo Montenegro Manufacturing · Podgorica | 02691671Income statement (PDF) | 2,049€ | -12.1% | 1,693,192€ | 17 |
| 42020: rank 6 | Trebjesa Manufacturing · Nikšić | 02000989Income statement (PDF) | 2,032€ | +13.4% | 26,712,646€ | 220 |
| 52020: rank 4 | Boster Manufacturing · Nikšić | 03024873Income statement (PDF) | 1,842€ | -4.3% | 1,742,717€ | 13 |
| 62020: rank 5 | Uniprom - Metali Manufacturing · Nikšić | 02915731Income statement (PDF) | 1,730€ | -4.0% | 18,203,363€ | 35 |
| 72020: rank 7 | Imlek Boka Manufacturing · Kotor | 02357950Income statement (PDF) | 1,684€ | +4.5% | 22,211,473€ | 43 |
| 82020: rank 71 | Navar Incorporated Manufacturing · Tivat | 02346303Income statement (PDF) | 1,671€ | +203.8% | 3,123,828€ | 29 |
| 92020: rank 11 | Kone Manufacturing · Podgorica | 02958554Income statement (PDF) | 1,630€ | +21.6% | 1,324,117€ | 11 |
| 102020: rank 14 | Vektra - Jakic Manufacturing · Pljevlja | 02464446Income statement (PDF) | — | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 322,865€ | 30 |
| 112020: rank 8 | Novi Duvanski Kombinat Manufacturing · Podgorica | 02860864Income statement (PDF) | 1,549€ | +13.3% | 5,728,152€ | 58 |
| 12Not in the top 200 in 2020. | Trunz Montenegro Manufacturing · Bijelo Polje | 03317684Income statement (PDF) | 1,522€ | +249.9% | 283,988€ | 10 |
| 132020: rank 12 | Daido Metal Kotor Manufacturing · Kotor | 02013053Income statement (PDF) | 1,431€ | +9.7% | 7,816,985€ | 157 |
| 142020: rank 10 | Hemomont Manufacturing · Podgorica | 02204185Income statement (PDF) | 1,395€ | +3.0% | 25,922,170€ | 201 |
| 15No filing for 2020. | Alind Manufacturing · Podgorica | 03374882Income statement (PDF) | 1,342€ | No filing for 2020. | 3,080,000€ | 151 |
| 16Not in the top 200 in 2020. | Bus Manufacturing · Bijelo Polje | 02144565Income statement (PDF) | 1,304€ | +30.4% | 576,606€ | 10 |
| 172020: rank 15 | Maljat Stone Manufacturing · Danilovgrad | 02000466Income statement (PDF) | 1,275€ | +12.7% | 2,283,017€ | 63 |
| 182020: rank 72 | Imperijal Manufacturing · Bijelo Polje | 02307642Income statement (PDF) | 1,215€ | +122.1% | 3,847,273€ | 49 |
| 192020: rank 13 | Tara - Aerospace Manufacturing · Mojkovac | 02464691Income statement (PDF) | 1,183€ | +3.5% | 3,400,047€ | 170 |
| 202020: rank 20 | Termoelektro-Mont Manufacturing · Podgorica | 02303124Income statement (PDF) | 1,069€ | +9.8% | 1,196,523€ | 45 |
| 212020: rank 22 | Vib-Bas Manufacturing · Nikšić | 02325721Income statement (PDF) | 979€ | +7.9% | 6,993,804€ | 24 |
| 222020: rank 125 | Bread Manufacturing · Tivat | 03151409Income statement (PDF) | 933€ | +117.0% | 741,999€ | 18 |
| 232020: rank 34 | Pro Arm Manufacturing · Podgorica | 03177505Income statement (PDF) | 909€ | +29.7% | 10,096,286€ | 25 |
| 242020: rank 24 | Novi Monteživ Manufacturing · Nikšić | 03071839Income statement (PDF) | 907€ | +7.3% | 281,946€ | 10 |
| 252020: rank 25 | Tring Manufacturing · Podgorica | 02281899Income statement (PDF) | 905€ | +9.0% | 2,115,538€ | 17 |
| 262020: rank 23 | Panvel Manufacturing · Podgorica | 02075512Income statement (PDF) | 868€ | -1.3% | 6,759,423€ | 32 |
| 27Not in the top 200 in 2020. | Zeta Mont Manufacturing · Zeta | 02420791Income statement (PDF) | 868€ | +42.5% | 686,877€ | 10 |
| 282020: rank 9 | Vagar Manufacturing · Podgorica | 02107171Income statement (PDF) | 855€ | -37.0% | 655,353€ | 11 |
| 292020: rank 17 | Red Commerce Manufacturing · Podgorica | 02391678Income statement (PDF) | 839€ | -16.5% | 13,925,253€ | 37 |
| 302020: rank 16 | Mondal Industrija Manufacturing · Danilovgrad | 03103919Income statement (PDF) | 836€ | -17.8% | 1,051,520€ | 25 |
| 312020: rank 32 | Uniprom Pekara Manufacturing · Nikšić | 02453835Income statement (PDF) | 797€ | +13.2% | 2,093,271€ | 46 |
| 322020: rank 33 | Enterijeri - SNV Manufacturing · Nikšić | 03093387Income statement (PDF) | 776€ | +10.5% | 471,812€ | 12 |
| 332020: rank 42 | Madžarević-Biro Konto i Ortaci Manufacturing · Herceg Novi | 02149575Income statement (PDF) | 738€ | +13.5% | 352,254€ | 15 |
| 342020: rank 85 | Monte Bianco Manufacturing · Danilovgrad | 02814455Income statement (PDF) | 737€ | +44.5% | 877,408€ | 15 |
| 35Not in the top 200 in 2020. | Ćatić Co Manufacturing · Bijelo Polje | 02339137Income statement (PDF) | 705€ | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 5,193,364€ | 26 |
| 362020: rank 43 | Water Group Manufacturing · Kolašin | 02437805Income statement (PDF) | 703€ | +9.0% | 3,851,975€ | 59 |
| 372020: rank 56 | Remid Vis Manufacturing · Podgorica | 02284324Income statement (PDF) | 699€ | +18.9% | 350,101€ | 15 |
| 382020: rank 40 | Lim Manufacturing · Bijelo Polje | 02428407Income statement (PDF) | 687€ | +3.0% | 1,524,716€ | 60 |
| 392020: rank 70 | Goranović Manufacturing · Nikšić | 02109301Income statement (PDF) | 683€ | +24.0% | 17,676,750€ | 171 |
| 402020: rank 36 | Braća Despot Manufacturing · Podgorica | 02631962Income statement (PDF) | 681€ | -2.3% | 580,011€ | 13 |
| 41Not in the top 200 in 2020. | Sloga Manufacturing · Rožaje | 02044927Income statement (PDF) | 679€ | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 1,781,145€ | 10 |
| 422020: rank 52 | Eko - Per Manufacturing · Šavnik | 02390221Income statement (PDF) | 678€ | +14.9% | 1,375,094€ | 25 |
| 432020: rank 44 | Arte Home Manufacturing · Berane | 02744317Income statement (PDF) | 663€ | +4.9% | 228,937€ | 10 |
| 442020: rank 39 | Vugomal Manufacturing · Podgorica | 03089193Income statement (PDF) | 660€ | -1.6% | 589,009€ | 22 |
| 452020: rank 46 | Kobra Manufacturing · Budva | 02378124Income statement (PDF) | 660€ | +7.8% | 914,905€ | 15 |
| 462020: rank 65 | Promotion Manufacturing · Podgorica | 02754614Income statement (PDF) | 658€ | +15.4% | 752,338€ | 12 |
| 472020: rank 50 | Finezza Manufacturing · Podgorica | 03264980Income statement (PDF) | 656€ | +10.8% | 454,840€ | 21 |
| 482020: rank 31 | RM-Komerc Manufacturing · Pljevlja | 02169983Income statement (PDF) | 655€ | -7.0% | 580,485€ | 14 |
| 49Not in the top 200 in 2020. | Montex-Elektromont Manufacturing · Nikšić | 02137429Income statement (PDF) | 650€ | -3.7% | 251,704€ | 10 |
| 502020: rank 62 | Poliex Manufacturing · Berane | 02035057Income statement (PDF) | 644€ | +12.6% | 3,547,915€ | 70 |
Showing 1–50 · top 50 of 248 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 2021, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is "UNIPROM" DRUŠTVO ZA PROIZVODNJU, PROMET ROBA I USLUGA,SPOLJNU TRGOVINU, USLUGE U TRANSPORTU I TURIZAM D.O.O. NIKŠIĆ; 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