Trade companies in Montenegro ranked by average monthly payroll cost per employee 2025. This 2025 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria. Only companies with at least 10 employees are ranked.
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12024: rank 1 | Noblewood Market Trade · Tivat | 03514889Income statement (PDF) | 8,281€ | +21.8% | 5,612,784€ | 40 |
| 22024: rank 2 | Glovo Montenegro Trade · Podgorica | 03351475Income statement (PDF) | 4,258€ | -2.5% | 9,317,796€ | 23 |
| 3No filing for 2024. | Ledo Trade · Podgorica | 02126265Income statement (PDF) | 3,594€ | No filing for 2024. | 26,047,566€ | 114 |
| 42024: rank 15 | Saga CG Trade · Podgorica | 02657597Income statement (PDF) | 3,442€ | +39.8% | 3,446,741€ | 10 |
| 52024: rank 6 | Comtrade Distribution Trade · Podgorica | 02297248Income statement (PDF) | 3,413€ | -0.2% | 32,110,026€ | 29 |
| 62024: rank 8 | Jugopetrol Trade · Podgorica | 02013258Income statement (PDF) | 2,937€ | +2.1% | 251,470,488€ | 107 |
| 72024: rank 9 | Interactive Trade · Podgorica | 03315878Income statement (PDF) | 2,812€ | +3.0% | 2,258,466€ | 10 |
| 82024: rank 4 | Coca-Cola Hellenic Bottling Company-Crna Gora Trade · Podgorica | 02303213Income statement (PDF) | 2,769€ | -31.4% | 52,952,440€ | 24 |
| 92024: rank 7 | Plus Trade · Podgorica | 03024938Income statement (PDF) | 2,765€ | -11.5% | 104,939,098€ | 34 |
| 102024: rank 11 | Montenegro Defence Industry Trade · Podgorica | 02236575Income statement (PDF) | 2,739€ | +8.1% | 1,413,093€ | 17 |
| 112024: rank 10 | Teknoxgroup Crna Gora Trade · Danilovgrad | 02312450Income statement (PDF) | 2,729€ | +3.6% | 4,555,886€ | 13 |
| 122024: rank 13 | Also Montenegro Trade · Podgorica | 02412691Income statement (PDF) | 2,694€ | +8.5% | 7,057,187€ | 13 |
| 132024: rank 56 | Farmont M.P. Trade · Danilovgrad | 02327066Income statement (PDF) | 2,642€ | +54.8% | 15,868,701€ | 48 |
| 142024: rank 27 | Glosarij CD Trade · Podgorica | 02894998Income statement (PDF) | 2,603€ | +32.3% | 20,129,791€ | 20 |
| 15Not in the top 200 in 2024. | Eminent Trade · Podgorica | 02088398Income statement (PDF) | 2,540€ | +144.9% | 6,167,074€ | 20 |
| 162024: rank 14 | Crnogorski Operator Tržišta Električne Energije Trade · Podgorica | 02849097Income statement (PDF) | 2,515€ | +2.0% | 836,710€ | 19 |
| 172024: rank 12 | Lalizas Montenegro Trade · Tivat | 03174573Income statement (PDF) | 2,498€ | -0.5% | 1,209,329€ | 11 |
| 18Not in the top 200 in 2024. | Ananas Crna Gora Trade · Podgorica | 03641783Income statement (PDF) | — | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 250,338€ | 13 |
| 192024: rank 5 | Assaia Development Trade · Podgorica | 03414329Income statement (PDF) | 2,422€ | -34.9% | 1,120,961€ | 37 |
| 202024: rank 32 | Roaming Montenegro Trade · Nikšić | 02451336Income statement (PDF) | 2,389€ | +24.9% | 15,575,227€ | 20 |
| 212024: rank 81 | Xenergy Trade · Podgorica | 02766515Income statement (PDF) | 2,366€ | +50.1% | 37,446,256€ | 46 |
| 222024: rank 19 | Wurth Trade · Podgorica | 02672197Income statement (PDF) | 2,351€ | +6.2% | 3,696,624€ | 25 |
| 232024: rank 46 | Montenegro Duty Free Trade | 03277429Income statement (PDF) | 2,329€ | +29.0% | 12,011,471€ | 46 |
| 242024: rank 36 | Roma Company Trade · Danilovgrad | 02740338Income statement (PDF) | 2,307€ | +22.8% | 13,363,899€ | 19 |
| 252024: rank 16 | Vibacom Trade · Herceg Novi | 02425726Income statement (PDF) | 2,286€ | -1.0% | 2,825,355€ | 16 |
| 262024: rank 65 | Jadran Auto Trade · Zeta | 03069052Income statement (PDF) | 2,246€ | +34.2% | 11,680,415€ | 15 |
| 272024: rank 26 | Uniprom Pharm Trade · Nikšić | 02903954Income statement (PDF) | 2,218€ | +11.3% | 1,674,962€ | 12 |
| 282024: rank 22 | Alumil Montenegro Trade · Podgorica | 02411865Income statement (PDF) | 2,186€ | +6.3% | 10,567,660€ | 22 |
| 29Not in the top 200 in 2024. | Trigon Inc Trade · Podgorica | 03287882Income statement (PDF) | 2,180€ | +22.2% | 1,581,623€ | 11 |
| 302024: rank 23 | Micromedia Trade · Podgorica | 02327775Income statement (PDF) | 2,179€ | +7.0% | 5,161,257€ | 19 |
| 312024: rank 28 | Medica Trade · Podgorica | 02171058Income statement (PDF) | 2,173€ | +11.8% | 14,212,285€ | 13 |
| 322024: rank 130 | Rokšped Auto Centar Trade · Podgorica | 02976820Income statement (PDF) | 2,166€ | +66.2% | 32,849,241€ | 51 |
| 332024: rank 33 | G3 Spirits Trade · Podgorica | 02823381Income statement (PDF) | 2,109€ | +10.6% | 8,654,246€ | 27 |
| 342024: rank 175 | Savana Commercial Retail Trade · Podgorica | 03081842Income statement (PDF) | 2,073€ | +74.5% | 3,766,414€ | 29 |
| 352024: rank 30 | Pontera Pharma Solutions Trade · Podgorica | 03141284Income statement (PDF) | 2,073€ | +7.2% | 4,638,042€ | 20 |
| 362024: rank 17 | Berba Trade · Tivat | 02811227Income statement (PDF) | 2,052€ | -10.6% | 3,895,779€ | 17 |
| 372024: rank 113 | Art Ceramic Trade · Tuzi | 02997894Income statement (PDF) | 2,045€ | +47.9% | 3,816,622€ | 13 |
| 382024: rank 31 | DMD Delta Trade · Podgorica | 02329115Income statement (PDF) | 2,045€ | +5.8% | 58,884,454€ | 75 |
| 392024: rank 51 | Frigo Sistem Trade · Nikšić | 02705826Income statement (PDF) | 2,034€ | +16.8% | 5,240,484€ | 13 |
| 402024: rank 18 | Industriaimport-Industriaimpex Trade · Podgorica | 02013576Income statement (PDF) | 2,027€ | -10.0% | 687,090€ | 10 |
| 412024: rank 25 | Montenegro Bonus Trade · Cetinje | 02384337Income statement (PDF) | 2,001€ | +0.1% | 7,688,658€ | 28 |
| 422024: rank 35 | Timicom Trade · Herceg Novi | 02305852Income statement (PDF) | 1,998€ | +5.9% | 5,556,274€ | 32 |
| 432024: rank 34 | Podravka Trade · Podgorica | 02355388Income statement (PDF) | 1,996€ | +5.1% | 11,639,018€ | 36 |
| 442024: rank 40 | Knjaz Miloš - Montenegro Trade · Kotor | 02309084Income statement (PDF) | 1,994€ | +8.8% | 23,356,721€ | 37 |
| 452024: rank 91 | Euro Petrol CG Trade · Podgorica | 02925940Income statement (PDF) | 1,992€ | +32.1% | 23,538,570€ | 39 |
| 462024: rank 50 | Glosarij Trade · Podgorica | 02118912Income statement (PDF) | 1,986€ | +12.8% | 159,843,713€ | 183 |
| 472024: rank 38 | Fashion Porto Trade · Tivat | 02654105Income statement (PDF) | 1,969€ | +7.2% | 4,531,856€ | 24 |
| 482024: rank 59 | Dajković Co Namos Trade · Podgorica | 02333325Income statement (PDF) | 1,959€ | +16.4% | 18,142,233€ | 107 |
| 49Not in the top 200 in 2024. | Dewaco M Trade · Danilovgrad | 03146316Income statement (PDF) | 1,956€ | -17.7% | 4,910,040€ | 11 |
| 502024: rank 39 | Kansai Helios Crna Gora Trade · Podgorica | 02786761Income statement (PDF) | 1,941€ | +5.8% | 4,209,963€ | 12 |
Showing 1–50 · top 50 of 621 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 2025, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is D.O.O. "NOBLEWOOD MARKET" TIVAT; 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