Trade companies in Montenegro ranked by average monthly payroll cost per employee 2017. This 2017 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 2017, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12016: rank 2 | Izbor Trade · Bar | 02003228Income statement (PDF) | 3,149€ | +2.6% | 1,578,922€ | 30 |
| 22016: rank 3 | Montenegro Bonus Trade · Cetinje | 02384337Income statement (PDF) | 2,177€ | +0.7% | 20,196,679€ | 30 |
| 32016: rank 15 | Rocky Pistolato Casch&Carry Trade · Podgorica | 02361353Income statement (PDF) | 2,021€ | +39.0% | 2,374,473€ | 10 |
| 42016: rank 4 | G3 Spirits Trade · Podgorica | 02823381Income statement (PDF) | 1,987€ | +6.4% | 2,457,334€ | 10 |
| 52016: rank 5 | Crnogorski Operator Tržišta Električne Energije Trade · Podgorica | 02849097Income statement (PDF) | 1,982€ | +11.5% | 620,081€ | 17 |
| 62016: rank 16 | Carlsberg Montenegro Trade · Podgorica | 02657457Income statement (PDF) | 1,776€ | +25.2% | 13,108,837€ | 16 |
| 72016: rank 7 | Jugopetrol Trade · Podgorica | 02013258Income statement (PDF) | 1,707€ | +2.2% | 135,143,076€ | 111 |
| 82016: rank 6 | Podravka Trade · Podgorica | 02355388Income statement (PDF) | 1,658€ | -4.3% | 7,028,262€ | 22 |
| 92016: rank 8 | Cemex Montenegro Trade · Podgorica | 02270803Income statement (PDF) | 1,652€ | +0.6% | 23,645,589€ | 10 |
| 102016: rank 17 | Coca-Cola Hellenic Bottling Company-Crna Gora Trade · Podgorica | 02303213Income statement (PDF) | 1,624€ | +16.1% | 28,551,326€ | 42 |
| 112016: rank 9 | Saga CG Trade · Podgorica | 02657597Income statement (PDF) | 1,547€ | -2.2% | 2,015,703€ | 12 |
| 122016: rank 12 | Glosarij Trade · Podgorica | 02118912Income statement (PDF) | 1,503€ | +0.6% | 56,728,025€ | 100 |
| 132016: rank 10 | Businessmontenegro Trade · Podgorica | 02117045Income statement (PDF) | 1,460€ | -3.1% | 2,699,811€ | 11 |
| 142016: rank 24 | Kim Tec CG Trade · Podgorica | 02438372Income statement (PDF) | 1,422€ | +27.1% | 7,928,448€ | 20 |
| 152016: rank 18 | Comtrade Distribution Trade · Podgorica | 02297248Income statement (PDF) | 1,414€ | +2.7% | 19,589,636€ | 24 |
| 162016: rank 19 | Knjaz Miloš - Montenegro Trade · Kotor | 02309084Income statement (PDF) | 1,410€ | +3.0% | 9,092,365€ | 35 |
| 172016: rank 11 | Montenegro Defence Industry Trade · Podgorica | 02236575Income statement (PDF) | 1,399€ | -7.1% | 3,106,489€ | 17 |
| 182016: rank 22 | Galerija Podova Trade · Podgorica | 02654270Income statement (PDF) | 1,385€ | +16.4% | 1,787,761€ | 15 |
| 192016: rank 13 | Wurth Trade · Podgorica | 02672197Income statement (PDF) | 1,350€ | -8.8% | 1,837,621€ | 15 |
| 202016: rank 33 | Vektra Montenegro Trade · Podgorica | 02049899Income statement (PDF) | 1,333€ | +38.4% | 46,200€ | 17 |
| 212016: rank 20 | Medicor Trade · Kotor | 02196344Income statement (PDF) | 1,285€ | -1.4% | 2,154,409€ | 16 |
| 222016: rank 23 | Ledo Trade · Podgorica | 02126265Income statement (PDF) | 1,241€ | +5.6% | 12,902,112€ | 87 |
| 232016: rank 26 | Also Montenegro Trade · Podgorica | 02412691Income statement (PDF) | 1,204€ | +11.3% | 6,206,028€ | 23 |
| 242016: rank 32 | Alumil Montenegro Trade · Podgorica | 02411865Income statement (PDF) | 1,154€ | +18.0% | 6,016,901€ | 13 |
| 252016: rank 25 | Ina - Crna Gora Trade · Podgorica | 02305054Income statement (PDF) | 1,153€ | +3.4% | 50,354,102€ | 34 |
| 262016: rank 14 | Farmegra Trade · Podgorica | 02281864Income statement (PDF) | 1,098€ | -25.4% | 27,930,218€ | 89 |
| 272016: rank 27 | DMD Delta Trade · Podgorica | 02329115Income statement (PDF) | 1,059€ | -0.8% | 30,956,152€ | 62 |
| 28Not in the top 200 in 2016. | Pharma Diskont Trade · Podgorica | 03108678Income statement (PDF) | 1,025€ | No meaningful percentage: the 2016 or current value is zero, negative, unknown or unreliable. | 877,096€ | 10 |
| 292016: rank 54 | Plus Trade · Podgorica | 03024938Income statement (PDF) | 970€ | +34.3% | 29,696,671€ | 10 |
| 302016: rank 43 | Petrol Crna Gora Mne Trade · Podgorica | 02675889Income statement (PDF) | 962€ | +8.1% | 43,256,251€ | 99 |
| 312016: rank 31 | Autočačak Podgorica Trade · Zeta | 02466414Income statement (PDF) | 961€ | -2.7% | 31,190,990€ | 16 |
| 322016: rank 41 | Napredak Trade · Kotor | 02033542Income statement (PDF) | 952€ | +5.4% | 4,584,987€ | 62 |
| 332016: rank 34 | MPM Trade · Podgorica | 02047861Income statement (PDF) | 933€ | -3.1% | 24,285,277€ | 269 |
| 342016: rank 37 | Nelt Mne Trade · Podgorica | 02313707Income statement (PDF) | 932€ | +1.0% | 56,009,892€ | 181 |
| 352016: rank 39 | Auto Moto Savez Crne Gore Trade · Podgorica | 02442116Income statement (PDF) | 929€ | +1.9% | 420,855€ | 22 |
| 36Not in the top 200 in 2016. | Agromarket CG Trade · Danilovgrad | 02631512Income statement (PDF) | 917€ | -19.3% | 6,145,483€ | 11 |
| 372016: rank 47 | Roma Company Trade · Danilovgrad | 02740338Income statement (PDF) | 911€ | +10.3% | 5,372,929€ | 16 |
| 382016: rank 35 | Industriaimport-Industriaimpex Trade · Podgorica | 02013576Income statement (PDF) | 906€ | -3.4% | 914,226€ | 18 |
| 392016: rank 46 | Bar-Kod Trade · Podgorica | 02289334Income statement (PDF) | 884€ | +4.5% | 38,225,125€ | 225 |
| 402016: rank 71 | NTC Trade · Nikšić | 02678187Income statement (PDF) | 883€ | +33.6% | 8,102,142€ | 31 |
| 412016: rank 50 | Voli Motors Trade · Podgorica | 02846187Income statement (PDF) | 848€ | +10.6% | 3,722,433€ | 16 |
| 422016: rank 30 | Ljetopis Automotive Trade · Podgorica | 02357992Income statement (PDF) | 844€ | -16.2% | 12,354,626€ | 33 |
| 432016: rank 48 | Lukoil Montenegro Trade · Podgorica | 02630419Income statement (PDF) | 840€ | +3.4% | 33,824,912€ | 132 |
| 442016: rank 42 | Studio Moderna Crna Gora Trade · Podgorica | 02783746Income statement (PDF) | 839€ | -7.0% | 6,199,162€ | 109 |
| 452016: rank 80 | Agroauto Trade · Podgorica | 02160625Income statement (PDF) | 828€ | +30.0% | 3,391,815€ | 11 |
| 46Not in the top 200 in 2016. | Premia Trade · Kotor | 02400863Income statement (PDF) | 820€ | No meaningful percentage: the 2016 or current value is zero, negative, unknown or unreliable. | 4,954,043€ | 11 |
| 472016: rank 49 | Osmi Red - D Trade · Podgorica | 02296705Income statement (PDF) | 814€ | +5.6% | 5,100,309€ | 26 |
| 482016: rank 85 | Norma Trade · Budva | 02168871Income statement (PDF) | 797€ | +31.5% | 2,315,712€ | 28 |
| 492016: rank 120 | Monte Petrol Trade · Mojkovac | 02751909Income statement (PDF) | 794€ | +53.9% | 162,179€ | 12 |
| 502016: rank 44 | New Yorker Montenegro Trade · Podgorica | 02778343Income statement (PDF) | 792€ | -7.9% | 3,006,848€ | 15 |
Showing 1–50 · top 50 of 443 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 2017, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is A.D."IZBOR" - BAR; 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