Trade companies in Montenegro ranked by average monthly payroll cost per employee 2020. This 2020 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 2020, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12019: rank 20 | Ina - Crna Gora Trade · Podgorica | 02305054Income statement (PDF) | 3,860€ | +179.7% | 72,537,675€ | 42 |
| 22019: rank 63 | Plus Trade · Podgorica | 03024938Income statement (PDF) | 3,043€ | +292.1% | 26,172,503€ | 10 |
| 32019: rank 3 | Teknoxgroup Crna Gora Trade · Danilovgrad | 02312450Income statement (PDF) | 2,664€ | +16.6% | 3,086,561€ | 10 |
| 42019: rank 16 | Panto Distribucija Trade · Podgorica | 02859009Income statement (PDF) | 2,494€ | +66.8% | 3,718,489€ | 11 |
| 52019: rank 9 | Montenegro Bonus Trade · Cetinje | 02384337Income statement (PDF) | 2,377€ | +45.8% | 10,336,949€ | 27 |
| 62019: rank 5 | Jugopetrol Trade · Podgorica | 02013258Income statement (PDF) | 2,349€ | +23.1% | 84,793,713€ | 98 |
| 72019: rank 6 | Podravka Trade · Podgorica | 02355388Income statement (PDF) | 2,158€ | +13.8% | 7,371,484€ | 25 |
| 82019: rank 11 | Comtrade Distribution Trade · Podgorica | 02297248Income statement (PDF) | 2,153€ | +36.7% | 18,548,635€ | 25 |
| 92019: rank 41 | Coca-Cola Hellenic Bottling Company-Crna Gora Trade · Podgorica | 02303213Income statement (PDF) | 2,150€ | +124.4% | 19,622,521€ | 22 |
| 102019: rank 4 | Crnogorski Operator Tržišta Električne Energije Trade · Podgorica | 02849097Income statement (PDF) | 2,134€ | +3.5% | 647,933€ | 18 |
| 112019: rank 61 | LC Waikiki Retail Mne Podgorica Trade · Podgorica | 03194817Income statement (PDF) | 2,103€ | +161.9% | 6,405,629€ | 25 |
| 122019: rank 13 | Montenegro Defence Industry Trade · Podgorica | 02236575Income statement (PDF) | 2,038€ | +30.3% | 3,828,731€ | 17 |
| 132019: rank 15 | Wurth Trade · Podgorica | 02672197Income statement (PDF) | 1,924€ | +28.4% | 1,941,866€ | 16 |
| 142019: rank 12 | Uniprom Pharm Trade · Nikšić | 02903954Income statement (PDF) | 1,710€ | +8.9% | 677,364€ | 10 |
| 152019: rank 17 | Carlsberg Montenegro Trade · Podgorica | 02657457Income statement (PDF) | 1,707€ | +17.6% | 11,983,970€ | 22 |
| 162019: rank 39 | Orbico Trade · Podgorica | 02864533Income statement (PDF) | 1,612€ | +67.9% | 2,310,118€ | 20 |
| 172019: rank 84 | G3 Spirits Trade · Podgorica | 02823381Income statement (PDF) | 1,551€ | +121.9% | 1,856,640€ | 13 |
| 182019: rank 14 | Glosarij Trade · Podgorica | 02118912Income statement (PDF) | 1,538€ | +0.4% | 84,320,004€ | 123 |
| 192019: rank 24 | Also Montenegro Trade · Podgorica | 02412691Income statement (PDF) | 1,496€ | +20.2% | 5,338,642€ | 20 |
| 202019: rank 91 | Emmeti Trade · Podgorica | 03021904Income statement (PDF) | 1,467€ | +114.2% | 956,713€ | 13 |
| 212019: rank 28 | Alumil Montenegro Trade · Podgorica | 02411865Income statement (PDF) | 1,440€ | +24.6% | 6,118,911€ | 17 |
| 222019: rank 22 | Kim Tec CG Trade · Podgorica | 02438372Income statement (PDF) | 1,424€ | +4.8% | 8,832,387€ | 23 |
| 232019: rank 21 | Medicor Trade · Kotor | 02196344Income statement (PDF) | 1,408€ | +2.5% | 2,456,243€ | 22 |
| 242019: rank 177 | Desetka Berane Trade · Berane | 02636425Income statement (PDF) | 1,376€ | +183.7% | 6,059,465€ | 30 |
| 252019: rank 10 | Izbor Trade · Bar | 02003228Income statement (PDF) | 1,372€ | -13.5% | 913,135€ | 24 |
| 262019: rank 32 | Popović Elektro Sistem Trade · Podgorica | 02264811Income statement (PDF) | 1,361€ | +21.8% | 2,351,613€ | 21 |
| 272019: rank 35 | Montex Trade · Nikšić | 02768844Income statement (PDF) | 1,347€ | +28.2% | 231,077€ | 11 |
| 282019: rank 23 | Ledo Trade · Podgorica | 02126265Income statement (PDF) | 1,342€ | +5.6% | 10,639,239€ | 97 |
| 292019: rank 26 | Farmegra Trade · Podgorica | 02281864Income statement (PDF) | 1,338€ | +14.5% | 36,625,709€ | 83 |
| 302019: rank 29 | DMD Delta Trade · Podgorica | 02329115Income statement (PDF) | 1,337€ | +17.3% | 25,129,966€ | 64 |
| 312019: rank 18 | Knjaz Miloš - Montenegro Trade · Kotor | 02309084Income statement (PDF) | 1,325€ | -5.2% | 5,953,879€ | 38 |
| 322019: rank 38 | Farmalab Trade · Podgorica | 02729164Income statement (PDF) | 1,300€ | +34.9% | 5,465,702€ | 12 |
| 33Not in the top 200 in 2019. | Kansai Helios Crna Gora Trade · Podgorica | 02786761Income statement (PDF) | 1,272€ | +5.2% | 2,293,349€ | 10 |
| 342019: rank 56 | Osmi Red - D Trade · Podgorica | 02296705Income statement (PDF) | 1,229€ | +48.8% | 9,288,902€ | 28 |
| 352019: rank 79 | Vibacom Trade · Herceg Novi | 02425726Income statement (PDF) | 1,225€ | +69.2% | 644,841€ | 13 |
| 362019: rank 76 | TDS Trade · Podgorica | 02395398Income statement (PDF) | 1,214€ | +65.4% | 4,559,642€ | 22 |
| 372019: rank 122 | Kastex Trade · Podgorica | 02122189Income statement (PDF) | 1,191€ | +101.9% | 3,584,236€ | 15 |
| 382019: rank 33 | Nelt Mne Trade · Podgorica | 02313707Income statement (PDF) | 1,191€ | +8.1% | 42,986,229€ | 182 |
| 39Not in the top 200 in 2019. | Ben -Kov Trade · Tivat | 02363747Income statement (PDF) | 1,161€ | +164.5% | 3,952,429€ | 13 |
| 402019: rank 73 | Hifa Oil CG Trade · Zeta | 03136981Income statement (PDF) | 1,160€ | +56.5% | 14,440,952€ | 28 |
| 41Not in the top 200 in 2019. | Ortus Trade · Cetinje | 02098601Income statement (PDF) | 1,147€ | +226.8% | 655,424€ | 11 |
| 422019: rank 50 | Auto Moto Savez Crne Gore Trade · Podgorica | 02442116Income statement (PDF) | 1,141€ | +35.8% | 584,054€ | 24 |
| 432019: rank 27 | Agromarket CG Trade · Danilovgrad | 02631512Income statement (PDF) | 1,113€ | -3.7% | 1,868,892€ | 11 |
| 442019: rank 140 | Euro Petrol CG Trade · Podgorica | 02925940Income statement (PDF) | 1,106€ | +100.0% | 8,681,900€ | 21 |
| 45No filing for 2019. | NTC Trade · Nikšić | 02678187Income statement (PDF) | 1,101€ | No filing for 2019. | 6,021,020€ | 33 |
| 462019: rank 136 | Beorol Montenegro Trade · Nikšić | 02918374Income statement (PDF) | 1,094€ | +96.4% | 879,503€ | 10 |
| 472019: rank 49 | Prokom Trade · Podgorica | 02317982Income statement (PDF) | 1,084€ | +28.1% | 4,583,335€ | 14 |
| 482019: rank 86 | PG - Pak Trade · Podgorica | 02773538Income statement (PDF) | 1,079€ | +55.9% | 1,440,369€ | 18 |
| 492019: rank 34 | Autočačak Podgorica Trade · Zeta | 02466414Income statement (PDF) | 1,072€ | +1.4% | 6,320,014€ | 16 |
| 502019: rank 68 | Xenergy Trade · Podgorica | 02766515Income statement (PDF) | 1,069€ | +42.2% | 53,147,956€ | 98 |
Showing 1–50 · top 50 of 484 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 2020, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is "INA - CRNA GORA" D.O.O. POSLOVNO DRUŠTVO ZA PROIZVODNJU PROMET I USLIGE PODGORICA; 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