Trade 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 2 | Plus Trade · Podgorica | 03024938Income statement (PDF) | 3,767€ | +23.8% | 40,863,390€ | 10 |
| 22020: rank 6 | Jugopetrol Trade · Podgorica | 02013258Income statement (PDF) | 2,539€ | +8.1% | 150,978,658€ | 99 |
| 32020: rank 9 | Coca-Cola Hellenic Bottling Company-Crna Gora Trade · Podgorica | 02303213Income statement (PDF) | 2,384€ | +10.9% | 27,567,388€ | 22 |
| 42020: rank 12 | Montenegro Defence Industry Trade · Podgorica | 02236575Income statement (PDF) | 2,384€ | +17.0% | 3,815,897€ | 17 |
| 52020: rank 3 | Teknoxgroup Crna Gora Trade · Danilovgrad | 02312450Income statement (PDF) | 2,311€ | -13.3% | 2,362,143€ | 11 |
| 62020: rank 13 | Wurth Trade · Podgorica | 02672197Income statement (PDF) | 2,188€ | +13.7% | 2,304,337€ | 18 |
| 72020: rank 15 | Carlsberg Montenegro Trade · Podgorica | 02657457Income statement (PDF) | 2,142€ | +25.5% | 16,062,472€ | 22 |
| 82020: rank 8 | Comtrade Distribution Trade · Podgorica | 02297248Income statement (PDF) | 2,134€ | -0.9% | 20,441,721€ | 26 |
| 92020: rank 5 | Montenegro Bonus Trade · Cetinje | 02384337Income statement (PDF) | 2,086€ | -12.2% | 12,533,602€ | 28 |
| 102020: rank 10 | Crnogorski Operator Tržišta Električne Energije Trade · Podgorica | 02849097Income statement (PDF) | 2,023€ | -5.2% | 683,716€ | 20 |
| 112020: rank 7 | Podravka Trade · Podgorica | 02355388Income statement (PDF) | 2,021€ | -6.3% | 7,725,658€ | 29 |
| 122020: rank 1 | Ina - Crna Gora Trade · Podgorica | 02305054Income statement (PDF) | 1,779€ | -53.9% | 86,761,515€ | 106 |
| 132020: rank 19 | Also Montenegro Trade · Podgorica | 02412691Income statement (PDF) | 1,744€ | +16.6% | 5,327,321€ | 20 |
| 142020: rank 30 | DMD Delta Trade · Podgorica | 02329115Income statement (PDF) | 1,742€ | +30.3% | 32,624,097€ | 58 |
| 152020: rank 14 | Uniprom Pharm Trade · Nikšić | 02903954Income statement (PDF) | 1,689€ | -1.2% | 752,209€ | 11 |
| 162020: rank 28 | Ledo Trade · Podgorica | 02126265Income statement (PDF) | 1,668€ | +24.3% | 14,081,375€ | 93 |
| 172020: rank 21 | Alumil Montenegro Trade · Podgorica | 02411865Income statement (PDF) | 1,656€ | +15.0% | 7,142,821€ | 16 |
| 18Not in the top 200 in 2020. | Dadi Export Trade · Podgorica | 02357267Income statement (PDF) | 1,646€ | +324.2% | 1,918,293€ | 25 |
| 19Not in the top 200 in 2020. | Montenegro Duty Free Trade · Podgorica | 03277429Income statement (PDF) | 1,608€ | -33.2% | 3,635,267€ | 30 |
| 202020: rank 18 | Glosarij Trade · Podgorica | 02118912Income statement (PDF) | 1,588€ | +3.3% | 99,912,523€ | 127 |
| 21Not in the top 200 in 2020. | Glosarij CD Trade · Podgorica | 02894998Income statement (PDF) | 1,512€ | -28.2% | 11,511,742€ | 14 |
| 222020: rank 16 | Orbico Trade · Podgorica | 02864533Income statement (PDF) | 1,497€ | -7.1% | 2,559,160€ | 22 |
| 232020: rank 20 | Emmeti Trade · Podgorica | 03021904Income statement (PDF) | 1,473€ | +0.4% | 1,174,976€ | 15 |
| 242020: rank 23 | Medicor Trade · Kotor | 02196344Income statement (PDF) | 1,433€ | +1.8% | 2,898,513€ | 21 |
| 252020: rank 31 | Knjaz Miloš - Montenegro Trade · Kotor | 02309084Income statement (PDF) | 1,415€ | +6.8% | 8,988,181€ | 38 |
| 26Not in the top 200 in 2020. | Pharma Diskont Trade · Podgorica | 03108678Income statement (PDF) | 1,401€ | -50.3% | 1,424,458€ | 10 |
| 272020: rank 34 | Osmi Red - D Trade · Podgorica | 02296705Income statement (PDF) | 1,386€ | +12.8% | 11,646,349€ | 28 |
| 282020: rank 22 | Kim Tec CG Trade · Podgorica | 02438372Income statement (PDF) | 1,381€ | -3.0% | 11,300,205€ | 25 |
| 292020: rank 29 | Farmegra Trade · Podgorica | 02281864Income statement (PDF) | 1,378€ | +3.0% | 42,153,816€ | 84 |
| 302020: rank 17 | G3 Spirits Trade · Podgorica | 02823381Income statement (PDF) | 1,367€ | -11.9% | 3,726,770€ | 16 |
| 31Not in the top 200 in 2020. | Interactive Trade · Podgorica | 03315878Income statement (PDF) | 1,329€ | +118.6% | 1,511,235€ | 10 |
| 322020: rank 33 | Kansai Helios Crna Gora Trade · Podgorica | 02786761Income statement (PDF) | 1,322€ | +3.9% | 2,074,721€ | 10 |
| 332020: rank 36 | TDS Trade · Podgorica | 02395398Income statement (PDF) | 1,294€ | +6.6% | 6,349,721€ | 21 |
| 342020: rank 38 | Nelt Mne Trade · Podgorica | 02313707Income statement (PDF) | 1,284€ | +7.8% | 53,499,317€ | 187 |
| 352020: rank 32 | Farmalab Trade · Podgorica | 02729164Income statement (PDF) | 1,276€ | -1.8% | 5,315,653€ | 14 |
| 362020: rank 39 | Ben -Kov Trade · Tivat | 02363747Income statement (PDF) | 1,267€ | +9.1% | 3,648,975€ | 15 |
| 372020: rank 70 | Vlaneta Mne Trade · Cetinje | 03290816Income statement (PDF) | 1,259€ | +39.9% | 167,092€ | 10 |
| 382020: rank 51 | Napredak Trade · Kotor | 02033542Income statement (PDF) | 1,239€ | +16.9% | 3,513,761€ | 47 |
| 392020: rank 45 | NTC Trade · Nikšić | 02678187Income statement (PDF) | 1,220€ | +10.8% | 7,828,886€ | 25 |
| 402020: rank 35 | Vibacom Trade · Herceg Novi | 02425726Income statement (PDF) | 1,210€ | -1.2% | 1,022,907€ | 12 |
| 412020: rank 37 | Kastex Trade · Podgorica | 02122189Income statement (PDF) | 1,186€ | -0.4% | 3,594,853€ | 15 |
| 422020: rank 44 | Euro Petrol CG Trade · Podgorica | 02925940Income statement (PDF) | 1,181€ | +6.8% | 12,037,473€ | 23 |
| 432020: rank 56 | Timicom Trade · Herceg Novi | 02305852Income statement (PDF) | 1,170€ | +18.1% | 3,995,134€ | 26 |
| 442020: rank 52 | Farmont M.P. Trade · Danilovgrad | 02327066Income statement (PDF) | 1,128€ | +10.0% | 7,661,989€ | 43 |
| 452020: rank 47 | Prokom Trade · Podgorica | 02317982Income statement (PDF) | 1,123€ | +3.6% | 6,048,899€ | 15 |
| 462020: rank 50 | Xenergy Trade · Podgorica | 02766515Income statement (PDF) | 1,115€ | +4.3% | 52,361,689€ | 116 |
| 472020: rank 112 | Holos Trade · Podgorica | 02208326Income statement (PDF) | 1,074€ | +43.8% | 1,904,877€ | 15 |
| 482020: rank 58 | Expo Commerce Trade · Kotor | 02280612Income statement (PDF) | 1,070€ | +10.1% | 22,139,637€ | 188 |
| 492020: rank 48 | PG - Pak Trade · Podgorica | 02773538Income statement (PDF) | 1,067€ | -1.1% | 1,830,199€ | 22 |
| 50Not in the top 200 in 2020. | Ćilimara Trade · Podgorica | 02324318Income statement (PDF) | 1,045€ | -24.1% | 2,927,484€ | 12 |
Showing 1–50 · top 50 of 503 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 "PLUS" D.O.O. ZA TRGOVINU I USLUGE 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