Trade companies in Montenegro ranked by average monthly payroll cost per employee 2022. This 2022 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 2022, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 1No filing for 2021. | Assaia Development Trade · Podgorica | 03414329Income statement (PDF) | 4,859€ | No filing for 2021. | 1,370,179€ | 24 |
| 22021: rank 5 | Teknoxgroup Crna Gora Trade · Danilovgrad | 02312450Income statement (PDF) | 2,801€ | +21.2% | 5,406,151€ | 11 |
| 32021: rank 3 | Coca-Cola Hellenic Bottling Company-Crna Gora Trade · Podgorica | 02303213Income statement (PDF) | 2,697€ | +13.1% | 34,725,962€ | 24 |
| 4Not in the top 200 in 2021. | Saga CG Trade · Podgorica | 02657597Income statement (PDF) | 2,536€ | -2.6% | 3,806,640€ | 10 |
| 5Not in the top 200 in 2021. | Koprivica Rosol Comerc Trade · Podgorica | 02302128Income statement (PDF) | 2,481€ | +596.9% | 7,712,304€ | 10 |
| 62021: rank 10 | Crnogorski Operator Tržišta Električne Energije Trade · Podgorica | 02849097Income statement (PDF) | 2,476€ | +22.4% | 723,883€ | 18 |
| 72021: rank 8 | Comtrade Distribution Trade · Podgorica | 02297248Income statement (PDF) | 2,459€ | +15.2% | 29,628,570€ | 27 |
| 82021: rank 4 | Montenegro Defence Industry Trade · Podgorica | 02236575Income statement (PDF) | 2,320€ | -2.7% | 6,203,226€ | 19 |
| 9Not in the top 200 in 2021. | Glovo Montenegro Trade · Podgorica | 03351475Income statement (PDF) | 2,249€ | +68.6% | 2,915,123€ | 19 |
| 102021: rank 9 | Montenegro Bonus Trade · Cetinje | 02384337Income statement (PDF) | 2,063€ | -1.1% | 10,425,487€ | 30 |
| 112021: rank 15 | Uniprom Pharm Trade · Nikšić | 02903954Income statement (PDF) | 1,971€ | +16.7% | 934,415€ | 11 |
| 12Not in the top 200 in 2021. | Lalizas Montenegro Trade · Tivat | 03174573Income statement (PDF) | 1,946€ | -0.4% | 721,299€ | 10 |
| 132021: rank 6 | Wurth Trade · Podgorica | 02672197Income statement (PDF) | 1,934€ | -11.6% | 3,181,499€ | 24 |
| 142021: rank 1 | Plus Trade · Podgorica | 03024938Income statement (PDF) | 1,933€ | -48.7% | 58,306,585€ | 16 |
| 152021: rank 16 | Ledo Trade · Podgorica | 02126265Income statement (PDF) | 1,875€ | +12.4% | 17,369,822€ | 104 |
| 162021: rank 13 | Also Montenegro Trade · Podgorica | 02412691Income statement (PDF) | 1,870€ | +7.2% | 5,414,108€ | 18 |
| 172021: rank 30 | G3 Spirits Trade · Podgorica | 02823381Income statement (PDF) | 1,811€ | +32.5% | 4,964,771€ | 17 |
| 182021: rank 14 | DMD Delta Trade · Podgorica | 02329115Income statement (PDF) | 1,793€ | +2.9% | 43,753,148€ | 63 |
| 192021: rank 7 | Carlsberg Montenegro Trade · Podgorica | 02657457Income statement (PDF) | 1,787€ | -16.6% | 19,676,013€ | 27 |
| 20Not in the top 200 in 2021. | Pontera Pharma Solutions Trade · Podgorica | 03141284Income statement (PDF) | 1,678€ | +10.5% | 2,607,948€ | 11 |
| 212021: rank 80 | Izbor Trade · Bar | 02003228Income statement (PDF) | 1,657€ | No meaningful percentage: the 2021 or current value is zero, negative, unknown or unreliable. | 903,368€ | 10 |
| 22Not in the top 200 in 2021. | Berba Trade · Tivat | 02811227Income statement (PDF) | 1,619€ | -17.7% | 3,206,284€ | 11 |
| 232021: rank 34 | Nelt Mne Trade · Podgorica | 02313707Income statement (PDF) | 1,609€ | +25.3% | 66,186,986€ | 189 |
| 242021: rank 27 | Osmi Red - D Trade · Podgorica | 02296705Income statement (PDF) | 1,606€ | +15.9% | 10,414,673€ | 28 |
| 25Not in the top 200 in 2021. | Medica Trade · Podgorica | 02171058Income statement (PDF) | 1,587€ | -1.7% | 8,376,590€ | 10 |
| 262021: rank 17 | Alumil Montenegro Trade · Podgorica | 02411865Income statement (PDF) | 1,566€ | -5.4% | 7,712,431€ | 20 |
| 272021: rank 21 | Glosarij CD Trade · Podgorica | 02894998Income statement (PDF) | 1,564€ | +3.4% | 12,538,572€ | 17 |
| 282021: rank 11 | Podravka Trade · Podgorica | 02355388Income statement (PDF) | 1,561€ | -22.8% | 8,466,492€ | 33 |
| 292021: rank 38 | Napredak Trade · Kotor | 02033542Income statement (PDF) | 1,551€ | +25.2% | 4,630,780€ | 51 |
| 302021: rank 20 | Glosarij Trade · Podgorica | 02118912Income statement (PDF) | 1,537€ | -3.2% | 112,812,666€ | 142 |
| 312021: rank 89 | Sincommerce Trade · Podgorica | 02202778Income statement (PDF) | 1,534€ | +75.9% | 7,146,892€ | 43 |
| 32Not in the top 200 in 2021. | Stela Bu2 Trade · Budva | 02925567Income statement (PDF) | 1,532€ | +310.7% | 3,390,254€ | 14 |
| 332021: rank 22 | Orbico Trade · Podgorica | 02864533Income statement (PDF) | 1,527€ | +2.0% | 3,195,893€ | 26 |
| 342021: rank 28 | Kim Tec CG Trade · Podgorica | 02438372Income statement (PDF) | 1,526€ | +10.5% | 15,874,061€ | 27 |
| 352021: rank 43 | Timicom Trade · Herceg Novi | 02305852Income statement (PDF) | 1,509€ | +29.0% | 4,482,668€ | 27 |
| 362021: rank 70 | Fashion Porto Trade · Tivat | 02654105Income statement (PDF) | 1,498€ | +57.0% | 3,713,644€ | 24 |
| 372021: rank 19 | Montenegro Duty Free Trade · Podgorica | 03277429Income statement (PDF) | 1,487€ | -7.5% | 6,407,442€ | 39 |
| 382021: rank 32 | Kansai Helios Crna Gora Trade · Podgorica | 02786761Income statement (PDF) | 1,466€ | +10.9% | 2,457,713€ | 10 |
| 392021: rank 12 | Ina - Crna Gora Trade · Podgorica | 02305054Income statement (PDF) | 1,463€ | -17.8% | 122,590,472€ | 129 |
| 40Not in the top 200 in 2021. | Intercom Trade · Podgorica | 02398729Income statement (PDF) | 1,445€ | +25.7% | 2,112,261€ | 10 |
| 412021: rank 85 | Next Auto Trade · Danilovgrad | 02861194Income statement (PDF) | 1,439€ | +64.3% | 18,192,930€ | 121 |
| 422021: rank 169 | Roma Company Trade · Danilovgrad | 02740338Income statement (PDF) | 1,430€ | +114.1% | 7,596,321€ | 16 |
| 432021: rank 60 | Iva Pharm Trade · Bar | 02772256Income statement (PDF) | 1,413€ | +43.7% | 878,715€ | 10 |
| 442021: rank 29 | Farmegra Trade · Podgorica | 02281864Income statement (PDF) | 1,409€ | +2.2% | 45,054,526€ | 87 |
| 452021: rank 44 | Farmont M.P. Trade · Danilovgrad | 02327066Income statement (PDF) | 1,397€ | +23.8% | 10,262,891€ | 43 |
| 46Not in the top 200 in 2021. | Digit Montenegro Trade · Podgorica | 02247488Income statement (PDF) | 1,394€ | +4.7% | 1,148,417€ | 10 |
| 472021: rank 23 | Emmeti Trade · Podgorica | 03021904Income statement (PDF) | 1,382€ | -6.2% | 2,258,027€ | 16 |
| 482021: rank 25 | Knjaz Miloš - Montenegro Trade · Kotor | 02309084Income statement (PDF) | 1,360€ | -3.9% | 11,183,876€ | 39 |
| 492021: rank 62 | Voli Motors Trade · Podgorica | 02846187Income statement (PDF) | 1,355€ | +38.8% | 6,480,806€ | 17 |
| 502021: rank 50 | Ćilimara Trade · Podgorica | 02324318Income statement (PDF) | 1,350€ | +29.2% | 3,665,421€ | 13 |
Showing 1–50 · top 50 of 522 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 2022, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is "ASSAIA DEVELOPMENT" D.O.O. 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