Montenegro companies 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 | Art Gradnja Bar Construction · Bar | 02812398Income statement (PDF) | 12,409€ | +24.2% | 4,552,618€ | 13 |
| 22024: rank 4 | Noblewood Market Trade · Tivat | 03514889Income statement (PDF) | 8,281€ | +21.8% | 5,612,784€ | 40 |
| 32024: rank 2 | Azmont Investments Real estate · Herceg Novi | 02893126Income statement (PDF) | 7,093€ | -14.0% | 39,574,821€ | 17 |
| 42024: rank 6 | Barska Plovidba Transport & logistics · Bar | 02324784Income statement (PDF) | 7,007€ | +15.0% | 10,383,095€ | 33 |
| 5Not in the top 200 in 2024. | Clicker Team Technology · Podgorica | 03648257Income statement (PDF) | 6,751€ | +62.1% | 1,652,490€ | 13 |
| 62024: rank 79 | LB Leisure Management Hospitality · Tivat | 03347958Income statement (PDF) | 6,750€ | +152.2% | 1,465,352€ | 20 |
| 72024: rank 3 | Linux Development Technology · Budva | 03421252Income statement (PDF) | 6,618€ | -8.3% | 1,283,200€ | 16 |
| 82024: rank 5 | Kontrola Letenja Srbije i Crne Gore Smatsa D.O.O.,beograd Transport & logistics · Podgorica | 02627744Income statement (PDF) | 6,543€ | +6.8% | 8,499,824€ | 102 |
| 9Not in the top 200 in 2024. | Milićević Elektro Construction · Nikšić | 03476740Income statement (PDF) | 5,893€ | +385.4% | 1,481,676€ | 13 |
| 10Not in the top 200 in 2024. | China Road & Bridge Corporation Construction · Podgorica | 03016480Income statement (PDF) | 5,592€ | +229.3% | 40,010,268€ | 14 |
| 112024: rank 44 | Mol Trening Centar (evropa) Education · Herceg Novi | 02347806Income statement (PDF) | 5,301€ | +64.0% | 1,323,022€ | 12 |
| 12Not in the top 200 in 2024. | Studio Prosport Video Arts & entertainment · Podgorica | 02733471Income statement (PDF) | 5,254€ | +210.5% | 2,508,871€ | 21 |
| 132024: rank 7 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 5,223€ | -12.2% | 90,337,909€ | 116 |
| 142024: rank 10 | Belka Games Me Technology · Budva | 03418545Income statement (PDF) | 5,079€ | -1.4% | 1,969,609€ | 23 |
| 152024: rank 19 | Lidl Crna Gora Real estate · Podgorica | 03348202Income statement (PDF) | 4,986€ | +20.2% | 14,909€ | 10 |
| 162024: rank 17 | The Headhunter Montenegro Professional services · Podgorica | 02967880Income statement (PDF) | 4,938€ | +16.7% | 1,856,383€ | 24 |
| 172024: rank 18 | Playrix Montenegro Technology · Podgorica | 03489159Income statement (PDF) | 4,741€ | +12.2% | 2,820,315€ | 42 |
| 182024: rank 11 | Perspektif Yapi Insaat Sanayi Ve Ticaret Anonim Sirketi Construction · Podgorica | 03482219Income statement (PDF) | 4,655€ | -8.0% | 10,710,762€ | 21 |
| 192024: rank 13 | Glovo Montenegro Trade · Podgorica | 03351475Income statement (PDF) | 4,258€ | -2.5% | 9,317,796€ | 23 |
| 202024: rank 122 | Unikop Omnia Hospitality · Budva | 03166180Income statement (PDF) | 4,205€ | +80.5% | 1,091,452€ | 10 |
| 212024: rank 70 | Fudbalski Klub Budućnost Arts & entertainment · Podgorica | 02707306Income statement (PDF) | 4,134€ | +47.9% | 6,881,422€ | 92 |
| 222024: rank 12 | Poliklinika Milmedika Health & social care · Nikšić | 03457036Income statement (PDF) | 4,126€ | -13.7% | 3,593,327€ | 41 |
| 232024: rank 42 | Fond za Inovacije Crne Gore Finance & insurance · Podgorica | 03382052Income statement (PDF) | 4,103€ | +20.7% | 5,425,419€ | 12 |
| 242024: rank 16 | HTL Devco Technology · Podgorica | 03421180Income statement (PDF) | 4,096€ | -5.0% | 1,269,476€ | 21 |
| 252024: rank 14 | Top Hill Hospitality · Budva | 02786818Income statement (PDF) | 4,058€ | -6.9% | 1,525,819€ | 13 |
| 262024: rank 39 | Datum Solutions Technology · Podgorica | 03073572Income statement (PDF) | 3,969€ | +12.3% | 1,393,891€ | 24 |
| 272024: rank 24 | Turk Hava Yollari Transport & logistics · Podgorica | 02794969Income statement (PDF) | 3,925€ | +0.9% | 2,406,410€ | 14 |
| 282024: rank 52 | Mankrik Technology · Budva | 03454517Income statement (PDF) | 3,908€ | +29.7% | 1,381,904€ | 16 |
| 292024: rank 196 | Businessart Professional services · Podgorica | 02401908Income statement (PDF) | 3,897€ | +93.5% | 1,070,232€ | 11 |
| 302024: rank 190 | Bio Save Administrative services · Podgorica | 02896168Income statement (PDF) | 3,880€ | +90.9% | 2,329,255€ | 10 |
| 312024: rank 33 | Tungsten Montenegro Technology · Podgorica | 03428184Income statement (PDF) | 3,870€ | +5.2% | 6,760,599€ | 117 |
| 322024: rank 25 | Epam Systems Montenegro Technology · Podgorica | 03381447Income statement (PDF) | 3,849€ | -1.0% | 12,563,722€ | 234 |
| 332024: rank 15 | N.V.Besix S.A. Montenegro Construction · Tivat | 02945371Income statement (PDF) | 3,830€ | -11.6% | 30,006,788€ | 38 |
| 342024: rank 40 | Fakultet za Pomorstvo i Turizam Bar Education · Bar | 02864096Income statement (PDF) | 3,779€ | +9.8% | 998,942€ | 12 |
| 35Not in the top 200 in 2024. | Građevinarstvo i Savjetovanje Construction · Podgorica | 02729571Income statement (PDF) | 3,735€ | +188.9% | 2,994,064€ | 10 |
| 362024: rank 36 | HRS Technologies Education · Budva | 03415775Income statement (PDF) | 3,719€ | +2.7% | 805,881€ | 13 |
| 372024: rank 34 | Zeta Energy Energy, water & waste · Danilovgrad | 02794624Income statement (PDF) | 3,692€ | +0.7% | 2,447,360€ | 14 |
| 382024: rank 37 | Terna Crna Gora Energy, water & waste · Podgorica | 02845237Income statement (PDF) | 3,658€ | +2.4% | 19,083,650€ | 13 |
| 39No filing for 2024. | Ledo Trade · Podgorica | 02126265Income statement (PDF) | 3,594€ | No filing for 2024. | 26,047,566€ | 114 |
| 402024: rank 106 | Saga CG Trade · Podgorica | 02657597Income statement (PDF) | 3,442€ | +39.8% | 3,446,741€ | 10 |
| 412024: rank 41 | Comtrade Distribution Trade · Podgorica | 02297248Income statement (PDF) | 3,413€ | -0.2% | 32,110,026€ | 29 |
| 42Not in the top 200 in 2024. | Xe Finance & insurance · Podgorica | 03023427Income statement (PDF) | 3,404€ | -16.7% | 5,954,325€ | 10 |
| 432024: rank 68 | Mamula Hotel Operating Company Hospitality · Tivat | 03396592Income statement (PDF) | 3,338€ | +18.7% | 1,517,004€ | 10 |
| 442024: rank 32 | Axians - Crna Gora Technology · Podgorica | 02358514Income statement (PDF) | 3,331€ | -10.3% | 2,390,812€ | 14 |
| 452024: rank 38 | Adriatic Marinas Arts & entertainment · Tivat | 02467593Income statement (PDF) | 3,301€ | -6.7% | 60,441,173€ | 212 |
| 462024: rank 29 | G5 Entertainment Technology · Podgorica | 03421198Income statement (PDF) | 3,265€ | -13.1% | 1,020,743€ | 29 |
| 472024: rank 9 | Zeta-Mine Mining · Nikšić | 03267458Income statement (PDF) | 3,227€ | -38.5% | 4,167,653€ | 60 |
| 48Not in the top 200 in 2024. | KPMG Professional services · Podgorica | 02626837Income statement (PDF) | 3,209€ | +12.2% | 757,424€ | 11 |
| 492024: rank 50 | Kodio Technology · Podgorica | 03191451Income statement (PDF) | 3,130€ | +3.3% | 679,234€ | 18 |
| 502024: rank 60 | Porsche Leasing Finance & insurance · Podgorica | 02694638Income statement (PDF) | 3,124€ | +7.9% | 5,802,443€ | 11 |
Showing 1–50 · top 50 of 2,657 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 DRUŠTVO ZA PROMET, USLUGE I GRAĐEVINARSTVO "ART GRADNJA BAR" D.O.O. 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