Awards Presented to the Most Successful Women in Business – Top Women Business Montenegro 2025
The Top Women Business Montenegro (TWBM) Awards for 2025 were presented at a formal ceremony in Podgorica, highlighting the achievements and growth of companies founded and led by women in Montenegro. The event also marked the launch of the fourth edition of the Top Women Business Montenegro magazine, featuring key trends, analysis, and success stories from women-led businesses over the past year.
The ceremony was opened by Ljiljana Burzan-Nikolić, Executive Director of BI Communication and the founder of the TWBM initiative, who emphasized that the goal of this platform is to build a system that ensures women equal access to resources, opportunities, and visibility in Montenegro’s business environment while affirming the values women bring to the modern economy.
“In the influence economy, a woman’s strength in business isn’t measured only by revenue, but by how much her knowledge, resources, and network inspire others.”
Burzan-Nikolić also noted that the recently held TWBM Empower Forum gathered representatives of institutions, international organizations, and the financial and business sectors to address barriers and opportunities for strengthening women’s entrepreneurship. Recommendations from the Forum will serve as a basis for shaping future policies that support the women’s economy in Montenegro.
She highlighted TWBM’s ongoing commitment to building a strong network of women in business, increasing the visibility of women’s achievements, and creating an environment where businesswomen are equal drivers of Montenegro’s economic development.
The importance of strategic support for women’s economic empowerment was underscored by Silke Hollander, Deputy Resident Representative of the United Nations Development Programme (UNDP) in Montenegro.
“The women who are awarded today show that success is not a coincidence, but the result of courage, perseverance, and the space society creates for female talent to grow. This requires institutions that understand equality as a prerequisite for development, and that women are the ones opening new opportunities and driving transformation. At UNDP, we remain committed to supporting women whose leadership, innovation, and vision shape the future of Montenegro’s economy.”
Martin Leberle, Chairman of the Management Board of NLB Bank, stated that women’s work, innovation, and business results have become an important force for change in Montenegro’s business environment:
“When women push boundaries, the whole community moves forward. We believe in women who dare, innovate, and achieve results — and we stand beside them as partners, supporters, and allies on their path of growth and success.
The NLB Women Empowerment Award is more than an award; it is a message that we believe in you, your vision, and your power to transform both the economy and society.” “
In the category of women-managed companies, the award for the most successful large enterprise went to Glosarij from Podgorica — accepted by Executive Director Mirjana Mijušković, who received this recognition for the second time. The most successful medium enterprise was Hemomont, with the award presented to Executive Director Snežana Perović. The award for the most successful small enterprise went to Entext Inženjering, received by Executive Director Anđelka Milutinović. The most successful micro-enterprise managed by a woman was Autotamaris from Tivat. The award was accepted by Tamara Radonjić on behalf of her mother, Zorica Radonjić, with whom she jointly manages this family business.
In the category of women-owned enterprises, the most successful medium company was OSMI RED D from Podgorica, whose owner Angelina Vuković received the award for the second time. The award for the most successful small business went to IK Real, accepted by owner Milena Klikovac. The most successful micro-enterprise owned by a woman was ZINZA, with the award presented to owner Jelena Kalezić.
For the first time, the NLB Empowerment Award was also presented — created within the ŽIG „Ženski biznis“ certification program and in partnership with NLB Bank. The inaugural award was given to Jasmina Mulić, founder of Mare Invest from Tivat, further expanding the visibility and support for women-led businesses.
Rankings for the TWBM Awards 2025 were based on official financial reports of companies and the internationally recognized IWA 34 definition of women-owned and women-led businesses. Analytical support was provided by BI Consulting. The ceremony was held at the Hilton Hotel and brought together representatives of institutions, companies, and the media.
