3,326 companies earned 758.90m€ in 2025, 4.3% of all company revenue in Montenegro. It ranks 4 of 25 municipalities by revenue. Revenue has grown 3.2× since 2015.

Municipality · 2025

Year

Overview Sectors and growth Projects All companies (3,326)

Overview

Revenue

758.90m€3.2× since 2015

4.3% of Montenegro's revenue

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Bar

3,326 companies earned 758.90m€ in 2025, 4.3% of all company revenue in Montenegro. It ranks 4 of 25 municipalities by revenue. Revenue has grown 3.2× since 2015.

Municipality · 2025

Year

Overview Sectors and growth Projects All companies (3,326)

Overview

Revenue

758.90m€3.2× since 2015

4.3% of Montenegro's revenue

20152025

Companies

3,326+2,020 since 2015

72.6 per 1,000 residents · Montenegro 57.3

20152025

Employees

12,0282.1× since 2015

Largest employer: Kadar Plus (519)

20152025

Profit margin

3.9%2.2 pts below average

Total profit: 29.89m€

This municipality 3.9%Montenegro: 6.1%

Payroll cost/emp./mo*

1,090€12% below average

Average per employee, not per company

This municipality 1,090€Montenegro: 1,242€

Revenue and companies since 2015

FinalPreliminary

Revenue in € million (bars) and filing companies (below), 2015–2025

239.4

262.2

301.1

333.4

351.9

318.1

391.0

548.4

592.1

674.3

758.9

20152016201720182019202020212022202320242025

1,3061,3801,4961,6631,8312,0222,1982,6943,1693,2693,326

Revenue and companies by year
Year	Revenue	Companies
2015	239,370,876€	1,306
2016	262,228,157€	1,380
2017	301,053,489€	1,496
2018	333,446,222€	1,663
2019	351,884,422€	1,831
2020	318,094,388€	2,022
2021	391,032,089€	2,198
2022	548,447,681€	2,694
2023	592,141,198€	3,169
2024	674,325,394€	3,269
2025 (Preliminary)	758,900,352€	3,326

Companies are assigned to the municipality of their current seat for every year

What changed in 2025

Growth is measured on the same companies, which filed for both years.

Revenue, same companies (2,945): 667.50m€ → 755.50m€
Employees, same companies: 10,937 → 11,596
Payroll cost per employee, same companies: 992€ → 1,116€
Filed for 2025, not for 2024: 381 companies · 3.40m€
Filed for 2024, not for 2025: 324 companies, 6.83m€ in 2024

Sectors and who is growing

Revenue by sector

Share of municipal revenue

Share in Montenegro

Trade 291.17m€Montenegro: 43.8%38.4%
Construction 99.83m€Montenegro: 11.9%13.2%
Transport & logistics 89.02m€Montenegro: 5.4%11.7%
Hospitality 76.99m€Montenegro: 7.2%10.1%
Manufacturing 64.87m€Montenegro: 8.2%8.5%
Professional services 43.61m€Montenegro: 4.3%5.7%
Energy, water & waste 20.48m€Montenegro: 5.4%2.7%
Other sectors (10) 72.95m€9.6%

Fastest growing

Revenue change vs 2024, companies with at least 1m€ that year

PGS Montenegro1.45m€ → 2.97m€
+104.9%
Zenšped Group2.37m€ → 4.54m€
+91.1%
2 Decembar5.38m€ → 9.06m€
+68.5%
Tesla Smart Systems International

Largest employers

Employees and payroll cost per employee per month*

Kadar Plus
5191,214€
Luka Bar
4851,334€
Komunalne Djelatnosti
3441,267€

Development signals and urban projects

Archive →

18/04/2024UPI 15 333 24 36 TAP JOVIĆI D.O.O. . (1.82 MB)Concept design approved
Date not published15 333 20 UPI 101 F2 doo Bar. (160.08 KB)Concept design approved
Date not published15 333 20 UPI 102 Bar trade doo Bar. (180.53 KB)Concept design approved
Date not published15 333 20 UPI 104 Misko tours doo bar. (181.71 KB)Concept design approved
Date not published15 333 20 UPI 108 Urban Place doo Bar R. (147.43 KB)Concept design approved

All companies (3,326)

Ranked by total revenue · Showing 401–407 of 407

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Companies in the municipality
#	Company	Revenue share	Revenue	Revenue change2024→2025	Profit

Showing 401-407 of 407

PreviousPage 9 / 9

* 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 →

Companies in Bar ranked by revenue 2025 →

Source: Tax Administration / CRPS·Currency: EUR

1.50m€ → 2.47m€

+65.4%

Gold Bar2.50m€ → 3.82m€

+52.7%

Port of Adria

2711,672€

Cerovo

2261,336€

Margin

Employees

Payroll cost/emp./mo*

401	TMD Montenegro Company03682358 · Construction	0.0%	0€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-8,469€	—	1	677€
402	Ulcinj Resort02622521 · Construction	0.0%	0€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-2,034€	—	1	—
403	Umitli03273440 · Construction	0.0%	0€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-14,123€	—	1	677€
404	Up Gradnja03500888 · Construction	0.0%	0€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-7,002€	—	1	333€
405	Vitalia Espanol Corporation03678733 · Construction	0.0%	0€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-14,390€	—	2	594€
406	Winmore Investments02703220 · Construction	0.0%	0€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-15,175€	—	1	—
407	Zlatni Izvor02632381 · Construction	0.0%	0€	No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.	-13,797€	—	1	678€

Revenue Revenue change Profit Margin Employees Payroll cost/emp./mo*Company

401
TMD Montenegro Company03682358 · Construction
Revenue share
0.0%
Revenue
0€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-8,469€
Margin
—
Employees
1
Payroll cost/emp./mo*
677€
402
Ulcinj Resort02622521 · Construction
Revenue share
0.0%
Revenue
0€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-2,034€
Margin
—
Employees
1
Payroll cost/emp./mo*
—
403
Umitli03273440 · Construction
Revenue share
0.0%
Revenue
0€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-14,123€
Margin
—
Employees
1
Payroll cost/emp./mo*
677€
404
Up Gradnja03500888 · Construction
Revenue share
0.0%
Revenue
0€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-7,002€
Margin
—
Employees
1
Payroll cost/emp./mo*
333€
405
Vitalia Espanol Corporation03678733 · Construction
Revenue share
0.0%
Revenue
0€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-14,390€
Margin
—
Employees
2
Payroll cost/emp./mo*
594€
406
Winmore Investments02703220 · Construction
Revenue share
0.0%
Revenue
0€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-15,175€
Margin
—
Employees
1
Payroll cost/emp./mo*
—
407
Zlatni Izvor02632381 · Construction
Revenue share
0.0%
Revenue
0€
Revenue change 2024→2025
No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
Profit
-13,797€
Margin
—
Employees
1
Payroll cost/emp./mo*
678€