Revenue
4.3% of Montenegro's revenue
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.
4.3% of Montenegro's revenue
72.6 per 1,000 residents · Montenegro 57.3
Largest employer: Kadar Plus (519)
Total profit: 29.89m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| 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
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 382
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Recreatours02672227 · Hospitality | 1.4% | 10,998,058€ | +3.8% | 5,034,199€ | 45.8% | 118 | 943€ |
| 2 | Sato02924919 · Hospitality | 0.4% | 3,051,839€ | +20.8% | 483,666€ | 15.8% | 56 | 690€ |
| 3 | Hotel Princess03013464 · Hospitality | 0.4% | 2,837,992€ | +4.3% | 227,158€ | 8.0% | 75 | 1,054€ |
| 4 | Montenegro Warmth03667219 · Hospitality | 0.3% | 2,285,035€ | +259.2% | 77,771€ | 3.4% | 3 | 57,575€ |
| 5 | Ruža Vjetrova02172879 · Hospitality | 0.3% | 1,940,741€ | +1.9% | -575,584€ | -29.7% | 43 | 1,331€ |
| 6 | Trend Korali02774852 · Hospitality | 0.2% | 1,805,148€ | +518.0% | 1,234,511€ | 68.4% | 6 | 979€ |
| 7 | Vukmanović Montenegro02406403 · Hospitality | 0.2% | 1,451,610€ | -7.0% | 286,437€ | 19.7% | 1 | 7,181€ |
| 8 | Hobazomi03385949 · Hospitality | 0.2% | 1,418,692€ | +26.8% | 85,612€ | 6.0% | 31 | 882€ |
| 9 | Altaur03360822 · Hospitality | 0.2% | 1,281,692€ | +10.8% | 32,660€ | 2.5% | 32 | 996€ |
| 10 | Mornar Group03167160 · Hospitality | 0.2% | 1,220,958€ | +120.1% | 162,500€ | 13.3% | 12 | 807€ |
| 11 | Courier Eco02809940 · Hospitality | 0.1% | 1,043,417€ | +5.6% | 33,095€ | 3.2% | 24 | 969€ |
| 12 | Keramika Babović02338220 · Hospitality | 0.1% | 1,041,380€ | +16.9% | 17,327€ | 1.7% | 17 | 1,010€ |
| 13 | Pod Bedem03246850 · Hospitality | 0.1% | 1,035,923€ | +3.3% | 115,991€ | 11.2% | 17 | 1,573€ |
| 14 | Otrant Star03282503 · Hospitality | 0.1% | 935,436€ | +3,265.6% | -271,713€ | -29.0% | 22 | 708€ |
| 15 | Elektro Centar Kalamper02695413 · Hospitality | 0.1% | 906,090€ | +17.8% | 79,339€ | 8.8% | 8 | 941€ |
| 16 | Hotel De'andros Virpazar03555330 · Hospitality | 0.1% | 903,977€ | +32.4% | 31,155€ | 3.4% | 34 | 1,247€ |
| 17 | Winnie the Pooh03076784 · Hospitality | 0.1% | 839,199€ | +8.6% | 66,117€ | 7.9% | 25 | 1,071€ |
| 18 | Separe03295389 · Hospitality | 0.1% | 780,112€ | +9.0% | 27,572€ | 3.5% | 15 | 1,440€ |
| 19 | Your Time03452166 · Hospitality | <0.1% | 756,665€ | +42.8% | 77,813€ | 10.3% | 29 | 685€ |
| 20 | Fair Trade02931249 · Hospitality | <0.1% | 732,817€ | -3.0% | 137,977€ | 18.8% | 7 | 781€ |
| 21 | Uno Pizza Bar03437205 · Hospitality | <0.1% | 727,492€ | +11.7% | 14,280€ | 2.0% | 22 | 1,071€ |
| 22 | Đukica Tours02427621 · Hospitality | <0.1% | 717,582€ | -62.2% | 13,506€ | 1.9% | 14 | 917€ |
| 23 | Marx02921073 · Hospitality | <0.1% | 705,061€ | +3.2% | -16,113€ | -2.3% | 21 | 718€ |
| 24 | Dzambu03692523 · Hospitality | <0.1% | 674,125€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 255,818€ | 37.9% | 12 | 559€ |
| 25 | Le Petit Chateau02876230 · Hospitality | <0.1% | 668,854€ | -18.8% | -8,194€ | -1.2% | 35 | 626€ |
| 26 | Baskethand02932121 · Hospitality | <0.1% | 657,121€ | -48.6% | -38,761€ | -5.9% | 32 | 738€ |
| 27 | Plamenac02407558 · Hospitality | <0.1% | 636,787€ | -17.6% | 87,956€ | 13.8% | 12 | 958€ |
| 28 | Planet Plus03078272 · Hospitality | <0.1% | 608,550€ | +24.8% | 77,934€ | 12.8% | 6 | 816€ |
| 29 | M-Nova Company03315673 · Hospitality | <0.1% | 606,047€ | +36.1% | 155,521€ | 25.7% | 11 | 800€ |
| 30 | Central Park02867222 · Hospitality | <0.1% | 587,827€ | +2.6% | -16,431€ | -2.8% | 9 | 1,401€ |
| 31 | Pinos Playa03044327 · Hospitality | <0.1% | 574,749€ | +9.0% | 114,779€ | 20.0% | 9 | 1,047€ |
| 32 | DD&KA03529100 · Hospitality | <0.1% | 564,010€ | +90.6% | 60,010€ | 10.6% | 13 | 1,353€ |
| 33 | Braća Kolović03254003 · Hospitality | <0.1% | 500,568€ | +81.1% | -41,395€ | -8.3% | 6 | 2,365€ |
| 34 | Le - Mag03069583 · Hospitality | <0.1% | 472,738€ | -6.9% | 22,995€ | 4.9% | 13 | 1,114€ |
| 35 | Palma Tours02746808 · Hospitality | <0.1% | 463,199€ | -20.5% | 29,187€ | 6.3% | 5 | 584€ |
| 36 | Gabbiano VS02968070 · Hospitality | <0.1% | 459,603€ | -1.3% | 120,182€ | 26.1% | 2 | 707€ |
| 37 | Šejla Tours02796244 · Hospitality | <0.1% | 453,397€ | -8.7% | 5,699€ | 1.3% | 13 | 859€ |
| 38 | La Habana02843714 · Hospitality | <0.1% | 449,433€ | +3.9% | 98,715€ | 22.0% | 8 | 806€ |
| 39 | Antivari Star03024687 · Hospitality | <0.1% | 444,624€ | +114.1% | 68,117€ | 15.3% | 15 | 659€ |
| 40 | Kole Commerce02732009 · Hospitality | <0.1% | 432,338€ | -3.6% | 1,507€ | 0.3% | 8 | 1,366€ |
| 41 | Banjalučki Ćevap02860902 · Hospitality | <0.1% | 429,137€ | +16.5% | 26,871€ | 6.3% | 8 | 780€ |
| 42 | V&V Time03234746 · Hospitality | <0.1% | 423,703€ | +24.7% | 33,298€ | 7.9% | 9 | 1,295€ |
| 43 | Đulamerović Group03298540 · Hospitality | <0.1% | 419,502€ | +1.2% | 6,328€ | 1.5% | 21 | 486€ |
| 44 | Marlo03390918 · Hospitality | <0.1% | 405,456€ | +34.5% | 10,944€ | 2.7% | 13 | 688€ |
| 45 | Martina B02872323 · Hospitality | <0.1% | 404,087€ | +12.3% | 9,316€ | 2.3% | 13 | 926€ |
| 46 | Viktoria Montefood03374831 · Hospitality | <0.1% | 400,270€ | +70.2% | 5,392€ | 1.3% | 18 | 832€ |
| 47 | Imperial02798581 · Hospitality | <0.1% | 390,587€ | +13.2% | 41,413€ | 10.6% | 4 | 934€ |
| 48 | Thill03323005 · Hospitality | <0.1% | 382,632€ | +22.9% | 117,424€ | 30.7% | 7 | 1,871€ |
| 49 | L3 Montenegro03637875 · Hospitality | <0.1% | 367,358€ | +2,661.3% | -97,299€ | -26.5% | 13 | 1,259€ |
| 50 | Izvor Kod Petrovića02167921 · Hospitality | <0.1% | 366,520€ | +10.2% | 9,890€ | 2.7% | 14 | 711€ |