Revenue
5.7% of Montenegro's revenue
5,552 companies earned 1.00b€ in 2025, 5.7% of all company revenue in Montenegro. It ranks 3 of 25 municipalities by revenue. Revenue has grown 2.6× since 2015.
5.7% of Montenegro's revenue
202.3 per 1,000 residents · Montenegro 57.3
Largest employer: Budvanska Rivijera (600)
Total profit: 26.90m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 383,810,343€ | 1,542 |
| 2016 | 444,494,047€ | 1,746 |
| 2017 | 472,980,155€ | 1,980 |
| 2018 | 530,680,779€ | 2,746 |
| 2019 | 560,118,454€ | 3,195 |
| 2020 | 330,171,815€ | 3,435 |
| 2021 | 522,432,693€ | 3,741 |
| 2022 | 708,025,501€ | 4,710 |
| 2023 | 892,278,713€ | 5,695 |
| 2024 | 962,555,670€ | 6,029 |
| 2025 (Preliminary) | 1,004,597,030€ | 5,552 |
The number of companies jumped most in 2022: from 3,741 to 4,710.
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 1,051
* 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 | Megapromet02365928 · Trade | 7.3% | 72,840,843€ | +35.7% | 1,988,222€ | 2.7% | 402 | 1,250€ |
| 2 | Slavija02415216 · Trade | 1.3% | 12,983,618€ | +6.0% | 715,034€ | 5.5% | 102 | 1,569€ |
| 3 | Stela Bu202925567 · Trade | 0.7% | 6,838,030€ | +10.4% | 541,107€ | 7.9% | 82 | 814€ |
| 4 | Vira03416291 · Trade | 0.6% | 6,230,346€ | -60.4% | 576,605€ | 9.3% | 3 | 825€ |
| 5 | Norma02168871 · Trade | 0.6% | 6,079,547€ | +61.7% | 356,591€ | 5.9% | 41 | 1,560€ |
| 6 | Stole&M.I.02378108 · Trade | 0.6% | 5,745,638€ | +12.3% | 137,802€ | 2.4% | 11 | 1,428€ |
| 7 | Podrumar02828499 · Trade | 0.4% | 4,496,157€ | -1.5% | 313,298€ | 7.0% | 10 | 996€ |
| 8 | Radona-Trade02208962 · Trade | 0.4% | 4,191,239€ | -0.5% | 554,568€ | 13.2% | 49 | 1,301€ |
| 9 | Dobra Priča03070603 · Trade | 0.4% | 4,068,792€ | +53.2% | 172,700€ | 4.2% | 3 | 1,606€ |
| 10 | Monolith Mne Service03359204 · Trade | 0.4% | 4,054,895€ | -14.1% | 311,482€ | 7.7% | 7 | 1,694€ |
| 11 | Atlantic Investment02935147 · Trade | 0.4% | 3,998,025€ | +20.5% | 78,932€ | 2.0% | 27 | 1,014€ |
| 12 | Frutko - Company02638240 · Trade | 0.4% | 3,910,698€ | +8.4% | 153,204€ | 3.9% | 13 | 1,085€ |
| 13 | Vuksanović Plus03013839 · Trade | 0.4% | 3,813,286€ | -8.5% | 127,985€ | 3.4% | 12 | 614€ |
| 14 | Svicomm02168537 · Trade | 0.4% | 3,723,821€ | -0.0% | 324,368€ | 8.7% | 55 | 1,074€ |
| 15 | Rivulet International03327302 · Trade | 0.3% | 2,818,615€ | +26.2% | 26,230€ | 0.9% | 2 | 1,373€ |
| 16 | D.N.F.02399393 · Trade | 0.3% | 2,579,986€ | +16.0% | 87,653€ | 3.4% | 20 | 368€ |
| 17 | Kod Zećana Company03063852 · Trade | 0.2% | 2,435,382€ | +4.8% | 36,260€ | 1.5% | 6 | 2,853€ |
| 18 | Nativa02403684 · Trade | 0.2% | 2,316,455€ | +9.4% | 431,239€ | 18.6% | 9 | 2,161€ |
| 19 | Mix Markt 380503360032 · Trade | 0.2% | 2,121,440€ | -16.3% | 107,001€ | 5.0% | 10 | 1,669€ |
| 20 | Maslovar02624125 · Trade | 0.2% | 2,024,529€ | +1.6% | 34,014€ | 1.7% | 7 | 920€ |
| 21 | Top Alco Brands Distribution03200825 · Trade | 0.2% | 1,840,966€ | -26.9% | 33,805€ | 1.8% | 1 | 2,417€ |
| 22 | Avanglion Mne02828855 · Trade | 0.2% | 1,816,022€ | +10.3% | 249,211€ | 13.7% | 20 | 1,449€ |
| 23 | Stara Boka02422450 · Trade | 0.2% | 1,688,403€ | +14.6% | 86,891€ | 5.1% | 16 | 1,296€ |
| 24 | MTK - Commerce02397528 · Trade | 0.2% | 1,680,687€ | -5.1% | 54,754€ | 3.3% | 18 | 1,328€ |
| 25 | Black Mountain Boats03572048 · Trade | 0.2% | 1,555,297€ | +16,486.3% | 46,667€ | 3.0% | 2 | 1,693€ |
| 26 | Bana Invest03189830 · Trade | 0.1% | 1,427,371€ | +27,020.9% | 547,689€ | 38.4% | 4 | 643€ |
| 27 | Mitrom Comerc02227002 · Trade | 0.1% | 1,383,881€ | +2.4% | 104,224€ | 7.5% | 8 | 712€ |
| 28 | Bono Sistem02906996 · Trade | 0.1% | 1,265,988€ | -1.1% | 94,043€ | 7.4% | 10 | 691€ |
| 29 | Virt Tehnics02758431 · Trade | 0.1% | 1,215,007€ | +17.6% | 40,405€ | 3.3% | 5 | 1,925€ |
| 30 | Elmax02395509 · Trade | 0.1% | 1,161,778€ | -4.7% | -24,972€ | -2.1% | 9 | 1,044€ |
| 31 | Win Gradnja03160939 · Trade | 0.1% | 1,133,204€ | -56.4% | -84,472€ | -7.5% | 9 | 1,493€ |
| 32 | Popović02398150 · Trade | 0.1% | 1,089,508€ | +13.2% | -10,235€ | -0.9% | 7 | 1,696€ |
| 33 | Arnica Montana02056119 · Trade | 0.1% | 1,068,408€ | -22.2% | 17,795€ | 1.7% | 7 | 1,099€ |
| 34 | Novopak03188019 · Trade | 0.1% | 1,011,769€ | +0.7% | 96,420€ | 9.5% | 3 | 1,006€ |
| 35 | Old Budva Souvenirs03117979 · Trade | <0.1% | 988,428€ | +34.4% | 213,029€ | 21.6% | 4 | 3,966€ |
| 36 | Monti03160009 · Trade | <0.1% | 988,291€ | -3.5% | 24,601€ | 2.5% | 3 | 687€ |
| 37 | Hemipro03039757 · Trade | <0.1% | 983,768€ | +28.3% | 72,647€ | 7.4% | 4 | 1,191€ |
| 38 | Ata02695529 · Trade | <0.1% | 964,124€ | +73.6% | 229,370€ | 23.8% | 13 | 1,454€ |
| 39 | Golijanin Plus02985837 · Trade | <0.1% | 937,210€ | +8.4% | 17,065€ | 1.8% | 8 | 1,402€ |
| 40 | Ferro Budva03216128 · Trade | <0.1% | 927,202€ | -7.6% | 59,379€ | 6.4% | 1 | 1,313€ |
| 41 | Mix Markt 380103268888 · Trade | <0.1% | 920,258€ | -5.9% | 23,733€ | 2.6% | 6 | 1,346€ |
| 42 | Maro Home03168158 · Trade | <0.1% | 866,967€ | +303.1% | 45,497€ | 5.2% | 6 | 894€ |
| 43 | Kod Zećana Co03315975 · Trade | <0.1% | 866,369€ | -7.6% | 87,605€ | 10.1% | 6 | 1,736€ |
| 44 | Molekul03069664 · Trade | <0.1% | 853,348€ | +4.6% | 4,340€ | 0.5% | 8 | 1,554€ |
| 45 | Ž & T Grič02441888 · Trade | <0.1% | 824,606€ | -3.3% | 105,298€ | 12.8% | 6 | 924€ |
| 46 | Opn Invest02638851 · Trade | <0.1% | 824,436€ | +0.7% | 11,367€ | 1.4% | 13 | 861€ |
| 47 | S.O. Group02676079 · Trade | <0.1% | 811,722€ | +27.4% | 144,139€ | 17.8% | 10 | 1,123€ |
| 48 | Jedro02873010 · Trade | <0.1% | 794,570€ | +58.0% | 107,812€ | 13.6% | 6 | 856€ |
| 49 | Nir02055945 · Trade | <0.1% | 773,734€ | -11.3% | 22,853€ | 3.0% | 6 | 1,248€ |
| 50 | Jelena Still02713233 · Trade | <0.1% | 762,374€ | -9.7% | -2,057€ | -0.3% | 5 | 603€ |