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 5001–5050 of 5,552
* 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* |
|---|
| 5001 | Harmony Makeup Beauty & Cosmetics03672948 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,092€ | — | 1 | 678€ |
| 5002 | Havara Tourism03615383 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,980€ | — | 1 | 922€ |
| 5003 | HCM General Trading03409643 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,342€ | — | 1 | 678€ |
| 5004 | Helenalab03452921 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 5005 | Helenika Group Mne03592499 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,646€ | — | 1 | 788€ |
| 5006 | Hera Cafe Turizm03447995 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 5007 | Hewalle Company03771571 · Administrative services | 0.0% | 0€ | No filing for 2024. | -2,867€ | — | 1 | — |
| 5008 | Hezarfen Group03656250 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,247€ | — | 1 | 675€ |
| 5009 | Highbury Carlton Group03767043 · Hospitality | 0.0% | 0€ | No filing for 2024. | -4,732€ | — | 1 | 394€ |
| 5010 | High Life03703002 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 5011 | Hillside Residences02849992 · Real estate | 0.0% | 0€ | -100.0% | -8,145€ | — | 1 | 670€ |
| 5012 | HKN-Insaat03587533 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 5013 | Holland Montenegro Investments02660962 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 5014 | Home Concept03383032 · Administrative services | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 5015 | Hope Management03381340 · Administrative services | 0.0% | 0€ | -100.0% | -11,719€ | — | 1 | 837€ |
| 5016 | Hotel Internacional03674711 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -143,786€ | — | 2 | 828€ |
| 5017 | Bam Montenegro02850028 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -35,598€ | — | 1 | 339€ |
| 5018 | HP Sirius Group03592561 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 5019 | HSM Construction03399729 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 5020 | HTB Group Mne03742415 · Construction | 0.0% | 0€ | No filing for 2024. | -6,104€ | — | 1 | 506€ |
| 5021 | Ibrahim Kerem Group Mne03401804 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,018€ | — | 1 | 675€ |
| 5022 | Idoneo03064441 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,184€ | — | 1 | — |
| 5023 | Igga Mne03495604 · Trade | 0.0% | 0€ | -100.0% | -8,691€ | — | 1 | 670€ |
| 5024 | Ikigai Global Real Estate03695093 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 5025 | Ik Tourism03632555 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 5026 | Il Giardino02852497 · Construction | 0.0% | 0€ | -100.0% | -4,990€ | — | 1 | — |
| 5027 | Ilgin Trade03395537 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 5028 | Ilke Homes03596532 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 5029 | Imadakara03511839 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,657€ | — | 1 | 800€ |
| 5030 | Imparator Company03274594 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 5031 | Imperija02388146 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,111€ | — | 2 | — |
| 5032 | Inam Tech03731596 · Technology | 0.0% | 0€ | No filing for 2024. | -1€ | — | 0 | — |
| 5033 | Inca Global03434079 · Manufacturing | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 5034 | Inci Razaki03157130 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,241€ | — | 1 | 678€ |
| 5035 | Indag03329178 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,584€ | — | 1 | 675€ |
| 5036 | Inggrup03485803 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,726€ | — | 1 | 684€ |
| 5037 | Iniciativa Mne03513386 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 5038 | Institut Global Ecology Safety System03354598 · Professional services | 0.0% | 0€ | No filing for 2024. | -1,065€ | — | 0 | — |
| 5039 | Invani Investment03381412 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,960€ | — | 1 | 678€ |
| 5040 | Irena Estate03667464 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,634€ | — | 1 | — |
| 5041 | Irengen02673568 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,218€ | — | 1 | 675€ |
| 5042 | Iron Brothers03647951 · Trade | 0.0% | 0€ | -100.0% | -10,038€ | — | 1 | 675€ |
| 5043 | Iron Medical03519112 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 5044 | Isco Engineering03617793 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,343€ | — | 1 | 675€ |
| 5045 | Island Montenegro03604063 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 5046 | Itech Corp03809978 · Manufacturing | 0.0% | 0€ | No filing for 2024. | -31€ | — | 1 | — |
| 5047 | Ivanović Commerce03309762 · Agriculture | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,877€ | — | 1 | 342€ |
| 5048 | Ivory Customs03749614 · Professional services | 0.0% | 0€ | No filing for 2024. | -4,470€ | — | 1 | 373€ |
| 5049 | Ivv Co03442462 · Trade | 0.0% | 0€ | -100.0% | -7,616€ | — | 1 | 625€ |
| 5050 | Izosmart Društvo za Specijalizovane i Ostale Građevinske Radove03363511 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,850€ | — | 1 | 677€ |