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 501–550 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* |
|---|
| 501 | Teatro Mne03287475 · Arts & entertainment | <0.1% | 294,506€ | -8.6% | -26,020€ | -8.8% | 14 | 643€ |
| 502 | Maštolend03306526 · Education | <0.1% | 293,971€ | +35.2% | 32,750€ | 11.1% | 13 | 963€ |
| 503 | CNL Internacional02274035 · Manufacturing | <0.1% | 293,422€ | +171.1% | 189,879€ | 64.7% | 1 | 675€ |
| 504 | Modena Gradnja02809559 · Professional services | <0.1% | 292,377€ | -25.0% | 135,804€ | 46.4% | 2 | 699€ |
| 505 | Božović Plus02447860 · Construction | <0.1% | 292,319€ | +554.1% | 2,840€ | 1.0% | 4 | 1,076€ |
| 506 | Talas €03115135 · Professional services | <0.1% | 291,423€ | +25.5% | 732€ | 0.3% | 3 | 812€ |
| 507 | Kusta02694557 · Hospitality | <0.1% | 291,315€ | -12.0% | -25,825€ | -8.9% | 10 | 738€ |
| 508 | Balun02468255 · Hospitality | <0.1% | 291,190€ | +1.2% | 1,098€ | 0.4% | 5 | 2,156€ |
| 509 | Belvedere Residence03121062 · Hospitality | <0.1% | 290,432€ | +1.3% | 58,265€ | 20.1% | 3 | 1,772€ |
| 510 | Monte Twins03636186 · Hospitality | <0.1% | 290,425€ | +601.3% | -53,018€ | -18.3% | 10 | 858€ |
| 511 | Monaco Co02708710 · Hospitality | <0.1% | 289,583€ | +5.4% | 12,496€ | 4.3% | 6 | 767€ |
| 512 | Grading Mont Invest03207374 · Construction | <0.1% | 289,542€ | +41.4% | 32,224€ | 11.1% | 4 | 723€ |
| 513 | Horeca Trade02896974 · Trade | <0.1% | 289,413€ | +10.8% | 67,664€ | 23.4% | 2 | 1,677€ |
| 514 | Šuka02447061 · Administrative services | <0.1% | 289,168€ | +36.7% | 18,863€ | 6.5% | 2 | 3,696€ |
| 515 | O.K.02703386 · Transport & logistics | <0.1% | 288,562€ | +8.0% | -85,964€ | -29.8% | 10 | 857€ |
| 516 | Respect-S Mne03408558 · Hospitality | <0.1% | 288,413€ | +99.4% | 31,028€ | 10.8% | 11 | 655€ |
| 517 | NN Relax02756951 · Hospitality | <0.1% | 288,132€ | +4.4% | 87,577€ | 30.4% | 8 | 783€ |
| 518 | Balkan Montenegro Travel03573362 · Administrative services | <0.1% | 287,402€ | +44.6% | 1,107€ | 0.4% | 1 | 4,586€ |
| 519 | Umbrella PBS&SO03111822 · Professional services | <0.1% | 287,400€ | +0.5% | 2,016€ | 0.7% | 14 | 1,041€ |
| 520 | Master Consulting03655172 · Professional services | <0.1% | 287,069€ | +270.9% | 56,438€ | 19.7% | 8 | 1,907€ |
| 521 | Pontos03392279 · Hospitality | <0.1% | 286,902€ | +7.5% | 39,559€ | 13.8% | 5 | 1,074€ |
| 522 | Noviglance Group03262456 · Professional services | <0.1% | 286,723€ | +160.7% | 43,697€ | 15.2% | 1 | 929€ |
| 523 | Tea S03001750 · Trade | <0.1% | 286,660€ | +32.0% | 21,027€ | 7.3% | 3 | 632€ |
| 524 | Aren Montenegro03223922 · Construction | <0.1% | 286,364€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 142,681€ | 49.8% | 4 | 623€ |
| 525 | Azimut Lux03073041 · Hospitality | <0.1% | 285,660€ | -11.0% | 23,878€ | 8.4% | 3 | 2,070€ |
| 526 | Epic Event03746909 · Professional services | <0.1% | 285,159€ | No filing for 2024. | 29,884€ | 10.5% | 1 | 1,827€ |
| 527 | Finish Group03241025 · Construction | <0.1% | 282,726€ | +4.8% | 28,690€ | 10.1% | 4 | 554€ |
| 528 | Muranka03349586 · Hospitality | <0.1% | 282,203€ | +457.9% | 39,214€ | 13.9% | 7 | 674€ |
| 529 | Edak Construction03245292 · Construction | <0.1% | 281,986€ | -54.4% | 10,261€ | 3.6% | 2 | 928€ |
| 530 | Mix Markt 381103667804 · Trade | <0.1% | 281,173€ | +65.7% | -60,587€ | -21.5% | 4 | 934€ |
| 531 | Pribilović RST03475581 · Hospitality | <0.1% | 281,068€ | +7.5% | -4,233€ | -1.5% | 10 | 746€ |
| 532 | Petrami02972689 · Hospitality | <0.1% | 280,136€ | +15.7% | 475€ | 0.2% | 7 | 926€ |
| 533 | SKY RS03404684 · Hospitality | <0.1% | 278,379€ | -1.3% | 20,739€ | 7.4% | 12 | 664€ |
| 534 | Clover Group03320782 · Trade | <0.1% | 277,620€ | -0.9% | -25,278€ | -9.1% | 2 | 1,755€ |
| 535 | Monterra Development02917858 · Construction | <0.1% | 277,247€ | +321.2% | 43,346€ | 15.6% | 1 | 339€ |
| 536 | Le Duchesse M02437163 · Hospitality | <0.1% | 277,236€ | -21.7% | 60,235€ | 21.7% | 2 | 1,093€ |
| 537 | Mic02882612 · Construction | <0.1% | 276,637€ | +1,312.1% | 45,945€ | 16.6% | 2 | 339€ |
| 538 | Aycon Hotel Group03575594 · Professional services | <0.1% | 276,279€ | +88.8% | 154,496€ | 55.9% | 1 | 3,016€ |
| 539 | Liudmila i Maria Montenegro03325814 · Hospitality | <0.1% | 273,198€ | -10.5% | 38,292€ | 14.0% | 3 | 751€ |
| 540 | Druga Tehnička Kancelarija PCN03689042 · Professional services | <0.1% | 272,897€ | +1,719.3% | 100,516€ | 36.8% | 2 | 2,390€ |
| 541 | Vitamed03677028 · Trade | <0.1% | 271,867€ | +202.1% | -34,010€ | -12.5% | 5 | 1,361€ |
| 542 | Punta Mala03519929 · Hospitality | <0.1% | 271,711€ | -15.4% | -12,935€ | -4.8% | 7 | 874€ |
| 543 | Sami Trade02372720 · Trade | <0.1% | 271,473€ | +8.3% | 15,983€ | 5.9% | 3 | 955€ |
| 544 | Big Mama03302806 · Hospitality | <0.1% | 271,302€ | -15.7% | 20,336€ | 7.5% | 11 | 757€ |
| 545 | Avg Autopro02822172 · Transport & logistics | <0.1% | 270,936€ | +36.2% | 26,741€ | 9.9% | 10 | 542€ |
| 546 | W & Grand02466376 · Hospitality | <0.1% | 269,180€ | -2.1% | 19,545€ | 7.3% | 7 | 1,462€ |
| 547 | KLS02820544 · Transport & logistics | <0.1% | 267,446€ | +1.1% | -26,127€ | -9.8% | 12 | 535€ |
| 548 | Vejnović02913291 · Transport & logistics | <0.1% | 265,891€ | +15.5% | 11,930€ | 4.5% | 8 | 953€ |
| 549 | Vila Bojana Adriatic03728536 · Hospitality | <0.1% | 264,900€ | No filing for 2024. | 39,806€ | 15.0% | 4 | 538€ |
| 550 | Minas Inžinjering03590631 · Construction | <0.1% | 264,430€ | -29.1% | -80,457€ | -30.4% | 9 | 2,303€ |