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 651–700 of 789
* 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* |
|---|
| 651 | South of Blue03801390 · Hospitality | 0.0% | 0€ | No filing for 2024. | -533€ | — | — | — |
| 652 | Stara Kubura03593045 · Hospitality | 0.0% | 0€ | -100.0% | -8,364€ | — | 1 | 675€ |
| 653 | Sun Montenegro03555399 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 654 | Sunrise Mne03459357 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,164€ | — | 1 | 926€ |
| 655 | Susloff.Me03351548 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,611€ | — | 1 | 675€ |
| 656 | Syrena Mne03538206 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,112€ | — | 1 | 676€ |
| 657 | Tasić Consult03385302 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,503€ | — | 1 | 672€ |
| 658 | Tastanlar03238431 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 659 | Thallasa03220192 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,071€ | — | 1 | 335€ |
| 660 | The Gecce03339777 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 338€ |
| 661 | The Orbs03704009 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 662 | Tiana Turizm03233766 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,776€ | — | 1 | 731€ |
| 663 | Tiramola03802876 · Hospitality | 0.0% | 0€ | No filing for 2024. | -925€ | — | 1 | — |
| 664 | TM Group03518523 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 665 | Toki Company03498930 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 666 | Tugce03192059 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,447€ | — | 1 | — |
| 667 | Unfold03297268 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,445€ | — | 1 | 677€ |
| 668 | Uras CNR03575098 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 669 | Vavi Montenegro03555437 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 670 | Vice03730417 · Hospitality | 0.0% | 0€ | No filing for 2024. | -1€ | — | — | — |
| 671 | Vip Services03113833 · Hospitality | 0.0% | 0€ | -100.0% | -4,893€ | — | 1 | 397€ |
| 672 | White Hous Group03675009 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,750€ | — | 1 | 563€ |
| 673 | World Grade03493326 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 674 | Yagoda Malina03643158 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,334€ | — | 1 | 670€ |
| 675 | YCD International03657647 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 676 | Pure Angel03035115 · Hospitality | 0.0% | 0€ | -100.0% | -5,946€ | — | 1 | 419€ |
| 677 | Erfolg02679060 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,875€ | — | 1 | 677€ |
| 678 | Metropol-In02838109 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,830€ | — | 1 | — |
| 679 | Z&D Trade03045234 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,254€ | — | 2 | 506€ |
| 680 | Adriatica Bu-203733939 · Hospitality | 0.0% | 0€ | No filing for 2024. | -2,670€ | — | 1 | — |
| 681 | Antonioli03754847 · Hospitality | 0.0% | 0€ | No filing for 2024. | -11,508€ | — | 1 | 796€ |
| 682 | Gomart03047261 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,264€ | — | 1 | 336€ |
| 683 | Joker Group03749673 · Hospitality | 0.0% | 0€ | No filing for 2024. | -7,998€ | — | 1 | 581€ |
| 684 | Kono Co03773965 · Hospitality | 0.0% | 0€ | No filing for 2024. | -964€ | — | 1 | — |
| 685 | Kristifor03222101 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,166€ | — | 1 | 679€ |
| 686 | Marshal03006085 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,248€ | — | 1 | 340€ |
| 687 | MD Invest02821745 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,309€ | — | 2 | 678€ |
| 688 | Petra Bu-203639860 · Hospitality | 0.0% | 0€ | -100.0% | -14,519€ | — | 1 | 670€ |
| 689 | Prova Pržno03743837 · Hospitality | 0.0% | 0€ | No filing for 2024. | -7,407€ | — | 1 | 576€ |
| 690 | Monte-Solo02637995 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,494€ | — | 1 | 675€ |
| 691 | Tortuga Island02669404 · Hospitality | 0.0% | 0€ | -100.0% | -17,152€ | — | 1 | 674€ |
| 692 | Boka Stars03213641 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 674€ |
| 693 | Oliva Trade02460769 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,146€ | — | 1 | 335€ |
| 694 | Vaš Dom02466040 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,072€ | — | 1 | 337€ |
| 695 | Nar Company02998025 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,072€ | — | 1 | 337€ |
| 696 | Zuzy03512401 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 697 | Fit-Budva02431963 · Hospitality | 0.0% | 0€ | -100.0% | -830€ | — | — | — |
| 698 | Sparta02744341 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,247€ | — | 1 | 339€ |
| 699 | Monte Hospitality03575551 · Hospitality | 0.0% | 0€ | -100.0% | -4,933€ | — | 2 | — |
| 700 | All Time Event03200841 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,690€ | — | 1 | 677€ |