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 701–750 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* |
|---|
| 701 | Gala02400693 · Hospitality | <0.1% | 183,535€ | -10.1% | 29,447€ | 16.0% | 4 | 967€ |
| 702 | Adrialukas03353338 · Hospitality | <0.1% | 183,431€ | -18.0% | 35,850€ | 19.5% | 4 | 900€ |
| 703 | Veneziano Colori03283496 · Construction | <0.1% | 182,663€ | +304.3% | -23,866€ | -13.1% | 4 | 1,206€ |
| 704 | Urban Cakes03698548 · Hospitality | <0.1% | 182,475€ | +4,331.2% | 5,743€ | 3.1% | 7 | 676€ |
| 705 | MP - D Company02873044 · Trade | <0.1% | 182,205€ | +5.1% | 682€ | 0.4% | 11 | 974€ |
| 706 | Kraft-Soft03432246 · Technology | <0.1% | 182,011€ | -46.1% | 48,703€ | 26.8% | 1 | 4,005€ |
| 707 | Beatrix Group03406989 · Administrative services | <0.1% | 181,644€ | -28.6% | 17,969€ | 9.9% | 3 | 1,246€ |
| 708 | MCG Montenegro02749998 · Construction | <0.1% | 180,053€ | -73.9% | 98,129€ | 54.5% | 1 | 703€ |
| 709 | Gator02858479 · Trade | <0.1% | 178,840€ | -8.9% | 188€ | 0.1% | 5 | 1,065€ |
| 710 | Loper Tours02226634 · Hospitality | <0.1% | 178,266€ | -13.2% | 458€ | 0.3% | 9 | 657€ |
| 711 | MR Glass03277283 · Construction | <0.1% | 177,947€ | +81.0% | 17,127€ | 9.6% | 2 | 799€ |
| 712 | Makica Company03248976 · Trade | <0.1% | 177,732€ | +24.6% | 31,755€ | 17.9% | 4 | 793€ |
| 713 | LP Company03424618 · Hospitality | <0.1% | 177,546€ | +4.3% | 3,748€ | 2.1% | 4 | 1,429€ |
| 714 | Bogutovo-Montenegro03156036 · Trade | <0.1% | 177,061€ | +46.0% | 5,363€ | 3.0% | 1 | 678€ |
| 715 | Citadela02845539 · Hospitality | <0.1% | 177,058€ | +30.5% | 36,480€ | 20.6% | 4 | 1,169€ |
| 716 | BB Security03077063 · Administrative services | <0.1% | 176,849€ | -0.3% | 72,462€ | 41.0% | 1 | 6,045€ |
| 717 | Hermann03367444 · Trade | <0.1% | 176,391€ | -72.5% | 160,277€ | 90.9% | 1 | 453€ |
| 718 | T & M Commerce03037789 · Construction | <0.1% | 176,353€ | +74.5% | -52,413€ | -29.7% | 3 | 670€ |
| 719 | Mediteran Travel03032329 · Transport & logistics | <0.1% | 176,229€ | +33.5% | 21,236€ | 12.1% | 5 | 1,525€ |
| 720 | ST. Nikola’s03385370 · Hospitality | <0.1% | 176,055€ | +14.2% | 46,653€ | 26.5% | 5 | 691€ |
| 721 | Royal Crown03229823 · Administrative services | <0.1% | 175,413€ | +8.7% | 13,370€ | 7.6% | 10 | 1,074€ |
| 722 | Grand Stroy Group03151085 · Construction | <0.1% | 172,134€ | -79.5% | 19,384€ | 11.3% | 1 | 708€ |
| 723 | Egec Mne03336336 · Construction | <0.1% | 171,391€ | +93.9% | 20,687€ | 12.1% | 4 | 319€ |
| 724 | Hijos03701808 · Real estate | <0.1% | 171,360€ | +500.0% | 567€ | 0.3% | 1 | 2,937€ |
| 725 | Victory Solutions03180069 · Administrative services | <0.1% | 171,332€ | +87.3% | 28,466€ | 16.6% | 5 | 1,679€ |
| 726 | Urban Plants03619508 · Administrative services | <0.1% | 171,298€ | -55.2% | 32,016€ | 18.7% | 1 | 678€ |
| 727 | Provide03318648 · Hospitality | <0.1% | 170,479€ | +564.1% | 18,757€ | 11.0% | 5 | 559€ |
| 728 | Bay Good DMC03730387 · Transport & logistics | <0.1% | 170,178€ | No filing for 2024. | 69,600€ | 40.9% | 2 | 1,868€ |
| 729 | Forsage02753537 · Hospitality | <0.1% | 168,980€ | -27.2% | -11,518€ | -6.8% | 8 | 862€ |
| 730 | Vila Fashion03621014 · Trade | <0.1% | 168,865€ | +1,292.8% | -28,614€ | -16.9% | 4 | 517€ |
| 731 | Nav Company Trade03413691 · Hospitality | <0.1% | 168,751€ | +35.3% | 3,115€ | 1.8% | 2 | 959€ |
| 732 | Albiseh02677890 · Manufacturing | <0.1% | 167,254€ | +22.7% | 14,158€ | 8.5% | 6 | 787€ |
| 733 | Giuseppe Boka03692205 · Trade | <0.1% | 167,081€ | +1,023.5% | 24,632€ | 14.7% | 4 | 823€ |
| 734 | Feel Free Travel03205932 · Administrative services | <0.1% | 166,851€ | +10.8% | 6,800€ | 4.1% | 1 | 1,002€ |
| 735 | Nita03361292 · Manufacturing | <0.1% | 166,268€ | +2.1% | -27,447€ | -16.5% | 3 | 806€ |
| 736 | Nand03120341 · Arts & entertainment | <0.1% | 166,089€ | +348.6% | 61,674€ | 37.1% | 4 | 610€ |
| 737 | Gewdan03538630 · Trade | <0.1% | 165,903€ | +62.1% | -24,037€ | -14.5% | 1 | 1,295€ |
| 738 | Medical Centar Budva02954249 · Health & social care | <0.1% | 165,762€ | +5.5% | 6,614€ | 4.0% | 14 | 639€ |
| 739 | Rea Junior02401827 · Hospitality | <0.1% | 165,666€ | -0.7% | -6,244€ | -3.8% | 8 | 1,099€ |
| 740 | ZNF Montenegro03101410 · Administrative services | <0.1% | 164,482€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,256€ | -6.8% | 5 | 596€ |
| 741 | Ilk-Kraja03698874 · Construction | <0.1% | 163,407€ | +519.6% | 4,015€ | 2.5% | 9 | 1,107€ |
| 742 | 25 Avgust03086577 · Hospitality | <0.1% | 163,233€ | -3.0% | 13,207€ | 8.1% | 4 | 557€ |
| 743 | Montenegro Putnik02914417 · Transport & logistics | <0.1% | 162,807€ | -41.4% | 29,983€ | 18.4% | 3 | 600€ |
| 744 | Komuna02281023 · Arts & entertainment | <0.1% | 162,694€ | +8.9% | 1,996€ | 1.2% | 5 | 1,639€ |
| 745 | Mušura02232286 · Health & social care | <0.1% | 162,676€ | -5.1% | 6,754€ | 4.2% | 7 | 1,135€ |
| 746 | Mlaz02116553 · Trade | <0.1% | 162,318€ | +606.3% | 1,034€ | 0.6% | 4 | 466€ |
| 747 | Lotos CG03303543 · Construction | <0.1% | 161,929€ | +13.3% | 45,525€ | 28.1% | 2 | 563€ |
| 748 | Laweden03621103 · Professional services | <0.1% | 161,782€ | +339.3% | 23,705€ | 14.7% | 1 | 2,000€ |
| 749 | Momo - P03070298 · Construction | <0.1% | 161,646€ | -24.8% | 3,404€ | 2.1% | 4 | 824€ |
| 750 | Vučićević Bu-203732843 · Hospitality | <0.1% | 161,123€ | No filing for 2024. | 50,475€ | 31.3% | 3 | 1,000€ |