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 901–950 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* |
|---|
| 901 | Meta Digital03415040 · Professional services | <0.1% | 110,000€ | +3.8% | 2,755€ | 2.5% | 1 | 7,613€ |
| 902 | Karadag Group03410358 · Professional services | <0.1% | 109,862€ | +96.0% | 44,130€ | 40.2% | 6 | 724€ |
| 903 | Progress Company03128849 · Construction | <0.1% | 109,722€ | +66.9% | 15,767€ | 14.4% | 2 | 847€ |
| 904 | Monti Company03423077 · Construction | <0.1% | 109,563€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 22,283€ | 20.3% | 1 | 561€ |
| 905 | Coffee02851539 · Trade | <0.1% | 109,114€ | +23.0% | 1,558€ | 1.4% | 1 | 1,228€ |
| 906 | Veljko02787377 · Hospitality | <0.1% | 108,761€ | +3.7% | 27,152€ | 25.0% | 2 | 744€ |
| 907 | 10 Plus03651860 · Construction | <0.1% | 108,591€ | +27.5% | 49,152€ | 45.3% | 1 | 423€ |
| 908 | Estrih Lider03305511 · Construction | <0.1% | 108,280€ | -81.3% | -374,640€ | -346.0% | 50 | 805€ |
| 909 | Duki Komerc02371421 · Real estate | <0.1% | 107,821€ | +24.8% | 3,255€ | 3.0% | 5 | 808€ |
| 910 | Successo MN03079775 · Trade | <0.1% | 107,514€ | -49.6% | -17,147€ | -15.9% | 4 | 835€ |
| 911 | Ulazi Budve03236986 · Real estate | <0.1% | 107,427€ | -2.3% | -2,595€ | -2.4% | 5 | 1,516€ |
| 912 | K&M- Gradnja03673332 · Construction | <0.1% | 107,412€ | +995.0% | 33,622€ | 31.3% | 1 | 733€ |
| 913 | Maxper03309126 · Hospitality | <0.1% | 106,998€ | +3.1% | -18,227€ | -17.0% | 4 | 805€ |
| 914 | Red Feniks Montenegro02808048 · Real estate | <0.1% | 106,975€ | -30.6% | 10,660€ | 10.0% | 5 | 525€ |
| 915 | Naša Priča03080196 · Administrative services | <0.1% | 106,474€ | +326.0% | 42,990€ | 40.4% | 4 | 798€ |
| 916 | MF Travel03112241 · Transport & logistics | <0.1% | 106,472€ | +6.3% | 39,599€ | 37.2% | 1 | 740€ |
| 917 | Mali Kolektiv03242943 · Professional services | <0.1% | 106,382€ | +45.7% | 51,751€ | 48.6% | 1 | 1,885€ |
| 918 | Intel02343592 · Hospitality | <0.1% | 106,112€ | -35.6% | 53€ | 0.0% | 3 | 1,374€ |
| 919 | Lee - Fast03281213 · Trade | <0.1% | 106,074€ | +4.9% | -53,848€ | -50.8% | 2 | 1,550€ |
| 920 | LD Studio03219844 · Professional services | <0.1% | 105,519€ | +16.7% | 4,495€ | 4.3% | 3 | 848€ |
| 921 | Thermo Max Mne03478971 · Trade | <0.1% | 105,434€ | +430.0% | 6,281€ | 6.0% | 2 | 1,857€ |
| 922 | Hec Fakultet za Internacionalni Menadžment u Turizmu i Hotelijerstvu - Budva02881594 · Education | <0.1% | 105,305€ | -16.1% | 25,490€ | 24.2% | 4 | 1,311€ |
| 923 | Apia Trade03127109 · Trade | <0.1% | 104,646€ | +95.1% | 15,542€ | 14.9% | 4 | 810€ |
| 924 | Stojanović Plus03017567 · Construction | <0.1% | 104,339€ | +4.3% | 43,426€ | 41.6% | 2 | 1,006€ |
| 925 | Devite02432102 · Professional services | <0.1% | 103,858€ | -1.6% | 29,788€ | 28.7% | 4 | 801€ |
| 926 | P8103350452 · Trade | <0.1% | 103,665€ | +4.0% | -23,903€ | -23.1% | 6 | 879€ |
| 927 | Đina Pčelica Stvaralica03369196 · Administrative services | <0.1% | 103,500€ | +112.1% | 28,018€ | 27.1% | 2 | 1,115€ |
| 928 | Expertmobile03129543 · Trade | <0.1% | 103,480€ | -8.7% | 1,244€ | 1.2% | 4 | 497€ |
| 929 | M.B. Bonaca02456583 · Hospitality | <0.1% | 102,936€ | +1.9% | 2,426€ | 2.4% | 3 | 833€ |
| 930 | Antis Montenegro03194906 · Construction | <0.1% | 102,738€ | +128.3% | -23,775€ | -23.1% | 2 | — |
| 931 | Elamo Montenegro03546993 · Professional services | <0.1% | 102,642€ | -25.7% | 5,877€ | 5.7% | 3 | 1,288€ |
| 932 | Touchandgo03593797 · Hospitality | <0.1% | 102,349€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -87,325€ | -85.3% | 10 | 593€ |
| 933 | ZCH Kardesler03612384 · Construction | <0.1% | 101,856€ | +539.0% | -15,685€ | -15.4% | 1 | 9,516€ |
| 934 | Lipah Team03648788 · Construction | <0.1% | 101,745€ | +22.3% | 45€ | 0.0% | 2 | 1,260€ |
| 935 | Alu - Team02658879 · Manufacturing | <0.1% | 101,726€ | +29.1% | 1,683€ | 1.7% | 3 | 675€ |
| 936 | Fibzit03460932 · Technology | <0.1% | 101,542€ | +0.6% | 51,901€ | 51.1% | 1 | 970€ |
| 937 | Cobra Company03414868 · Construction | <0.1% | 101,467€ | +121.3% | -25,929€ | -25.6% | 4 | 954€ |
| 938 | Fratelli02971402 · Administrative services | <0.1% | 100,978€ | +36.8% | -38,275€ | -37.9% | 2 | 548€ |
| 939 | Đurašević Company02400847 · Trade | <0.1% | 100,609€ | -1.5% | 4,833€ | 4.8% | 2 | 717€ |
| 940 | Asimgard03661083 · Hospitality | <0.1% | 100,507€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,728€ | -21.6% | 4 | 732€ |
| 941 | Mona03118371 · Hospitality | <0.1% | 100,484€ | +9.7% | -5,855€ | -5.8% | 7 | 459€ |
| 942 | Lens Teknoloji03710084 · Trade | <0.1% | 100,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,628€ | -12.6% | 13 | 487€ |
| 943 | Studio R.A.F.F.03279065 · Professional services | <0.1% | 99,836€ | +80.4% | 9,748€ | 9.8% | 3 | 1,240€ |
| 944 | Sinbia03263568 · Hospitality | <0.1% | 99,798€ | +254.3% | 35,473€ | 35.5% | 2 | 419€ |
| 945 | Jasa02935066 · Hospitality | <0.1% | 99,611€ | -44.8% | -21,973€ | -22.1% | 3 | 450€ |
| 946 | Kalezić Car Wash03134776 · Transport & logistics | <0.1% | 99,603€ | +75.6% | -18,339€ | -18.4% | 1 | 848€ |
| 947 | Baia International03632946 · Professional services | <0.1% | 99,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 80,648€ | 81.5% | 1 | 687€ |
| 948 | Ah Technology02924285 · Real estate | <0.1% | 98,829€ | -35.0% | 35,894€ | 36.3% | 2 | 654€ |
| 949 | Dental Studio Glušica Pržno03321622 · Health & social care | <0.1% | 98,744€ | +9.1% | 5,988€ | 6.1% | 6 | 789€ |
| 950 | Amd Project 202203474798 · Professional services | <0.1% | 98,722€ | +14.9% | 665€ | 0.7% | 1 | 675€ |