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 51–100 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* |
|---|
| 51 | Unikop Omnia03166180 · Hospitality | 0.1% | 1,091,452€ | +10.6% | -61,184€ | -5.6% | 10 | 4,205€ |
| 52 | Cinema Plus03084094 · Hospitality | 0.1% | 1,088,957€ | +36.4% | 3,038€ | 0.3% | 25 | 704€ |
| 53 | Catering Park03479803 · Hospitality | 0.1% | 1,079,745€ | +10.1% | 236,487€ | 21.9% | 22 | 1,056€ |
| 54 | Dva Kapetana03347583 · Hospitality | 0.1% | 1,053,988€ | -2.1% | -15,361€ | -1.5% | 29 | 1,156€ |
| 55 | GP Group03719685 · Hospitality | <0.1% | 1,003,028€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,608€ | 0.5% | 6 | 5,558€ |
| 56 | Ambiente Group03355179 · Hospitality | <0.1% | 992,948€ | +26.8% | 36,537€ | 3.7% | 2 | 9,533€ |
| 57 | Suntime02632934 · Hospitality | <0.1% | 910,179€ | -1.7% | -1,526,319€ | -167.7% | 28 | 1,221€ |
| 58 | Acd02426188 · Hospitality | <0.1% | 907,129€ | -5.2% | 24,976€ | 2.8% | 23 | 976€ |
| 59 | Tate02918013 · Hospitality | <0.1% | 901,161€ | +16.2% | 211,339€ | 23.5% | 11 | 1,491€ |
| 60 | Beograd02661705 · Hospitality | <0.1% | 873,033€ | -1.4% | 81,170€ | 9.3% | 31 | 1,026€ |
| 61 | Hattrick02163071 · Hospitality | <0.1% | 858,165€ | +12.6% | 224,936€ | 26.2% | 15 | 966€ |
| 62 | Casper Productio02448882 · Hospitality | <0.1% | 837,755€ | +14.5% | 97,057€ | 11.6% | 11 | 1,833€ |
| 63 | Brand Hotels03262359 · Hospitality | <0.1% | 794,864€ | +5.7% | 51,388€ | 6.5% | 11 | 1,342€ |
| 64 | Orizzonte03109470 · Hospitality | <0.1% | 791,117€ | +4.5% | 65,015€ | 8.2% | 20 | 512€ |
| 65 | Smokvica02982790 · Hospitality | <0.1% | 789,044€ | +374.7% | 148,002€ | 18.8% | 4 | 3,021€ |
| 66 | Villa Geba Management03251691 · Hospitality | <0.1% | 785,181€ | -3.4% | -548,628€ | -69.9% | 19 | 2,296€ |
| 67 | Franeta Gradnja02411822 · Hospitality | <0.1% | 781,285€ | -5.7% | 47,668€ | 6.1% | 5 | 1,337€ |
| 68 | System Group02698382 · Hospitality | <0.1% | 758,629€ | -8.5% | 6,437€ | 0.8% | 20 | 1,076€ |
| 69 | Moreta02715325 · Hospitality | <0.1% | 746,693€ | +14.0% | 197,939€ | 26.5% | 11 | 1,378€ |
| 70 | Pjati03161277 · Hospitality | <0.1% | 744,947€ | +25.7% | 223,067€ | 29.9% | 10 | 2,050€ |
| 71 | Ambassador Group03402754 · Hospitality | <0.1% | 731,094€ | -10.6% | 17,320€ | 2.4% | 20 | 952€ |
| 72 | Lir02062755 · Hospitality | <0.1% | 728,666€ | -0.2% | -16,829€ | -2.3% | 22 | 1,047€ |
| 73 | Medini Co03095304 · Hospitality | <0.1% | 695,450€ | +1.5% | 200,214€ | 28.8% | 11 | 1,100€ |
| 74 | Levante Real Estate03692558 · Hospitality | <0.1% | 683,006€ | +795.8% | 593,758€ | 86.9% | 1 | 682€ |
| 75 | Pešter Co02156598 · Hospitality | <0.1% | 680,191€ | +1.9% | 86,468€ | 12.7% | 11 | 837€ |
| 76 | Liza Vinci03267407 · Hospitality | <0.1% | 678,953€ | -11.8% | 20,242€ | 3.0% | 17 | 1,338€ |
| 77 | Kuljača Company02076446 · Hospitality | <0.1% | 664,874€ | +62.1% | 107,660€ | 16.2% | 8 | 1,098€ |
| 78 | O'salivan03210944 · Hospitality | <0.1% | 648,319€ | -21.5% | 144,666€ | 22.3% | 9 | 812€ |
| 79 | Olimpia R02427044 · Hospitality | <0.1% | 647,192€ | -6.4% | -24,725€ | -3.8% | 21 | 987€ |
| 80 | Li & Da03065430 · Hospitality | <0.1% | 631,373€ | +3.3% | 194,315€ | 30.8% | 4 | 1,519€ |
| 81 | Ventura02456982 · Hospitality | <0.1% | 588,076€ | +11.0% | 77,926€ | 13.3% | 11 | 1,096€ |
| 82 | Doli Commerc03361403 · Hospitality | <0.1% | 585,661€ | -11.2% | 130,735€ | 22.3% | 3 | 2,012€ |
| 83 | Basman Group03497046 · Hospitality | <0.1% | 581,527€ | +0.4% | 70,118€ | 12.1% | 11 | 1,209€ |
| 84 | Veluza02399326 · Hospitality | <0.1% | 579,928€ | +2.5% | 18,272€ | 3.2% | 16 | 747€ |
| 85 | Drago - Sveti Stefan03092518 · Hospitality | <0.1% | 566,947€ | -5.3% | 93,999€ | 16.6% | 7 | 1,647€ |
| 86 | Ag Harmony03190803 · Hospitality | <0.1% | 565,023€ | +20.2% | 73,418€ | 13.0% | 3 | 1,784€ |
| 87 | Sole Mio Group03544346 · Hospitality | <0.1% | 559,241€ | -13.8% | 64,620€ | 11.6% | 8 | 1,419€ |
| 88 | New Panini03069095 · Hospitality | <0.1% | 557,162€ | +25.2% | 111,155€ | 20.0% | 8 | 1,720€ |
| 89 | SZ Company03643697 · Hospitality | <0.1% | 556,566€ | +189.9% | 91,886€ | 16.5% | 7 | 1,592€ |
| 90 | Kadmos03071049 · Hospitality | <0.1% | 545,801€ | -3.4% | 102,706€ | 18.8% | 9 | 1,067€ |
| 91 | M Irena02370182 · Hospitality | <0.1% | 539,811€ | +22.7% | 55,055€ | 10.2% | 12 | 849€ |
| 92 | Dravla - Trade02431459 · Hospitality | <0.1% | 515,830€ | +36.4% | 27,098€ | 5.3% | 17 | 814€ |
| 93 | Family Hotels Group03482375 · Hospitality | <0.1% | 514,840€ | +151.6% | -68,409€ | -13.3% | 7 | 1,929€ |
| 94 | Aquario02659077 · Hospitality | <0.1% | 514,733€ | +24.2% | 113,451€ | 22.0% | 6 | 1,511€ |
| 95 | Monte Dream03368882 · Hospitality | <0.1% | 507,427€ | +8.3% | 6,294€ | 1.2% | 13 | 1,180€ |
| 96 | P.S. Company02672774 · Hospitality | <0.1% | 507,233€ | -24.7% | 42,622€ | 8.4% | 12 | 823€ |
| 97 | Menuet03236013 · Hospitality | <0.1% | 506,006€ | -7.7% | 3,031€ | 0.6% | 6 | 883€ |
| 98 | House Estate02667428 · Hospitality | <0.1% | 499,911€ | +63.0% | -40,501€ | -8.1% | 3 | 1,547€ |
| 99 | Horizont Invest Property Management03639088 · Hospitality | <0.1% | 494,219€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 57,951€ | 11.7% | 4 | 1,979€ |
| 100 | Zlatibor02688573 · Hospitality | <0.1% | 493,404€ | +21.5% | 159,509€ | 32.3% | 6 | 1,466€ |