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 101–150 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* |
|---|
| 101 | Salus02158248 · Hospitality | <0.1% | 486,867€ | +19.6% | 61,550€ | 12.6% | 7 | 1,244€ |
| 102 | Sasso Verde03660419 · Hospitality | <0.1% | 476,836€ | +68.3% | -142,075€ | -29.8% | 15 | 1,129€ |
| 103 | Lungo Mare Montenegro03174751 · Hospitality | <0.1% | 474,597€ | -12.9% | 12,178€ | 2.6% | 12 | 755€ |
| 104 | Aquariva03136418 · Hospitality | <0.1% | 474,564€ | -41.4% | -8,051€ | -1.7% | 12 | 523€ |
| 105 | Lux Sunrior03346994 · Hospitality | <0.1% | 465,857€ | +21.3% | -17,566€ | -3.8% | 3 | 1,351€ |
| 106 | Korkovado L Ivanović02883295 · Hospitality | <0.1% | 465,545€ | -6.8% | 369€ | 0.1% | 9 | 1,153€ |
| 107 | A. I. L.02398923 · Hospitality | <0.1% | 461,195€ | -37.6% | -14,956€ | -3.2% | 14 | 827€ |
| 108 | Kairos02408309 · Hospitality | <0.1% | 451,077€ | -66.4% | 20,557€ | 4.6% | 2 | 787€ |
| 109 | La Mar Inc03422020 · Hospitality | <0.1% | 450,528€ | +45.1% | 75,550€ | 16.8% | 6 | 1,749€ |
| 110 | Kolacimozart03128598 · Hospitality | <0.1% | 440,990€ | +58.0% | 13,939€ | 3.2% | 8 | 938€ |
| 111 | Lumbrella03017869 · Hospitality | <0.1% | 439,067€ | +121.5% | -124,533€ | -28.4% | 9 | 969€ |
| 112 | Antiquus03415252 · Hospitality | <0.1% | 436,246€ | +18.4% | 53,996€ | 12.4% | 5 | 1,976€ |
| 113 | Almix03082890 · Hospitality | <0.1% | 435,899€ | +39.9% | 72,756€ | 16.7% | 1 | 4,635€ |
| 114 | Konoba - Stari Grad02918633 · Hospitality | <0.1% | 435,435€ | -13.2% | -24,129€ | -5.5% | 8 | 1,972€ |
| 115 | M&S Kralj03302911 · Hospitality | <0.1% | 430,861€ | +17.3% | 22,483€ | 5.2% | 9 | 856€ |
| 116 | Svetionik02415232 · Hospitality | <0.1% | 427,557€ | -5.2% | 128,966€ | 30.2% | 2 | 509€ |
| 117 | Blanila02460211 · Hospitality | <0.1% | 423,408€ | +21.3% | 34,118€ | 8.1% | 8 | 911€ |
| 118 | Atos Plus03021025 · Hospitality | <0.1% | 421,679€ | +21.4% | 35,058€ | 8.3% | 7 | 1,340€ |
| 119 | Svetionik Jaz02655918 · Hospitality | <0.1% | 412,822€ | +9.4% | 860€ | 0.2% | 9 | 1,748€ |
| 120 | M.S.02675145 · Hospitality | <0.1% | 412,665€ | +33.7% | -17,684€ | -4.3% | 7 | 1,663€ |
| 121 | MMMD03447570 · Hospitality | <0.1% | 403,663€ | -7.9% | 12,227€ | 3.0% | 19 | 1,082€ |
| 122 | Admiral Montenegro02685736 · Hospitality | <0.1% | 400,370€ | -22.6% | -113,265€ | -28.3% | 8 | 1,201€ |
| 123 | Vavax Trade02779706 · Hospitality | <0.1% | 400,185€ | +12.2% | 45,603€ | 11.4% | 6 | 1,779€ |
| 124 | Luka's02404630 · Hospitality | <0.1% | 396,968€ | -10.3% | 2,522€ | 0.6% | 9 | 1,082€ |
| 125 | Elektrodistribucija Srbije02657546 · Hospitality | <0.1% | 393,002€ | +12.9% | 38,458€ | 9.8% | 5 | 1,745€ |
| 126 | Opera Jaz03138194 · Hospitality | <0.1% | 392,210€ | +93.7% | 107,699€ | 27.5% | 4 | 810€ |
| 127 | Bistro R02985594 · Hospitality | <0.1% | 390,782€ | +8.0% | -42,409€ | -10.9% | 5 | 2,178€ |
| 128 | Lobo Budva03744302 · Hospitality | <0.1% | 390,758€ | No filing for 2024. | 33,639€ | 8.6% | 3 | 765€ |
| 129 | Adn Old Town Company03343928 · Hospitality | <0.1% | 390,420€ | +10.6% | 46,369€ | 11.9% | 10 | 867€ |
| 130 | Knežević02076799 · Hospitality | <0.1% | 388,203€ | +40.7% | 4,611€ | 1.2% | 4 | 986€ |
| 131 | Trustgroup02673835 · Hospitality | <0.1% | 383,427€ | -12.6% | 29,034€ | 7.6% | 4 | 1,067€ |
| 132 | Peak03737926 · Hospitality | <0.1% | 381,434€ | No filing for 2024. | 9,769€ | 2.6% | 6 | 2,169€ |
| 133 | T.F. Group03032264 · Hospitality | <0.1% | 379,089€ | +2.8% | 31,798€ | 8.4% | 9 | 1,014€ |
| 134 | Mogren Company03044823 · Hospitality | <0.1% | 376,582€ | +33.1% | 66,556€ | 17.7% | 4 | 1,176€ |
| 135 | Harblue03381196 · Hospitality | <0.1% | 374,722€ | -15.4% | 30,004€ | 8.0% | 10 | 527€ |
| 136 | Teatro BD03568750 · Hospitality | <0.1% | 363,720€ | -0.7% | 17,984€ | 4.9% | 3 | 1,346€ |
| 137 | Prvi Maj03412059 · Hospitality | <0.1% | 362,637€ | +2.4% | 37,834€ | 10.4% | 5 | 1,930€ |
| 138 | Kasablanka02326183 · Hospitality | <0.1% | 360,819€ | +6.6% | 36,706€ | 10.2% | 10 | 710€ |
| 139 | Lucky Burger03666735 · Hospitality | <0.1% | 358,350€ | +225.8% | 13,274€ | 3.7% | 5 | 1,158€ |
| 140 | Melagrana03173097 · Hospitality | <0.1% | 356,279€ | +22.2% | 46,747€ | 13.1% | 3 | 1,589€ |
| 141 | Triglia03261492 · Hospitality | <0.1% | 351,702€ | -6.9% | 4,129€ | 1.2% | 8 | 723€ |
| 142 | Manjana03540324 · Hospitality | <0.1% | 349,455€ | -3.5% | 13,624€ | 3.9% | 7 | 1,189€ |
| 143 | Abd Group03555429 · Hospitality | <0.1% | 348,734€ | -8.2% | 11,332€ | 3.2% | 8 | 402€ |
| 144 | Butua Residence02900157 · Hospitality | <0.1% | 348,088€ | +64.3% | 134,928€ | 38.8% | 3 | 601€ |
| 145 | Mikro-International02380471 · Hospitality | <0.1% | 343,634€ | -17.5% | 84,652€ | 24.6% | 7 | 927€ |
| 146 | Hotel Palma Jaz03298027 · Hospitality | <0.1% | 342,007€ | +42.8% | 22,326€ | 6.5% | 6 | 530€ |
| 147 | Torpedo MD03427781 · Hospitality | <0.1% | 341,580€ | +19.4% | 48,959€ | 14.3% | 10 | 520€ |
| 148 | Šebelj02370204 · Hospitality | <0.1% | 340,758€ | -30.6% | -32,785€ | -9.6% | 10 | 1,024€ |
| 149 | Allure Company03498646 · Hospitality | <0.1% | 328,638€ | +17.8% | 36,443€ | 11.1% | 3 | 664€ |
| 150 | PAY&BAY03485030 · Hospitality | <0.1% | 321,066€ | -23.9% | -32,522€ | -10.1% | 13 | 806€ |