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 1451–1500 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* |
|---|
| 1451 | Seven Real Estate03180166 · Real estate | <0.1% | 36,305€ | +27.1% | -16,819€ | -46.3% | 4 | 735€ |
| 1452 | Livada02993805 · Trade | <0.1% | 36,210€ | +125.9% | 4,466€ | 12.3% | 3 | 563€ |
| 1453 | MM Home03424863 · Administrative services | <0.1% | 36,154€ | -11.5% | -11,345€ | -31.4% | 2 | 721€ |
| 1454 | TVM Montenegro03398510 · Administrative services | <0.1% | 36,124€ | -31.8% | -47,567€ | -131.7% | 2 | 343€ |
| 1455 | Vanmatterhorn03519619 · Real estate | <0.1% | 36,059€ | -52.6% | 6,279€ | 17.4% | 1 | 941€ |
| 1456 | Blue Coast Travel03134474 · Administrative services | <0.1% | 36,020€ | -23.8% | 1,463€ | 4.1% | 2 | 1,046€ |
| 1457 | Zazenfly Development03551318 · Technology | <0.1% | 36,016€ | +109.8% | 7,258€ | 20.2% | 2 | 611€ |
| 1458 | Monteuro03158772 · Professional services | <0.1% | 36,001€ | +5.9% | 10,964€ | 30.5% | 2 | 926€ |
| 1459 | Itcorp03679870 · Technology | <0.1% | 36,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,081€ | -30.8% | 3 | 759€ |
| 1460 | MP-Teh02958988 · Real estate | <0.1% | 36,000€ | +33.3% | 19,893€ | 55.3% | 1 | 667€ |
| 1461 | Dijamant Beton03128423 · Construction | <0.1% | 35,936€ | -38.6% | 853€ | 2.4% | 1 | 676€ |
| 1462 | Palacio Del Mar03365549 · Hospitality | <0.1% | 35,876€ | -13.7% | -23,654€ | -65.9% | 3 | 1,463€ |
| 1463 | Altun03677362 · Construction | <0.1% | 35,860€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 7,842€ | 21.9% | 1 | 1,204€ |
| 1464 | Amm Fermax03279944 · Construction | <0.1% | 35,695€ | -26.3% | -11,281€ | -31.6% | 1 | 2,300€ |
| 1465 | Meridian Company02254069 · Administrative services | <0.1% | 35,657€ | -78.9% | -10,846€ | -30.4% | 4 | 656€ |
| 1466 | Elz Company03670856 · Construction | <0.1% | 35,596€ | +84.5% | -6,231€ | -17.5% | 2 | 879€ |
| 1467 | Adria Stone02890429 · Real estate | <0.1% | 35,545€ | -25.7% | -35,283€ | -99.3% | 4 | 928€ |
| 1468 | La Joya Company03670490 · Trade | <0.1% | 35,206€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 11,369€ | 32.3% | 5 | — |
| 1469 | DR Knežević02807181 · Health & social care | <0.1% | 35,183€ | +6.7% | -4,896€ | -13.9% | 4 | 755€ |
| 1470 | Internetcentar02739054 · Technology | <0.1% | 35,176€ | +3.2% | 1,636€ | 4.7% | 1 | 1,050€ |
| 1471 | Alara Energy Group03340317 · Trade | <0.1% | 35,034€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 23,894€ | 68.2% | 1 | 928€ |
| 1472 | Stellina03654044 · Professional services | <0.1% | 35,000€ | +75.3% | 47€ | 0.1% | 1 | 2,348€ |
| 1473 | Red Bridg03083250 · Hospitality | <0.1% | 34,896€ | +49.3% | -19,565€ | -56.1% | 4 | 636€ |
| 1474 | Good Car03198073 · Administrative services | <0.1% | 34,816€ | +20.2% | 946€ | 2.7% | 3 | 440€ |
| 1475 | MNG Build03489973 · Real estate | <0.1% | 34,709€ | +71.7% | 10,386€ | 29.9% | 3 | 391€ |
| 1476 | Lightning Digital Solutions03393640 · Technology | <0.1% | 34,696€ | -26.5% | 16,259€ | 46.9% | 1 | 950€ |
| 1477 | Clarson Properties Limited02669480 · Construction | <0.1% | 34,685€ | +97.2% | 9,881€ | 28.5% | 1 | 768€ |
| 1478 | Shapirov03465837 · Technology | <0.1% | 34,600€ | +21.4% | 2,214€ | 6.4% | 1 | 2,572€ |
| 1479 | Bazis Montenegro02726181 · Real estate | <0.1% | 34,600€ | -16.1% | 3,578€ | 10.3% | 2 | 853€ |
| 1480 | Kod Studio03147185 · Professional services | <0.1% | 34,585€ | +385.1% | -33,070€ | -95.6% | 3 | 849€ |
| 1481 | Liksi 103640353 · Trade | <0.1% | 34,578€ | +15.2% | 1,957€ | 5.7% | 1 | 583€ |
| 1482 | Penso03413985 · Trade | <0.1% | 34,494€ | -24.2% | -43,371€ | -125.7% | 2 | 548€ |
| 1483 | Altus-Inženjering02256665 · Professional services | <0.1% | 34,450€ | -38.9% | -17,714€ | -51.4% | 3 | 795€ |
| 1484 | Olvi Mne03520030 · Professional services | <0.1% | 34,427€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 10,120€ | 29.4% | 3 | 675€ |
| 1485 | Bruka02655527 · Trade | <0.1% | 34,347€ | +107.6% | 862€ | 2.5% | 2 | 575€ |
| 1486 | Creative Lab Studio Design03085953 · Professional services | <0.1% | 34,337€ | -18.6% | 2,629€ | 7.7% | 2 | 1,015€ |
| 1487 | 4 Seasons02823560 · Trade | <0.1% | 34,283€ | +69.6% | -9,797€ | -28.6% | 3 | 608€ |
| 1488 | Lux Invest03486745 · Trade | <0.1% | 34,102€ | +424.6% | 17,517€ | 51.4% | 1 | 925€ |
| 1489 | Elmina03223345 · Professional services | <0.1% | 33,976€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 15,752€ | 46.4% | 1 | 1,252€ |
| 1490 | Blend03503747 · Personal services | <0.1% | 33,910€ | +67.0% | 1,790€ | 5.3% | 1 | 2,479€ |
| 1491 | Ilayda03212351 · Construction | <0.1% | 33,892€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 25,748€ | 76.0% | 1 | 679€ |
| 1492 | Eco-Build03121801 · Professional services | <0.1% | 33,887€ | -37.8% | -388€ | -1.1% | 2 | 393€ |
| 1493 | BD77703558126 · Hospitality | <0.1% | 33,634€ | +15.3% | -764€ | -2.3% | 1 | 678€ |
| 1494 | Poker Shop03113035 · Trade | <0.1% | 33,592€ | +44.9% | 5,027€ | 15.0% | 1 | 924€ |
| 1495 | Interex02791242 · Trade | <0.1% | 33,559€ | -6.1% | -3,217€ | -9.6% | 2 | 994€ |
| 1496 | Alta02381192 · Hospitality | <0.1% | 33,543€ | +44.6% | 45€ | 0.1% | 2 | 675€ |
| 1497 | Gorent03442071 · Administrative services | <0.1% | 33,351€ | +49.2% | -11,362€ | -34.1% | 2 | 526€ |
| 1498 | Boing Elektriks03362329 · Construction | <0.1% | 33,346€ | -13.2% | 11,196€ | 33.6% | 1 | 335€ |
| 1499 | Hope’s Hair Design03620956 · Personal services | <0.1% | 33,293€ | +171.6% | -5,315€ | -16.0% | 3 | 808€ |
| 1500 | Vering03154998 · Construction | <0.1% | 33,272€ | +187.1% | 13,245€ | 39.8% | 1 | 336€ |