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 151–200 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* |
|---|
| 151 | LLC Reca03531163 · Hospitality | <0.1% | 320,296€ | +23.5% | -35,037€ | -10.9% | 6 | 2,042€ |
| 152 | Casa Mia 203250679 · Hospitality | <0.1% | 317,326€ | +24.3% | 2,711€ | 0.9% | 5 | 1,402€ |
| 153 | Istok Lapčići03542785 · Hospitality | <0.1% | 315,864€ | -7.2% | -115,419€ | -36.5% | 12 | 882€ |
| 154 | Rakovac Komerc02208784 · Hospitality | <0.1% | 314,276€ | -17.4% | 1,780€ | 0.6% | 9 | 1,107€ |
| 155 | Adriatica A&V03355675 · Hospitality | <0.1% | 305,852€ | -27.2% | 12,433€ | 4.1% | 4 | 1,896€ |
| 156 | In Property03538923 · Hospitality | <0.1% | 304,902€ | +38.0% | 49,917€ | 16.4% | 4 | 763€ |
| 157 | Kalos Apartments03152197 · Hospitality | <0.1% | 303,338€ | -2.8% | 5,979€ | 2.0% | 5 | 747€ |
| 158 | Gregos03642674 · Hospitality | <0.1% | 303,214€ | +6,351.4% | 71,195€ | 23.5% | 4 | 1,540€ |
| 159 | Green Atlantic03035646 · Hospitality | <0.1% | 303,125€ | +21.6% | 7,113€ | 2.3% | 4 | 2,293€ |
| 160 | Davids03363856 · Hospitality | <0.1% | 300,401€ | +163.8% | 39,111€ | 13.0% | 5 | 1,127€ |
| 161 | Sunline Sea03751066 · Hospitality | <0.1% | 300,201€ | No filing for 2024. | 100,164€ | 33.4% | 7 | 388€ |
| 162 | Kusta02694557 · Hospitality | <0.1% | 291,315€ | -12.0% | -25,825€ | -8.9% | 10 | 738€ |
| 163 | Balun02468255 · Hospitality | <0.1% | 291,190€ | +1.2% | 1,098€ | 0.4% | 5 | 2,156€ |
| 164 | Belvedere Residence03121062 · Hospitality | <0.1% | 290,432€ | +1.3% | 58,265€ | 20.1% | 3 | 1,772€ |
| 165 | Monte Twins03636186 · Hospitality | <0.1% | 290,425€ | +601.3% | -53,018€ | -18.3% | 10 | 858€ |
| 166 | Monaco Co02708710 · Hospitality | <0.1% | 289,583€ | +5.4% | 12,496€ | 4.3% | 6 | 767€ |
| 167 | Respect-S Mne03408558 · Hospitality | <0.1% | 288,413€ | +99.4% | 31,028€ | 10.8% | 11 | 655€ |
| 168 | NN Relax02756951 · Hospitality | <0.1% | 288,132€ | +4.4% | 87,577€ | 30.4% | 8 | 783€ |
| 169 | Pontos03392279 · Hospitality | <0.1% | 286,902€ | +7.5% | 39,559€ | 13.8% | 5 | 1,074€ |
| 170 | Azimut Lux03073041 · Hospitality | <0.1% | 285,660€ | -11.0% | 23,878€ | 8.4% | 3 | 2,070€ |
| 171 | Muranka03349586 · Hospitality | <0.1% | 282,203€ | +457.9% | 39,214€ | 13.9% | 7 | 674€ |
| 172 | Pribilović RST03475581 · Hospitality | <0.1% | 281,068€ | +7.5% | -4,233€ | -1.5% | 10 | 746€ |
| 173 | Petrami02972689 · Hospitality | <0.1% | 280,136€ | +15.7% | 475€ | 0.2% | 7 | 926€ |
| 174 | SKY RS03404684 · Hospitality | <0.1% | 278,379€ | -1.3% | 20,739€ | 7.4% | 12 | 664€ |
| 175 | Le Duchesse M02437163 · Hospitality | <0.1% | 277,236€ | -21.7% | 60,235€ | 21.7% | 2 | 1,093€ |
| 176 | Liudmila i Maria Montenegro03325814 · Hospitality | <0.1% | 273,198€ | -10.5% | 38,292€ | 14.0% | 3 | 751€ |
| 177 | Punta Mala03519929 · Hospitality | <0.1% | 271,711€ | -15.4% | -12,935€ | -4.8% | 7 | 874€ |
| 178 | Big Mama03302806 · Hospitality | <0.1% | 271,302€ | -15.7% | 20,336€ | 7.5% | 11 | 757€ |
| 179 | W & Grand02466376 · Hospitality | <0.1% | 269,180€ | -2.1% | 19,545€ | 7.3% | 7 | 1,462€ |
| 180 | Vila Bojana Adriatic03728536 · Hospitality | <0.1% | 264,900€ | No filing for 2024. | 39,806€ | 15.0% | 4 | 538€ |
| 181 | Mitrović Co02083426 · Hospitality | <0.1% | 261,482€ | -34.8% | -21,638€ | -8.3% | 8 | 859€ |
| 182 | Sole Adriatic03168476 · Hospitality | <0.1% | 254,400€ | +37.3% | 3,183€ | 1.3% | 6 | 1,402€ |
| 183 | Four Views Properties03403866 · Hospitality | <0.1% | 253,224€ | -15.4% | 19,987€ | 7.9% | 3 | 2,083€ |
| 184 | Rasta02431351 · Hospitality | <0.1% | 252,240€ | -2.9% | 28,897€ | 11.5% | 3 | 617€ |
| 185 | Vanessa Turist02111853 · Hospitality | <0.1% | 243,456€ | -6.8% | 25,525€ | 10.5% | 5 | 1,249€ |
| 186 | Helios Promet02054132 · Hospitality | <0.1% | 242,381€ | +10.7% | 38,445€ | 15.9% | 2 | 563€ |
| 187 | Mives Group03284913 · Hospitality | <0.1% | 241,510€ | +0.4% | 150,378€ | 62.3% | 2 | 897€ |
| 188 | Smart Choice03658171 · Hospitality | <0.1% | 240,973€ | +112.0% | 116,167€ | 48.2% | 5 | 534€ |
| 189 | Tropicana 202928523 · Hospitality | <0.1% | 239,675€ | +20.6% | -5,035€ | -2.1% | 5 | 815€ |
| 190 | N V03039030 · Hospitality | <0.1% | 238,645€ | -26.8% | 13,932€ | 5.8% | 6 | 694€ |
| 191 | Pirates03000923 · Hospitality | <0.1% | 238,040€ | -22.9% | -14,850€ | -6.2% | 9 | 779€ |
| 192 | Adrialiga02730812 · Hospitality | <0.1% | 234,338€ | +70.9% | 43,437€ | 18.5% | 1 | 2,967€ |
| 193 | Cadica03158802 · Hospitality | <0.1% | 233,354€ | +7.8% | -266,799€ | -114.3% | 3 | 10,802€ |
| 194 | L&M 103357830 · Hospitality | <0.1% | 231,106€ | +5.0% | 3,260€ | 1.4% | 6 | 760€ |
| 195 | Tanopex03087603 · Hospitality | <0.1% | 229,879€ | +6.0% | 50,480€ | 22.0% | 4 | 622€ |
| 196 | La Casa Tourism03601811 · Hospitality | <0.1% | 226,250€ | +9,572.9% | 62,820€ | 27.8% | 0 | — |
| 197 | Brera Plus Ik03142787 · Hospitality | <0.1% | 222,715€ | -4.1% | 48,936€ | 22.0% | 4 | 618€ |
| 198 | Oak Leaf Residences03168077 · Hospitality | <0.1% | 222,227€ | -7.9% | -59,966€ | -27.0% | 10 | 668€ |
| 199 | Peks Company03746275 · Hospitality | <0.1% | 222,194€ | No filing for 2024. | 70,807€ | 31.9% | 1 | 803€ |
| 200 | River of Happiness02976072 · Hospitality | <0.1% | 214,537€ | +45.4% | -42,511€ | -19.8% | 9 | 825€ |