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 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* |
|---|
| 151 | Avanglion - CG02399644 · Hospitality | 0.1% | 1,200,413€ | +65.7% | 248,495€ | 20.7% | 15 | 1,214€ |
| 152 | Praxis02955113 · Hospitality | 0.1% | 1,184,238€ | +12.3% | -93,780€ | -7.9% | 29 | 1,258€ |
| 153 | R D Z02902672 · Construction | 0.1% | 1,175,019€ | +25.6% | 152,449€ | 13.0% | 14 | 717€ |
| 154 | Elmax02395509 · Trade | 0.1% | 1,161,778€ | -4.7% | -24,972€ | -2.1% | 9 | 1,044€ |
| 155 | Zevs Compani02982994 · Construction | 0.1% | 1,157,220€ | +26.6% | 125,307€ | 10.8% | 12 | 1,641€ |
| 156 | Fontana Centar03161617 · Hospitality | 0.1% | 1,149,760€ | -19.2% | -285,521€ | -24.8% | 35 | 1,195€ |
| 157 | Jo-Pe-La03065286 · Hospitality | 0.1% | 1,144,342€ | -2.4% | 398,696€ | 34.8% | 15 | 856€ |
| 158 | Win Gradnja03160939 · Trade | 0.1% | 1,133,204€ | -56.4% | -84,472€ | -7.5% | 9 | 1,493€ |
| 159 | Stabilis Investment03107191 · Construction | 0.1% | 1,122,645€ | -85.4% | 69,433€ | 6.2% | 1 | 8,459€ |
| 160 | Tara Gradnja03209733 · Construction | 0.1% | 1,099,877€ | -30.9% | 1,281€ | 0.1% | 7 | 1,270€ |
| 161 | Unikop Omnia03166180 · Hospitality | 0.1% | 1,091,452€ | +10.6% | -61,184€ | -5.6% | 10 | 4,205€ |
| 162 | Popović02398150 · Trade | 0.1% | 1,089,508€ | +13.2% | -10,235€ | -0.9% | 7 | 1,696€ |
| 163 | Cinema Plus03084094 · Hospitality | 0.1% | 1,088,957€ | +36.4% | 3,038€ | 0.3% | 25 | 704€ |
| 164 | Svjetlost03030709 · Health & social care | 0.1% | 1,087,119€ | +33.6% | 18,041€ | 1.7% | 5 | 4,509€ |
| 165 | Catering Park03479803 · Hospitality | 0.1% | 1,079,745€ | +10.1% | 236,487€ | 21.9% | 22 | 1,056€ |
| 166 | Mix Markt Mne03482022 · Professional services | 0.1% | 1,075,294€ | +53.2% | -3,036€ | -0.3% | 5 | 2,691€ |
| 167 | Arnica Montana02056119 · Trade | 0.1% | 1,068,408€ | -22.2% | 17,795€ | 1.7% | 7 | 1,099€ |
| 168 | Mediteran Reklame02380463 · Professional services | 0.1% | 1,061,269€ | +7.0% | 35,767€ | 3.4% | 48 | 1,347€ |
| 169 | Dva Kapetana03347583 · Hospitality | 0.1% | 1,053,988€ | -2.1% | -15,361€ | -1.5% | 29 | 1,156€ |
| 170 | S & i Company02416824 · Administrative services | 0.1% | 1,050,341€ | +96.1% | 55,506€ | 5.3% | 4 | 1,421€ |
| 171 | Sunny Resort03213668 · Construction | 0.1% | 1,047,998€ | -61.5% | 95,912€ | 9.2% | 7 | 711€ |
| 172 | Perimex02110881 · Personal services | 0.1% | 1,047,599€ | +29.1% | 56,706€ | 5.4% | 11 | 1,301€ |
| 173 | Deluxe Estate Montenegro03578062 · Construction | 0.1% | 1,046,151€ | +28,984.0% | 101,075€ | 9.7% | 1 | 3,039€ |
| 174 | Humana Reprodukcija02931761 · Health & social care | 0.1% | 1,032,585€ | +2.3% | 149,446€ | 14.5% | 11 | 2,247€ |
| 175 | Mercur-Evropa02204509 · Construction | 0.1% | 1,016,656€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 224,491€ | 22.1% | 2 | 580€ |
| 176 | Novopak03188019 · Trade | 0.1% | 1,011,769€ | +0.7% | 96,420€ | 9.5% | 3 | 1,006€ |
| 177 | Car-Mont02260514 · Construction | <0.1% | 1,003,487€ | +43.1% | 156,712€ | 15.6% | 15 | — |
| 178 | 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€ |
| 179 | Ambiente Group03355179 · Hospitality | <0.1% | 992,948€ | +26.8% | 36,537€ | 3.7% | 2 | 9,533€ |
| 180 | Luminalis02412845 · Administrative services | <0.1% | 989,066€ | +29.7% | 397,502€ | 40.2% | 12 | 2,375€ |
| 181 | Old Budva Souvenirs03117979 · Trade | <0.1% | 988,428€ | +34.4% | 213,029€ | 21.6% | 4 | 3,966€ |
| 182 | Monti03160009 · Trade | <0.1% | 988,291€ | -3.5% | 24,601€ | 2.5% | 3 | 687€ |
| 183 | Hemipro03039757 · Trade | <0.1% | 983,768€ | +28.3% | 72,647€ | 7.4% | 4 | 1,191€ |
| 184 | Ata02695529 · Trade | <0.1% | 964,124€ | +73.6% | 229,370€ | 23.8% | 13 | 1,454€ |
| 185 | MK Fabbrica03424456 · Manufacturing | <0.1% | 958,655€ | +36.8% | 92,915€ | 9.7% | 9 | 805€ |
| 186 | Art & Craft02419238 · Professional services | <0.1% | 943,194€ | +82.9% | 58,378€ | 6.2% | 9 | 1,642€ |
| 187 | Golijanin Plus02985837 · Trade | <0.1% | 937,210€ | +8.4% | 17,065€ | 1.8% | 8 | 1,402€ |
| 188 | Vet Medica02781484 · Professional services | <0.1% | 936,043€ | +5.4% | 148,980€ | 15.9% | 15 | 811€ |
| 189 | Fedora03351050 · Arts & entertainment | <0.1% | 928,776€ | -7.8% | 84,068€ | 9.1% | 26 | 718€ |
| 190 | Ferro Budva03216128 · Trade | <0.1% | 927,202€ | -7.6% | 59,379€ | 6.4% | 1 | 1,313€ |
| 191 | Mix Markt 380103268888 · Trade | <0.1% | 920,258€ | -5.9% | 23,733€ | 2.6% | 6 | 1,346€ |
| 192 | Mediteranski Sportski Centar02241358 · Arts & entertainment | <0.1% | 920,119€ | +15.9% | 95,322€ | 10.4% | 56 | 1,122€ |
| 193 | Suntime02632934 · Hospitality | <0.1% | 910,179€ | -1.7% | -1,526,319€ | -167.7% | 28 | 1,221€ |
| 194 | Acd02426188 · Hospitality | <0.1% | 907,129€ | -5.2% | 24,976€ | 2.8% | 23 | 976€ |
| 195 | Tate02918013 · Hospitality | <0.1% | 901,161€ | +16.2% | 211,339€ | 23.5% | 11 | 1,491€ |
| 196 | Montenegro Cruising02447525 · Transport & logistics | <0.1% | 897,257€ | -1.7% | 118,092€ | 13.2% | 8 | 4,295€ |
| 197 | Zevs Gradnja03365921 · Construction | <0.1% | 894,725€ | +385.6% | 166,019€ | 18.6% | 10 | 1,276€ |
| 198 | Talas-M02327023 · Administrative services | <0.1% | 888,389€ | +42.5% | 211,412€ | 23.8% | 17 | 1,975€ |
| 199 | Beograd02661705 · Hospitality | <0.1% | 873,033€ | -1.4% | 81,170€ | 9.3% | 31 | 1,026€ |
| 200 | Finish Construction03382427 · Construction | <0.1% | 870,616€ | +0.8% | 776,206€ | 89.2% | 1 | 678€ |