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 201–250 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* |
|---|
| 201 | Magud Travel02917106 · Transport & logistics | <0.1% | 869,842€ | +34.2% | 77,243€ | 8.9% | 15 | 1,411€ |
| 202 | Es Engineering Budva03307298 · Construction | <0.1% | 868,761€ | -43.9% | 165,854€ | 19.1% | 15 | 683€ |
| 203 | Maro Home03168158 · Trade | <0.1% | 866,967€ | +303.1% | 45,497€ | 5.2% | 6 | 894€ |
| 204 | Kod Zećana Co03315975 · Trade | <0.1% | 866,369€ | -7.6% | 87,605€ | 10.1% | 6 | 1,736€ |
| 205 | Hattrick02163071 · Hospitality | <0.1% | 858,165€ | +12.6% | 224,936€ | 26.2% | 15 | 966€ |
| 206 | Molekul03069664 · Trade | <0.1% | 853,348€ | +4.6% | 4,340€ | 0.5% | 8 | 1,554€ |
| 207 | Casper Productio02448882 · Hospitality | <0.1% | 837,755€ | +14.5% | 97,057€ | 11.6% | 11 | 1,833€ |
| 208 | Ž & T Grič02441888 · Trade | <0.1% | 824,606€ | -3.3% | 105,298€ | 12.8% | 6 | 924€ |
| 209 | Opn Invest02638851 · Trade | <0.1% | 824,436€ | +0.7% | 11,367€ | 1.4% | 13 | 861€ |
| 210 | S.O. Group02676079 · Trade | <0.1% | 811,722€ | +27.4% | 144,139€ | 17.8% | 10 | 1,123€ |
| 211 | Pozitiva Mne03576639 · Transport & logistics | <0.1% | 808,891€ | +85.2% | 7,280€ | 0.9% | 9 | 3,298€ |
| 212 | HRS Technologies03415775 · Education | <0.1% | 805,881€ | +2.5% | 126,941€ | 15.8% | 13 | 3,719€ |
| 213 | Mani Company02702215 · Construction | <0.1% | 798,944€ | +487.8% | 153,844€ | 19.3% | 4 | 566€ |
| 214 | Brand Hotels03262359 · Hospitality | <0.1% | 794,864€ | +5.7% | 51,388€ | 6.5% | 11 | 1,342€ |
| 215 | Jedro02873010 · Trade | <0.1% | 794,570€ | +58.0% | 107,812€ | 13.6% | 6 | 856€ |
| 216 | Hasber Construction03305538 · Construction | <0.1% | 792,884€ | -30.7% | -149,813€ | -18.9% | 15 | 3,108€ |
| 217 | Orizzonte03109470 · Hospitality | <0.1% | 791,117€ | +4.5% | 65,015€ | 8.2% | 20 | 512€ |
| 218 | Smokvica02982790 · Hospitality | <0.1% | 789,044€ | +374.7% | 148,002€ | 18.8% | 4 | 3,021€ |
| 219 | Villa Geba Management03251691 · Hospitality | <0.1% | 785,181€ | -3.4% | -548,628€ | -69.9% | 19 | 2,296€ |
| 220 | Restart Ing03260470 · Professional services | <0.1% | 782,043€ | +100.9% | 116,351€ | 14.9% | 6 | 1,723€ |
| 221 | Franeta Gradnja02411822 · Hospitality | <0.1% | 781,285€ | -5.7% | 47,668€ | 6.1% | 5 | 1,337€ |
| 222 | Nir02055945 · Trade | <0.1% | 773,734€ | -11.3% | 22,853€ | 3.0% | 6 | 1,248€ |
| 223 | Jelena Still02713233 · Trade | <0.1% | 762,374€ | -9.7% | -2,057€ | -0.3% | 5 | 603€ |
| 224 | Cool Comerce02431335 · Transport & logistics | <0.1% | 759,255€ | -35.8% | 7,728€ | 1.0% | 11 | 745€ |
| 225 | System Group02698382 · Hospitality | <0.1% | 758,629€ | -8.5% | 6,437€ | 0.8% | 20 | 1,076€ |
| 226 | Sodeo Enginering03334767 · Construction | <0.1% | 754,846€ | -42.5% | -72,108€ | -9.6% | 27 | 748€ |
| 227 | Krug02781824 · Trade | <0.1% | 752,570€ | -12.2% | 38,363€ | 5.1% | 7 | 879€ |
| 228 | Paki02707381 · Construction | <0.1% | 752,003€ | -12.4% | 97,889€ | 13.0% | 10 | 766€ |
| 229 | Atp Investment03338983 · Construction | <0.1% | 751,072€ | -16.9% | 29,895€ | 4.0% | 15 | 1,482€ |
| 230 | Liraland MNT03593991 · Technology | <0.1% | 747,512€ | +19.4% | 23,328€ | 3.1% | 1 | 677€ |
| 231 | Moreta02715325 · Hospitality | <0.1% | 746,693€ | +14.0% | 197,939€ | 26.5% | 11 | 1,378€ |
| 232 | Pjati03161277 · Hospitality | <0.1% | 744,947€ | +25.7% | 223,067€ | 29.9% | 10 | 2,050€ |
| 233 | Betonmix03123359 · Construction | <0.1% | 740,479€ | -31.0% | 181,867€ | 24.6% | 5 | 1,509€ |
| 234 | Bim Security02895773 · Administrative services | <0.1% | 735,500€ | +30.6% | 42,598€ | 5.8% | 50 | 1,015€ |
| 235 | Mix Markt 380403573656 · Trade | <0.1% | 735,215€ | +11.9% | -35,733€ | -4.9% | 4 | 1,163€ |
| 236 | Trade Point Montenegro03575420 · Trade | <0.1% | 732,495€ | +77.1% | -10,873€ | -1.5% | 13 | 992€ |
| 237 | Ambassador Group03402754 · Hospitality | <0.1% | 731,094€ | -10.6% | 17,320€ | 2.4% | 20 | 952€ |
| 238 | Provizion03131840 · Trade | <0.1% | 729,002€ | -6.3% | 88,514€ | 12.1% | 14 | 823€ |
| 239 | Lir02062755 · Hospitality | <0.1% | 728,666€ | -0.2% | -16,829€ | -2.3% | 22 | 1,047€ |
| 240 | Sportsko Rekreativni Centar Budva02413388 · Arts & entertainment | <0.1% | 716,395€ | +0.0% | 40,608€ | 5.7% | 36 | 1,172€ |
| 241 | Guard F.T.O.02726467 · Administrative services | <0.1% | 711,732€ | +33.2% | 72,546€ | 10.2% | 48 | 917€ |
| 242 | Visual Technologies03426459 · Technology | <0.1% | 708,707€ | -39.1% | 37,657€ | 5.3% | 34 | 941€ |
| 243 | Montesun Group03255077 · Real estate | <0.1% | 697,035€ | +77.6% | 104,731€ | 15.0% | 10 | 776€ |
| 244 | Medini Co03095304 · Hospitality | <0.1% | 695,450€ | +1.5% | 200,214€ | 28.8% | 11 | 1,100€ |
| 245 | Eko Modus03269469 · Transport & logistics | <0.1% | 694,516€ | +48.6% | 24,301€ | 3.5% | 3 | 729€ |
| 246 | Levante Real Estate03692558 · Hospitality | <0.1% | 683,006€ | +795.8% | 593,758€ | 86.9% | 1 | 682€ |
| 247 | Naša Firma02687844 · Professional services | <0.1% | 681,452€ | -3.8% | 194,335€ | 28.5% | 18 | 1,226€ |
| 248 | Pešter Co02156598 · Hospitality | <0.1% | 680,191€ | +1.9% | 86,468€ | 12.7% | 11 | 837€ |
| 249 | Liza Vinci03267407 · Hospitality | <0.1% | 678,953€ | -11.8% | 20,242€ | 3.0% | 17 | 1,338€ |
| 250 | SKY Line Resort03529797 · Real estate | <0.1% | 677,735€ | +27.7% | 39,703€ | 5.9% | 6 | 991€ |