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 251–300 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* |
|---|
| 251 | Entopya Company03615863 · Hospitality | <0.1% | 148,538€ | +16.2% | 1,095€ | 0.7% | 0 | — |
| 252 | Marinero Travel03455742 · Hospitality | <0.1% | 147,397€ | +474.5% | 9,729€ | 6.6% | 7 | 863€ |
| 253 | Cuba Siempre03752275 · Hospitality | <0.1% | 145,213€ | No filing for 2024. | 28,694€ | 19.8% | 0 | — |
| 254 | Surfers03496244 · Hospitality | <0.1% | 144,553€ | -17.3% | 18,910€ | 13.1% | 3 | 937€ |
| 255 | Soldi03534464 · Hospitality | <0.1% | 140,638€ | +225.5% | -37,670€ | -26.8% | 6 | 968€ |
| 256 | La Familia03323064 · Hospitality | <0.1% | 140,457€ | +19.1% | 7,325€ | 5.2% | 5 | 982€ |
| 257 | Paštrovića Dvori03283399 · Hospitality | <0.1% | 138,004€ | -11.6% | -6,365€ | -4.6% | 4 | 868€ |
| 258 | Cadena03516903 · Hospitality | <0.1% | 136,101€ | -68.6% | -26,842€ | -19.7% | 2 | 392€ |
| 259 | Freedom NT02981998 · Hospitality | <0.1% | 134,134€ | +74.8% | 23,099€ | 17.2% | 3 | 819€ |
| 260 | Art & Sound03325377 · Hospitality | <0.1% | 131,215€ | -69.1% | -135,865€ | -103.5% | 5 | 1,748€ |
| 261 | Dasi03187853 · Hospitality | <0.1% | 130,897€ | +13.0% | -10,883€ | -8.3% | 2 | 1,594€ |
| 262 | Forcealw03736245 · Hospitality | <0.1% | 130,676€ | No filing for 2024. | 4,791€ | 3.7% | 2 | 522€ |
| 263 | Risan Bay Resort03761134 · Hospitality | <0.1% | 130,181€ | No filing for 2024. | -34,206€ | -26.3% | 5 | 701€ |
| 264 | Pierina03266753 · Hospitality | <0.1% | 128,685€ | +93.4% | 5,839€ | 4.5% | 3 | 645€ |
| 265 | Manex02220407 · Hospitality | <0.1% | 128,361€ | -53.8% | -68,189€ | -53.1% | 6 | 764€ |
| 266 | Sarantini03744710 · Hospitality | <0.1% | 124,361€ | No filing for 2024. | 28,943€ | 23.3% | 3 | 1,161€ |
| 267 | RD Company02433591 · Hospitality | <0.1% | 124,359€ | +8.9% | -2,314€ | -1.9% | 3 | 727€ |
| 268 | Infohvala03309509 · Hospitality | <0.1% | 123,680€ | -4.6% | -8,175€ | -6.6% | 4 | 802€ |
| 269 | Puerta Del Sol02705532 · Hospitality | <0.1% | 123,594€ | -11.4% | 14,802€ | 12.0% | 5 | 737€ |
| 270 | Vojd03468666 · Hospitality | <0.1% | 122,925€ | +3.2% | -26,224€ | -21.3% | 4 | 568€ |
| 271 | Saičić-Tours02329930 · Hospitality | <0.1% | 120,585€ | -17.9% | 8,846€ | 7.3% | 3 | 948€ |
| 272 | Epoha02248719 · Hospitality | <0.1% | 118,566€ | +22.2% | 5,593€ | 4.7% | 5 | 666€ |
| 273 | Arad A.A.P.03521966 · Hospitality | <0.1% | 118,373€ | +10.5% | -17,134€ | -14.5% | 2 | 1,256€ |
| 274 | Magic MK03093824 · Hospitality | <0.1% | 117,055€ | -5.6% | 1,161€ | 1.0% | 6 | 782€ |
| 275 | Jef Budva03153762 · Hospitality | <0.1% | 116,056€ | +12.5% | 1,579€ | 1.4% | 3 | 1,193€ |
| 276 | Taverna Vukoje03294986 · Hospitality | <0.1% | 114,280€ | +26.5% | 13,775€ | 12.1% | 2 | 829€ |
| 277 | Velmare03136108 · Hospitality | <0.1% | 112,291€ | +11.4% | 2,304€ | 2.1% | 3 | 797€ |
| 278 | Max Prestige02421151 · Hospitality | <0.1% | 112,206€ | -24.8% | -58,713€ | -52.3% | 6 | 752€ |
| 279 | Prosport03570509 · Hospitality | <0.1% | 111,948€ | +2,324.7% | 10,783€ | 9.6% | 2 | 1,328€ |
| 280 | Buka Company03744108 · Hospitality | <0.1% | 111,281€ | No filing for 2024. | -198,022€ | -177.9% | 8 | 444€ |
| 281 | Madrid 803192377 · Hospitality | <0.1% | 111,128€ | -45.0% | -28,050€ | -25.2% | 3 | 570€ |
| 282 | Vivon03723828 · Hospitality | <0.1% | 110,959€ | No filing for 2024. | -58,345€ | -52.6% | 2 | 2,599€ |
| 283 | Shalom02902923 · Hospitality | <0.1% | 110,932€ | +219.6% | 3,648€ | 3.3% | 2 | 510€ |
| 284 | Veljko02787377 · Hospitality | <0.1% | 108,761€ | +3.7% | 27,152€ | 25.0% | 2 | 744€ |
| 285 | Maxper03309126 · Hospitality | <0.1% | 106,998€ | +3.1% | -18,227€ | -17.0% | 4 | 805€ |
| 286 | Intel02343592 · Hospitality | <0.1% | 106,112€ | -35.6% | 53€ | 0.0% | 3 | 1,374€ |
| 287 | M.B. Bonaca02456583 · Hospitality | <0.1% | 102,936€ | +1.9% | 2,426€ | 2.4% | 3 | 833€ |
| 288 | Touchandgo03593797 · Hospitality | <0.1% | 102,349€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -87,325€ | -85.3% | 10 | 593€ |
| 289 | Asimgard03661083 · Hospitality | <0.1% | 100,507€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,728€ | -21.6% | 4 | 732€ |
| 290 | Mona03118371 · Hospitality | <0.1% | 100,484€ | +9.7% | -5,855€ | -5.8% | 7 | 459€ |
| 291 | Sinbia03263568 · Hospitality | <0.1% | 99,798€ | +254.3% | 35,473€ | 35.5% | 2 | 419€ |
| 292 | Jasa02935066 · Hospitality | <0.1% | 99,611€ | -44.8% | -21,973€ | -22.1% | 3 | 450€ |
| 293 | Ikas03486397 · Hospitality | <0.1% | 98,680€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,436€ | 1.5% | 3 | 1,002€ |
| 294 | Krays02650886 · Hospitality | <0.1% | 97,953€ | +0.1% | -75,482€ | -77.1% | 1 | 2,858€ |
| 295 | Bun03137902 · Hospitality | <0.1% | 96,823€ | +11.6% | 9,709€ | 10.0% | 2 | 569€ |
| 296 | Ant Company03367762 · Hospitality | <0.1% | 95,525€ | +22.8% | 36,475€ | 38.2% | 4 | 410€ |
| 297 | Div Montenegro03236200 · Hospitality | <0.1% | 95,041€ | -13.7% | 3,216€ | 3.4% | 2 | 1,256€ |
| 298 | RBR International02807084 · Hospitality | <0.1% | 94,989€ | +820.3% | -9,406€ | -9.9% | 2 | 1,151€ |
| 299 | Heds 9503471870 · Hospitality | <0.1% | 93,910€ | +2.6% | 3,745€ | 4.0% | 4 | 681€ |
| 300 | Drobni Pijesak02401452 · Hospitality | <0.1% | 93,761€ | -0.4% | -2,024€ | -2.2% | 4 | 859€ |