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 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* |
|---|
| 251 | Šestan02405067 · Trade | <0.1% | 677,458€ | -23.0% | 15,354€ | 2.3% | 7 | 2,195€ |
| 252 | Pogrebne Usluge02643707 · Personal services | <0.1% | 676,883€ | +11.2% | 35,214€ | 5.2% | 24 | 1,611€ |
| 253 | Euromax Mne02917629 · Trade | <0.1% | 669,775€ | +13.5% | 366,781€ | 54.8% | 4 | 1,295€ |
| 254 | Kuljača Company02076446 · Hospitality | <0.1% | 664,874€ | +62.1% | 107,660€ | 16.2% | 8 | 1,098€ |
| 255 | Porcelana03513157 · Trade | <0.1% | 662,304€ | +13.9% | 89,216€ | 13.5% | 4 | 1,950€ |
| 256 | Podgorica Invest03288633 · Construction | <0.1% | 660,923€ | +23.0% | 14,034€ | 2.1% | 1 | 5,780€ |
| 257 | Havana Company03227286 · Trade | <0.1% | 660,757€ | +4.0% | -94,316€ | -14.3% | 3 | 551€ |
| 258 | O'salivan03210944 · Hospitality | <0.1% | 648,319€ | -21.5% | 144,666€ | 22.3% | 9 | 812€ |
| 259 | Olimpia R02427044 · Hospitality | <0.1% | 647,192€ | -6.4% | -24,725€ | -3.8% | 21 | 987€ |
| 260 | Sun Invest03063461 · Construction | <0.1% | 643,124€ | +206.6% | 76,506€ | 11.9% | 3 | 1,483€ |
| 261 | Erde02412110 · Construction | <0.1% | 637,403€ | -35.1% | -39,388€ | -6.2% | 20 | 656€ |
| 262 | Progastro03712281 · Trade | <0.1% | 635,464€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 282,938€ | 44.5% | 2 | 582€ |
| 263 | Li & Da03065430 · Hospitality | <0.1% | 631,373€ | +3.3% | 194,315€ | 30.8% | 4 | 1,519€ |
| 264 | Ogradni Sistemi Miva03525805 · Construction | <0.1% | 626,829€ | +43.5% | 56,812€ | 9.1% | 1 | 10,894€ |
| 265 | Kobra02378124 · Manufacturing | <0.1% | 626,053€ | +22.4% | 26,529€ | 4.2% | 10 | 969€ |
| 266 | Dsa02631393 · Administrative services | <0.1% | 624,203€ | -4.1% | 1,223€ | 0.2% | 5 | 678€ |
| 267 | Meer03375129 · Real estate | <0.1% | 620,034€ | -21.4% | -30,373€ | -4.9% | 1 | 809€ |
| 268 | Althaea02278294 · Trade | <0.1% | 613,273€ | +1.9% | 15,219€ | 2.5% | 4 | 1,879€ |
| 269 | Žig Trans03140679 · Construction | <0.1% | 609,566€ | +15.6% | 109,586€ | 18.0% | 4 | 2,577€ |
| 270 | Priap LTD03141420 · Construction | <0.1% | 607,280€ | -24.0% | -4,574€ | -0.8% | 2 | 1,064€ |
| 271 | Mistral02110458 · Trade | <0.1% | 605,455€ | -16.9% | 51,053€ | 8.4% | 6 | 1,018€ |
| 272 | Gulliver Montenegro02436477 · Administrative services | <0.1% | 604,715€ | +13.1% | 71,955€ | 11.9% | 19 | 958€ |
| 273 | Spartacus Mne03202305 · Trade | <0.1% | 600,605€ | +9.6% | -47,670€ | -7.9% | 3 | 854€ |
| 274 | B.T.I.02774640 · Professional services | <0.1% | 599,361€ | +59.5% | 1,887€ | 0.3% | 3 | 1,511€ |
| 275 | Adria Invest02335425 · Construction | <0.1% | 597,850€ | -47.1% | 17,658€ | 3.0% | 28 | 1,217€ |
| 276 | Seven Oceans Yachting03257517 · Transport & logistics | <0.1% | 597,304€ | +121.0% | 62,243€ | 10.4% | 1 | 1,878€ |
| 277 | Simax Mne03391736 · Construction | <0.1% | 593,810€ | -1.3% | 94,556€ | 15.9% | 4 | 4,036€ |
| 278 | Monting Company02622637 · Professional services | <0.1% | 593,187€ | -24.6% | 21,831€ | 3.7% | 12 | 843€ |
| 279 | Bal Bay Europe03202500 · Professional services | <0.1% | 591,472€ | +105.6% | 92,883€ | 15.7% | 2 | 554€ |
| 280 | Ventura02456982 · Hospitality | <0.1% | 588,076€ | +11.0% | 77,926€ | 13.3% | 11 | 1,096€ |
| 281 | Doli Commerc03361403 · Hospitality | <0.1% | 585,661€ | -11.2% | 130,735€ | 22.3% | 3 | 2,012€ |
| 282 | Art-Grad03119084 · Construction | <0.1% | 585,061€ | -5.1% | 11,659€ | 2.0% | 4 | 1,183€ |
| 283 | Sarž Trade02333791 · Construction | <0.1% | 584,494€ | +227.5% | 106,804€ | 18.3% | 2 | 1,472€ |
| 284 | Akademija Znanja02764121 · Real estate | <0.1% | 583,347€ | +68.1% | 75,353€ | 12.9% | 18 | 1,192€ |
| 285 | Sailor Cattaro03076865 · Trade | <0.1% | 582,575€ | +25.0% | 273,156€ | 46.9% | 16 | 716€ |
| 286 | Basman Group03497046 · Hospitality | <0.1% | 581,527€ | +0.4% | 70,118€ | 12.1% | 11 | 1,209€ |
| 287 | Veluza02399326 · Hospitality | <0.1% | 579,928€ | +2.5% | 18,272€ | 3.2% | 16 | 747€ |
| 288 | Viktor - Invest02637898 · Construction | <0.1% | 579,592€ | +539.6% | 216,432€ | 37.3% | 1 | 1,150€ |
| 289 | Galming Co02972158 · Manufacturing | <0.1% | 576,813€ | +59.1% | 123,132€ | 21.3% | 3 | 928€ |
| 290 | Vela02867443 · Trade | <0.1% | 574,939€ | +26.4% | 75,372€ | 13.1% | 15 | 820€ |
| 291 | Lider Lift03238580 · Trade | <0.1% | 568,172€ | +80.0% | 44,592€ | 7.8% | 4 | 754€ |
| 292 | Drago - Sveti Stefan03092518 · Hospitality | <0.1% | 566,947€ | -5.3% | 93,999€ | 16.6% | 7 | 1,647€ |
| 293 | Ag Harmony03190803 · Hospitality | <0.1% | 565,023€ | +20.2% | 73,418€ | 13.0% | 3 | 1,784€ |
| 294 | M S M S02873184 · Trade | <0.1% | 561,832€ | -5.9% | 21,616€ | 3.8% | 4 | 1,677€ |
| 295 | Sole Mio Group03544346 · Hospitality | <0.1% | 559,241€ | -13.8% | 64,620€ | 11.6% | 8 | 1,419€ |
| 296 | New Panini03069095 · Hospitality | <0.1% | 557,162€ | +25.2% | 111,155€ | 20.0% | 8 | 1,720€ |
| 297 | SZ Company03643697 · Hospitality | <0.1% | 556,566€ | +189.9% | 91,886€ | 16.5% | 7 | 1,592€ |
| 298 | Burico Ing Pro02683997 · Construction | <0.1% | 552,281€ | +13.6% | 77,404€ | 14.0% | 6 | 719€ |
| 299 | Monrus Investment02619059 · Construction | <0.1% | 551,331€ | -58.4% | 243€ | 0.0% | 6 | 2,106€ |
| 300 | SDM Lift03574539 · Manufacturing | <0.1% | 547,409€ | +138.9% | 134,121€ | 24.5% | 5 | 1,093€ |