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 301–350 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* |
|---|
| 301 | Kadmos03071049 · Hospitality | <0.1% | 545,801€ | -3.4% | 102,706€ | 18.8% | 9 | 1,067€ |
| 302 | Mega Shopping Mall03647161 · Real estate | <0.1% | 541,827€ | +1,147.7% | -33,979€ | -6.3% | 4 | 1,527€ |
| 303 | RB Lab03542777 · Technology | <0.1% | 540,984€ | +247.0% | 62,455€ | 11.5% | 1 | 1,963€ |
| 304 | M Irena02370182 · Hospitality | <0.1% | 539,811€ | +22.7% | 55,055€ | 10.2% | 12 | 849€ |
| 305 | Mix Markt 380803538958 · Trade | <0.1% | 537,487€ | -10.6% | 306€ | 0.1% | 5 | 955€ |
| 306 | Waystar03595765 · Trade | <0.1% | 534,046€ | +9.6% | 87,952€ | 16.5% | 1 | 25,219€ |
| 307 | Mix Markt Gastro03580113 · Manufacturing | <0.1% | 528,012€ | +27.9% | -94,554€ | -17.9% | 8 | 1,835€ |
| 308 | Tiitan Glass03305791 · Manufacturing | <0.1% | 527,515€ | -39.0% | 11,018€ | 2.1% | 4 | 745€ |
| 309 | Mijanović Trade02191032 · Trade | <0.1% | 526,412€ | +0.4% | -13,499€ | -2.6% | 5 | 999€ |
| 310 | BT Laundry Service03320154 · Personal services | <0.1% | 523,951€ | +20.8% | 17,015€ | 3.2% | 9 | 1,015€ |
| 311 | Multi Cook03631095 · Manufacturing | <0.1% | 523,054€ | +153.2% | 149,329€ | 28.5% | 10 | 783€ |
| 312 | Sany - Company02675501 · Transport & logistics | <0.1% | 519,576€ | +19.1% | 18,385€ | 3.5% | 12 | 1,857€ |
| 313 | Tende- Sarami03014576 · Manufacturing | <0.1% | 518,461€ | +9.9% | 75,310€ | 14.5% | 8 | 694€ |
| 314 | Dravla - Trade02431459 · Hospitality | <0.1% | 515,830€ | +36.4% | 27,098€ | 5.3% | 17 | 814€ |
| 315 | Family Hotels Group03482375 · Hospitality | <0.1% | 514,840€ | +151.6% | -68,409€ | -13.3% | 7 | 1,929€ |
| 316 | Aquario02659077 · Hospitality | <0.1% | 514,733€ | +24.2% | 113,451€ | 22.0% | 6 | 1,511€ |
| 317 | Monte Dream03368882 · Hospitality | <0.1% | 507,427€ | +8.3% | 6,294€ | 1.2% | 13 | 1,180€ |
| 318 | P.S. Company02672774 · Hospitality | <0.1% | 507,233€ | -24.7% | 42,622€ | 8.4% | 12 | 823€ |
| 319 | Menuet03236013 · Hospitality | <0.1% | 506,006€ | -7.7% | 3,031€ | 0.6% | 6 | 883€ |
| 320 | Mont Lux Real Estate03191966 · Real estate | <0.1% | 505,230€ | +9.3% | 433,785€ | 85.9% | 1 | — |
| 321 | House Estate02667428 · Hospitality | <0.1% | 499,911€ | +63.0% | -40,501€ | -8.1% | 3 | 1,547€ |
| 322 | Dado SSS03424197 · Trade | <0.1% | 497,631€ | -27.2% | 21,403€ | 4.3% | 3 | 776€ |
| 323 | Ref & Met03238873 · Trade | <0.1% | 497,410€ | +293.4% | 353,989€ | 71.2% | 1 | 3,170€ |
| 324 | Horizont Invest Property Management03639088 · Hospitality | <0.1% | 494,219€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 57,951€ | 11.7% | 4 | 1,979€ |
| 325 | Zlatibor02688573 · Hospitality | <0.1% | 493,404€ | +21.5% | 159,509€ | 32.3% | 6 | 1,466€ |
| 326 | Arbun Commerce02110016 · Arts & entertainment | <0.1% | 491,696€ | -12.7% | 13,320€ | 2.7% | 13 | 882€ |
| 327 | Azur Bazeni02787954 · Construction | <0.1% | 490,024€ | +12.4% | 39,937€ | 8.2% | 4 | 524€ |
| 328 | Montenegroturist02005379 · Administrative services | <0.1% | 487,094€ | +2,163.3% | 243,148€ | 49.9% | 1 | 2,595€ |
| 329 | Salus02158248 · Hospitality | <0.1% | 486,867€ | +19.6% | 61,550€ | 12.6% | 7 | 1,244€ |
| 330 | Odigitrija02287005 · Administrative services | <0.1% | 484,807€ | +37.0% | 11,276€ | 2.3% | 6 | 1,134€ |
| 331 | WTWS02673436 · Construction | <0.1% | 483,710€ | -33.7% | 16,790€ | 3.5% | 12 | 1,145€ |
| 332 | Astra Trade03005801 · Trade | <0.1% | 480,567€ | -9.1% | 75,515€ | 15.7% | 6 | 1,155€ |
| 333 | 12 Architects03242269 · Professional services | <0.1% | 478,021€ | +263.9% | 24,049€ | 5.0% | 2 | 1,563€ |
| 334 | Sasso Verde03660419 · Hospitality | <0.1% | 476,836€ | +68.3% | -142,075€ | -29.8% | 15 | 1,129€ |
| 335 | Lungo Mare Montenegro03174751 · Hospitality | <0.1% | 474,597€ | -12.9% | 12,178€ | 2.6% | 12 | 755€ |
| 336 | Aquariva03136418 · Hospitality | <0.1% | 474,564€ | -41.4% | -8,051€ | -1.7% | 12 | 523€ |
| 337 | Jadranski Sajam02005514 · Administrative services | <0.1% | 474,424€ | +18.4% | 49,574€ | 10.4% | 4 | 5,541€ |
| 338 | Vipturs02760819 · Administrative services | <0.1% | 473,389€ | -4.3% | 386€ | 0.1% | 2 | 717€ |
| 339 | Esenze Construction03720985 · Construction | <0.1% | 472,267€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 40,150€ | 8.5% | 10 | 1,552€ |
| 340 | Trentatre03457591 · Arts & entertainment | <0.1% | 470,000€ | +181.5% | 333,534€ | 71.0% | 1 | 3,351€ |
| 341 | Santis03094839 · Trade | <0.1% | 468,805€ | +22.7% | 1,712€ | 0.4% | 4 | 3,043€ |
| 342 | Čudo Gradnja03107841 · Construction | <0.1% | 467,258€ | -38.1% | -6,730€ | -1.4% | 1 | 4,604€ |
| 343 | Lux Sunrior03346994 · Hospitality | <0.1% | 465,857€ | +21.3% | -17,566€ | -3.8% | 3 | 1,351€ |
| 344 | Korkovado L Ivanović02883295 · Hospitality | <0.1% | 465,545€ | -6.8% | 369€ | 0.1% | 9 | 1,153€ |
| 345 | A. I. L.02398923 · Hospitality | <0.1% | 461,195€ | -37.6% | -14,956€ | -3.2% | 14 | 827€ |
| 346 | Luna - Mne02763290 · Professional services | <0.1% | 460,808€ | +30.7% | 225,956€ | 49.0% | 9 | 622€ |
| 347 | 1. Jul03629627 · Construction | <0.1% | 460,287€ | +700.9% | 39,230€ | 8.5% | 2 | 455€ |
| 348 | Montenegro Land Office03246043 · Real estate | <0.1% | 456,808€ | +878,376.9% | 220,682€ | 48.3% | 2 | 2,357€ |
| 349 | Pjano02645777 · Administrative services | <0.1% | 454,484€ | +21.5% | 60,420€ | 13.3% | 1 | 931€ |
| 350 | Kairos02408309 · Hospitality | <0.1% | 451,077€ | -66.4% | 20,557€ | 4.6% | 2 | 787€ |