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 3701–3750 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* |
|---|
| 3701 | Ea Beta Properties03720519 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,710€ | — | 1 | 995€ |
| 3702 | Eces03579247 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,026€ | — | 1 | 670€ |
| 3703 | Echoverse Consalting03677559 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,308€ | — | 1 | 670€ |
| 3704 | Ecl03084159 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,138€ | — | 1 | 678€ |
| 3705 | Eco Vash Dom Company03387062 · Hospitality | 0.0% | 0€ | -100.0% | -8,379€ | — | 1 | 677€ |
| 3706 | Eduleo03722031 · Education | 0.0% | 0€ | No filing for 2024. | -10,001€ | — | 1 | 763€ |
| 3707 | Efc Global03212696 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,230€ | — | 1 | 676€ |
| 3708 | Efem Ego Mne03304965 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3709 | Efs Architecture & Design03221431 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2€ | — | 1 | — |
| 3710 | Ege Tuna Tourism and Construction LTD03197654 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,385€ | — | — | — |
| 3711 | Eknov03195228 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,534€ | — | 1 | 675€ |
| 3712 | Elamisya03193390 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,342€ | — | 1 | 926€ |
| 3713 | Elbrus Group03492915 · Arts & entertainment | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,732€ | — | 1 | 670€ |
| 3714 | Elegance & Cotton03682617 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 3715 | Eli03284689 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,031€ | — | 1 | 949€ |
| 3716 | Elida Consulting03307034 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,898€ | — | 1 | 676€ |
| 3717 | Elitecraft Furniture03676137 · Manufacturing | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,835€ | — | 1 | 403€ |
| 3718 | Elititaly03211304 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,467€ | — | 1 | 450€ |
| 3719 | Elixir Real Estate03455009 · Construction | 0.0% | 0€ | -100.0% | -15,185€ | — | 2 | 630€ |
| 3720 | Eliz Consulting03636348 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,672€ | — | 1 | 924€ |
| 3721 | El Mio Mondo03681521 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,781€ | — | 1 | — |
| 3722 | El Miracle03437191 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,598€ | — | 1 | 916€ |
| 3723 | Embau03604047 · Construction | 0.0% | 0€ | -100.0% | -2,171€ | — | 1 | — |
| 3724 | Emels03623157 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,322€ | — | 1 | 678€ |
| 3725 | Emir Doruk03752844 · Administrative services | 0.0% | 0€ | No filing for 2024. | -4,038€ | — | 1 | 337€ |
| 3726 | Endorphin03686396 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,219€ | — | 1 | 927€ |
| 3727 | English Lab Consulting03754839 · Professional services | 0.0% | 0€ | No filing for 2024. | -4,000€ | — | 1 | 333€ |
| 3728 | Eon BT03644952 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,402€ | — | 1 | — |
| 3729 | Ep Soft03421392 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,178€ | — | 1 | 677€ |
| 3730 | Erdeniz03784916 · Professional services | 0.0% | 0€ | No filing for 2024. | -2,318€ | — | 1 | — |
| 3731 | Erdurogullari03580717 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 3732 | Erhn03672182 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 3733 | Erim Montenegro03460649 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,117€ | — | 1 | — |
| 3734 | Erkul03206637 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 3735 | Erla03223329 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,159€ | — | 1 | 675€ |
| 3736 | Erl Sun03758664 · Transport & logistics | 0.0% | 0€ | No filing for 2024. | -4,183€ | — | 1 | 320€ |
| 3737 | Ermak & Co03513815 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,651€ | — | 1 | 720€ |
| 3738 | Erste Maxim Technology03583856 · Technology | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,005€ | — | 2 | 746€ |
| 3739 | Escape Drive03801993 · Administrative services | 0.0% | 0€ | No filing for 2024. | -2,130€ | — | 1 | — |
| 3740 | Escapefromsofa Architecture & Design03221253 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2€ | — | 1 | — |
| 3741 | E-Secretaries03480879 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3742 | Esum03762696 · Hospitality | 0.0% | 0€ | No filing for 2024. | -3,452€ | — | 1 | — |
| 3743 | Etika Capital03224511 · Construction | 0.0% | 0€ | -100.0% | -19,606€ | — | 1 | 759€ |
| 3744 | Etn Tekstil03502066 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3745 | Eurobalcan Company02954729 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,092€ | — | 1 | 341€ |
| 3746 | Euro Investment Mne03443388 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 3747 | Evavel It Solutions03423395 · Technology | 0.0% | 0€ | -100.0% | -11,747€ | — | 1 | 859€ |
| 3748 | Evil Inc03725766 · Trade | 0.0% | 0€ | No filing for 2024. | -17,811€ | — | 1 | 704€ |
| 3749 | Evinrude03643042 · Transport & logistics | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,385€ | — | 1 | 677€ |
| 3750 | Evocar Automotive03605850 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,226€ | — | 0 | — |