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 351–400 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* |
|---|
| 351 | Owl Logistik03451151 · Hospitality | <0.1% | 52,072€ | +1,694.3% | 9,661€ | 18.6% | 3 | 557€ |
| 352 | Jaz-Jazz03048390 · Hospitality | <0.1% | 52,007€ | -66.5% | -29,851€ | -57.4% | 1 | 2,855€ |
| 353 | Radan - Company03205223 · Hospitality | <0.1% | 51,835€ | -29.0% | 499€ | 1.0% | 2 | 702€ |
| 354 | Gaga Trend02414660 · Hospitality | <0.1% | 51,547€ | -10.9% | -21,242€ | -41.2% | 4 | 905€ |
| 355 | Deniz Holidays03701719 · Hospitality | <0.1% | 51,432€ | No filing for 2024. | -771€ | -1.5% | 2 | 672€ |
| 356 | BDMNMS Company03576671 · Hospitality | <0.1% | 50,370€ | +12.2% | -14,064€ | -27.9% | 2 | 986€ |
| 357 | Berkds Company03471144 · Hospitality | <0.1% | 50,216€ | +51.9% | -2,754€ | -5.5% | 2 | 664€ |
| 358 | Crown Apartmens03656519 · Hospitality | <0.1% | 49,424€ | +110.2% | 19,398€ | 39.2% | 1 | — |
| 359 | Prena03377288 · Hospitality | <0.1% | 48,204€ | +4.7% | 3,077€ | 6.4% | 1 | — |
| 360 | Falkon V&S03734196 · Hospitality | <0.1% | 47,299€ | No filing for 2024. | -83,493€ | -176.5% | 2 | 492€ |
| 361 | Alinka03228355 · Hospitality | <0.1% | 45,936€ | -35.0% | -8,251€ | -18.0% | 4 | 343€ |
| 362 | Adria o Zone02645947 · Hospitality | <0.1% | 45,148€ | -36.5% | -18,426€ | -40.8% | 1 | 4,068€ |
| 363 | Menaturs-Budva03350843 · Hospitality | <0.1% | 44,593€ | -32.2% | 4,758€ | 10.7% | 2 | 531€ |
| 364 | Kod Caci03341178 · Hospitality | <0.1% | 44,578€ | +13.6% | 6,633€ | 14.9% | 3 | 435€ |
| 365 | S Coast03724344 · Hospitality | <0.1% | 44,192€ | No filing for 2024. | 16,704€ | 37.8% | 1 | 939€ |
| 366 | Himalayas03149056 · Hospitality | <0.1% | 44,144€ | -6.3% | -20,253€ | -45.9% | 4 | — |
| 367 | Oliva Coffee Centar03700003 · Hospitality | <0.1% | 43,021€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,427€ | -26.6% | 3 | 736€ |
| 368 | Con Amore03229017 · Hospitality | <0.1% | 42,334€ | -31.4% | -31,882€ | -75.3% | 1 | 871€ |
| 369 | B-Elite03180913 · Hospitality | <0.1% | 42,153€ | +15.8% | 6,429€ | 15.3% | 1 | 981€ |
| 370 | Marsenić Gradnja03369544 · Hospitality | <0.1% | 41,203€ | +165.6% | 1,375€ | 3.3% | 2 | 509€ |
| 371 | Hospitality International03548422 · Hospitality | <0.1% | 41,080€ | +1,346.5% | 3,498€ | 8.5% | 1 | 680€ |
| 372 | Sailors03710173 · Hospitality | <0.1% | 40,459€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -30,542€ | -75.5% | 4 | 716€ |
| 373 | Daisy Sita03420230 · Hospitality | <0.1% | 39,373€ | -49.3% | -17,806€ | -45.2% | 3 | 1,182€ |
| 374 | Lambretta03093921 · Hospitality | <0.1% | 39,000€ | +13.9% | 22,752€ | 58.3% | 1 | 799€ |
| 375 | North Coffee Shop03290166 · Hospitality | <0.1% | 38,587€ | -18.3% | -3,209€ | -8.3% | 2 | 911€ |
| 376 | The Coffee Haven03727572 · Hospitality | <0.1% | 38,160€ | No filing for 2024. | 607€ | 1.6% | 2 | 718€ |
| 377 | Svarog Ida03162320 · Hospitality | <0.1% | 37,326€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 18,808€ | 50.4% | 1 | 893€ |
| 378 | Palacio Del Mar03365549 · Hospitality | <0.1% | 35,876€ | -13.7% | -23,654€ | -65.9% | 3 | 1,463€ |
| 379 | Red Bridg03083250 · Hospitality | <0.1% | 34,896€ | +49.3% | -19,565€ | -56.1% | 4 | 636€ |
| 380 | BD77703558126 · Hospitality | <0.1% | 33,634€ | +15.3% | -764€ | -2.3% | 1 | 678€ |
| 381 | Alta02381192 · Hospitality | <0.1% | 33,543€ | +44.6% | 45€ | 0.1% | 2 | 675€ |
| 382 | Uca Alan03570592 · Hospitality | <0.1% | 32,248€ | -3.3% | -14,413€ | -44.7% | 3 | 743€ |
| 383 | Kangaroo02412268 · Hospitality | <0.1% | 31,070€ | -85.9% | -49,691€ | -159.9% | 4 | 673€ |
| 384 | Orpheus02667231 · Hospitality | <0.1% | 30,618€ | +50.3% | 6,023€ | 19.7% | 2 | 948€ |
| 385 | Maina MD-Travel03099237 · Hospitality | <0.1% | 30,433€ | +6.2% | 1,611€ | 5.3% | 2 | 675€ |
| 386 | S.A.M. Svyato03698408 · Hospitality | <0.1% | 30,006€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 496€ | 1.7% | 1 | 664€ |
| 387 | Segment Plus03657884 · Hospitality | <0.1% | 29,314€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,543€ | -53.0% | 4 | — |
| 388 | High View Consulting03461041 · Hospitality | <0.1% | 28,800€ | +1.4% | 721€ | 2.5% | 3 | 664€ |
| 389 | Hot Moon02377390 · Hospitality | <0.1% | 28,745€ | -76.2% | -62,244€ | -216.5% | 1 | 1,055€ |
| 390 | Rio MD03790215 · Hospitality | <0.1% | 28,610€ | No filing for 2024. | -11,723€ | -41.0% | 1 | 1,134€ |
| 391 | Kraljević MK03680541 · Hospitality | <0.1% | 27,334€ | +665.0% | -6,391€ | -23.4% | 2 | 724€ |
| 392 | Elektromreža Srbije02789167 · Hospitality | <0.1% | 26,916€ | -1.6% | 9,806€ | 36.4% | 1 | 575€ |
| 393 | PLM Group03495388 · Hospitality | <0.1% | 26,531€ | +51.0% | 1,023€ | 3.9% | 1 | 1,941€ |
| 394 | Visnjevall03539199 · Hospitality | <0.1% | 26,341€ | -60.8% | -17,431€ | -66.2% | 2 | 661€ |
| 395 | Zlatni Vir03755762 · Hospitality | <0.1% | 25,589€ | No filing for 2024. | -16,373€ | -64.0% | 1 | 1,865€ |
| 396 | Disk02384108 · Hospitality | <0.1% | 24,566€ | +54.6% | -6,996€ | -28.5% | 2 | 841€ |
| 397 | Gunesh Mne03358534 · Hospitality | <0.1% | 24,002€ | -7.7% | -3,153€ | -13.1% | 3 | 596€ |
| 398 | The Wind of Change03499120 · Hospitality | <0.1% | 23,782€ | +104.6% | 3,398€ | 14.3% | 1 | 712€ |
| 399 | Bijeli Biseri03464377 · Hospitality | <0.1% | 23,490€ | -0.4% | 11,271€ | 48.0% | 1 | 916€ |
| 400 | GFM Investment03631010 · Hospitality | <0.1% | 22,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -33,555€ | -149.1% | 3 | 847€ |