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 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* |
|---|
| 351 | La Mar Inc03422020 · Hospitality | <0.1% | 450,528€ | +45.1% | 75,550€ | 16.8% | 6 | 1,749€ |
| 352 | Creative Tech03681491 · Technology | <0.1% | 448,865€ | +454.2% | 87,541€ | 19.5% | 32 | 738€ |
| 353 | Miba Group03326098 · Construction | <0.1% | 447,835€ | +9.0% | 52,436€ | 11.7% | 1 | 765€ |
| 354 | China Shandong Hi-Speed Qianfang International Technology03668983 · Construction | <0.1% | 444,272€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -54,159€ | -12.2% | 4 | 1,466€ |
| 355 | Adnet703043789 · Technology | <0.1% | 441,586€ | -27.8% | -27,669€ | -6.3% | 3 | 692€ |
| 356 | Kolacimozart03128598 · Hospitality | <0.1% | 440,990€ | +58.0% | 13,939€ | 3.2% | 8 | 938€ |
| 357 | Ric-Rent-A-Car03059111 · Administrative services | <0.1% | 440,536€ | +39.7% | -82,562€ | -18.7% | 2 | 335€ |
| 358 | Tri Tona02873583 · Trade | <0.1% | 439,577€ | +16.6% | 58,246€ | 13.3% | 9 | 858€ |
| 359 | Lumbrella03017869 · Hospitality | <0.1% | 439,067€ | +121.5% | -124,533€ | -28.4% | 9 | 969€ |
| 360 | Antiquus03415252 · Hospitality | <0.1% | 436,246€ | +18.4% | 53,996€ | 12.4% | 5 | 1,976€ |
| 361 | Virt03257649 · Construction | <0.1% | 435,994€ | +17.4% | 162,471€ | 37.3% | 1 | 1,193€ |
| 362 | Almix03082890 · Hospitality | <0.1% | 435,899€ | +39.9% | 72,756€ | 16.7% | 1 | 4,635€ |
| 363 | Konoba - Stari Grad02918633 · Hospitality | <0.1% | 435,435€ | -13.2% | -24,129€ | -5.5% | 8 | 1,972€ |
| 364 | Casa Al Mare03185109 · Real estate | <0.1% | 433,126€ | -34.7% | 1,621€ | 0.4% | 4 | 1,154€ |
| 365 | Vemax011 Pharma03287637 · Professional services | <0.1% | 432,151€ | +28.4% | 0€ | 0.0% | 4 | 6,389€ |
| 366 | M&S Kralj03302911 · Hospitality | <0.1% | 430,861€ | +17.3% | 22,483€ | 5.2% | 9 | 856€ |
| 367 | RR Company03443400 · Administrative services | <0.1% | 430,348€ | -56.0% | 310,928€ | 72.3% | 6 | 1,413€ |
| 368 | Anita Group03182975 · Transport & logistics | <0.1% | 428,386€ | +23.4% | 32,336€ | 7.5% | 5 | 898€ |
| 369 | Svetionik02415232 · Hospitality | <0.1% | 427,557€ | -5.2% | 128,966€ | 30.2% | 2 | 509€ |
| 370 | Elektro Company02770911 · Transport & logistics | <0.1% | 427,349€ | +17.5% | 57,365€ | 13.4% | 10 | 1,492€ |
| 371 | Monolith Mne Logistik03627969 · Trade | <0.1% | 425,064€ | +98.7% | 1,481€ | 0.3% | 1 | — |
| 372 | Tre Group Invest03280152 · Construction | <0.1% | 424,748€ | -95.3% | 51,651€ | 12.2% | 1 | 1,830€ |
| 373 | Blanila02460211 · Hospitality | <0.1% | 423,408€ | +21.3% | 34,118€ | 8.1% | 8 | 911€ |
| 374 | Atos Plus03021025 · Hospitality | <0.1% | 421,679€ | +21.4% | 35,058€ | 8.3% | 7 | 1,340€ |
| 375 | Svetionik Jaz02655918 · Hospitality | <0.1% | 412,822€ | +9.4% | 860€ | 0.2% | 9 | 1,748€ |
| 376 | M.S.02675145 · Hospitality | <0.1% | 412,665€ | +33.7% | -17,684€ | -4.3% | 7 | 1,663€ |
| 377 | Monolith Mne Import03470610 · Trade | <0.1% | 410,556€ | -23.4% | 2,673€ | 0.7% | 1 | 930€ |
| 378 | Grand Stroy02773317 · Construction | <0.1% | 407,238€ | -5.4% | -136,690€ | -33.6% | 3 | 823€ |
| 379 | Hvac Systems02801647 · Professional services | <0.1% | 406,011€ | +22.5% | 5,409€ | 1.3% | 7 | 833€ |
| 380 | Capital Hill03406431 · Construction | <0.1% | 405,902€ | +2,402.2% | 22,432€ | 5.5% | 1 | 678€ |
| 381 | Eurobusiness - Budva03344045 · Energy, water & waste | <0.1% | 405,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,006€ | -4.4% | 2 | 548€ |
| 382 | MMMD03447570 · Hospitality | <0.1% | 403,663€ | -7.9% | 12,227€ | 3.0% | 19 | 1,082€ |
| 383 | Admiral Montenegro02685736 · Hospitality | <0.1% | 400,370€ | -22.6% | -113,265€ | -28.3% | 8 | 1,201€ |
| 384 | Vavax Trade02779706 · Hospitality | <0.1% | 400,185€ | +12.2% | 45,603€ | 11.4% | 6 | 1,779€ |
| 385 | Monteline Budva03337545 · Transport & logistics | <0.1% | 400,000€ | +0.3% | 18,810€ | 4.7% | 3 | 2,026€ |
| 386 | Luka's02404630 · Hospitality | <0.1% | 396,968€ | -10.3% | 2,522€ | 0.6% | 9 | 1,082€ |
| 387 | Herbora02458675 · Trade | <0.1% | 395,933€ | +7.4% | 17,806€ | 4.5% | 4 | 822€ |
| 388 | Mix Markt 380703614255 · Trade | <0.1% | 393,014€ | -6.4% | -13,830€ | -3.5% | 4 | 959€ |
| 389 | Elektrodistribucija Srbije02657546 · Hospitality | <0.1% | 393,002€ | +12.9% | 38,458€ | 9.8% | 5 | 1,745€ |
| 390 | Opera Jaz03138194 · Hospitality | <0.1% | 392,210€ | +93.7% | 107,699€ | 27.5% | 4 | 810€ |
| 391 | Queen Butik03334341 · Trade | <0.1% | 391,553€ | +28.4% | 28,830€ | 7.4% | 10 | 681€ |
| 392 | Vigor Agency03439801 · Trade | <0.1% | 391,033€ | -14.1% | 180,824€ | 46.2% | 2 | 4,634€ |
| 393 | Bistro R02985594 · Hospitality | <0.1% | 390,782€ | +8.0% | -42,409€ | -10.9% | 5 | 2,178€ |
| 394 | Lobo Budva03744302 · Hospitality | <0.1% | 390,758€ | No filing for 2024. | 33,639€ | 8.6% | 3 | 765€ |
| 395 | Adn Old Town Company03343928 · Hospitality | <0.1% | 390,420€ | +10.6% | 46,369€ | 11.9% | 10 | 867€ |
| 396 | Knežević02076799 · Hospitality | <0.1% | 388,203€ | +40.7% | 4,611€ | 1.2% | 4 | 986€ |
| 397 | Crna Gora Tours02960591 · Administrative services | <0.1% | 387,100€ | +10.6% | 7,400€ | 1.9% | 2 | 15,065€ |
| 398 | Meridian Co02460335 · Administrative services | <0.1% | 386,520€ | -30.9% | 44,200€ | 11.4% | 2 | 783€ |
| 399 | Toi Toi03059782 · Energy, water & waste | <0.1% | 384,598€ | +50.2% | 129,658€ | 33.7% | 2 | 2,805€ |
| 400 | Trustgroup02673835 · Hospitality | <0.1% | 383,427€ | -12.6% | 29,034€ | 7.6% | 4 | 1,067€ |