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 4701–4750 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* |
|---|
| 4701 | Daphne Health Tourism03662721 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,651€ | — | 1 | 1,132€ |
| 4702 | Ages03411745 · Trade | 0.0% | 0€ | -100.0% | -8,158€ | — | 1 | 674€ |
| 4703 | Akyol Company03758478 · Trade | 0.0% | 0€ | No filing for 2024. | -3,539€ | — | 1 | — |
| 4704 | Artemis Health Tourism03603067 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,387€ | — | 1 | 674€ |
| 4705 | Basmisirli03499723 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 674€ |
| 4706 | D-Elektromekanik03661121 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 675€ |
| 4707 | Erman Logistics Mne03750795 · Trade | 0.0% | 0€ | No filing for 2024. | -3,884€ | — | 1 | 323€ |
| 4708 | FMT Construction & Real Estate03648486 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,413€ | — | 1 | 674€ |
| 4709 | Herakles Tourism03605183 · Trade | 0.0% | 0€ | No filing for 2024. | -4,910€ | — | 1 | 407€ |
| 4710 | Best Trend Mne03691225 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,182€ | — | 1 | 677€ |
| 4711 | Erkan Lar03718280 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,408€ | — | 1 | 532€ |
| 4712 | Gaja Investment Mne03728099 · Trade | 0.0% | 0€ | No filing for 2024. | -15,688€ | — | 3 | 434€ |
| 4713 | Kolcan Mne03710718 · Trade | 0.0% | 0€ | No filing for 2024. | -4,910€ | — | 1 | 407€ |
| 4714 | Logi - Time03409767 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,206€ | — | 1 | 674€ |
| 4715 | Poseidon Health Tourism03603032 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,310€ | — | 1 | 674€ |
| 4716 | Sem Construction03515109 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,153€ | — | 2 | 421€ |
| 4717 | Sirin Montenegro03782352 · Trade | 0.0% | 0€ | No filing for 2024. | -2,037€ | — | 1 | — |
| 4718 | Arsam Montenegro03694372 · Trade | 0.0% | 0€ | No filing for 2024. | -7,323€ | — | 1 | 607€ |
| 4719 | As Transport02468514 · Transport & logistics | 0.0% | 0€ | -100.0% | -4,091€ | — | 1 | 339€ |
| 4720 | Free Energy Mne02435586 · Trade | 0.0% | 0€ | -100.0% | -8,143€ | — | 1 | 670€ |
| 4721 | Meto Company03208702 · Construction | 0.0% | 0€ | -100.0% | -27,354€ | — | 2 | 679€ |
| 4722 | Monte-Solo02637995 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,494€ | — | 1 | 675€ |
| 4723 | Nadježda02653567 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,071€ | — | 1 | 335€ |
| 4724 | Medals03072967 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,053€ | — | 1 | — |
| 4725 | Allianz Stroy02657066 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,732€ | — | 1 | 922€ |
| 4726 | Tortuga Island02669404 · Hospitality | 0.0% | 0€ | -100.0% | -17,152€ | — | 1 | 674€ |
| 4727 | Absolute Estate Eu02991608 · Real estate | 0.0% | 0€ | -100.0% | -5,723€ | — | 1 | 386€ |
| 4728 | Boka Stars03213641 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 674€ |
| 4729 | Adriatic Group Ag02680718 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,045€ | — | 1 | — |
| 4730 | M.V.E. Adriatika02456001 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,393€ | — | 0 | — |
| 4731 | Oliva Trade02460769 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,146€ | — | 1 | 335€ |
| 4732 | Svoy Style02623846 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 4733 | Vaš Dom02466040 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,072€ | — | 1 | 337€ |
| 4734 | Veronica02637880 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 4735 | Guner Turizam03303209 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,093€ | — | 1 | 508€ |
| 4736 | JRJ Company02919290 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 4737 | Kalađurđević02460777 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,100€ | — | 1 | 337€ |
| 4738 | Khalkedon Rare Books03599868 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,059€ | — | 1 | 667€ |
| 4739 | Nar Company02998025 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,072€ | — | 1 | 337€ |
| 4740 | Rent-A Car Kucher03100545 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,051€ | — | 1 | — |
| 4741 | Rigal Company03117677 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,940€ | — | 1 | 880€ |
| 4742 | Satko Construction03197964 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -46€ | — | — | — |
| 4743 | Spectar International Group03197590 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 4744 | Stay In Budva03139883 · Administrative services | 0.0% | 0€ | -100.0% | -11,496€ | — | 1 | 924€ |
| 4745 | Vector Group02827832 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,516€ | — | 1 | 1,348€ |
| 4746 | Zayn Health Tourism03516822 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,275€ | — | 1 | 928€ |
| 4747 | Zenn Spa03736156 · Personal services | 0.0% | 0€ | No filing for 2024. | -5,308€ | — | 1 | 365€ |
| 4748 | Zeybek03228126 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,958€ | — | 1 | 928€ |
| 4749 | Zhiva Yoga03409651 · Arts & entertainment | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,948€ | — | 2 | 335€ |
| 4750 | Zirion03747468 · Technology | 0.0% | 0€ | No filing for 2024. | -4,155€ | — | 1 | 346€ |