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 4901–4950 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* |
|---|
| 4901 | Enaz Construction03728170 · Trade | 0.0% | 0€ | No filing for 2024. | -10,308€ | — | 1 | 859€ |
| 4902 | Energy Consulting02819554 · Professional services | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 4903 | Ensar Investment 3303703703 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 4904 | Eos Tuna03731936 · Hospitality | 0.0% | 0€ | No filing for 2024. | -5,642€ | — | 1 | 470€ |
| 4905 | Epolit03787001 · Trade | 0.0% | 0€ | No filing for 2024. | -3,100€ | — | 2 | — |
| 4906 | Equation System02467089 · Real estate | 0.0% | 0€ | -100.0% | -19,502€ | — | 1 | 928€ |
| 4907 | Eray Group03672743 · Manufacturing | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,986€ | — | 1 | 678€ |
| 4908 | Erkmen Enterprise03693635 · Hospitality | 0.0% | 0€ | -100.0% | -8,152€ | — | 1 | 678€ |
| 4909 | Erkut Service03650685 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,139€ | — | 1 | 928€ |
| 4910 | Ertugrul03589005 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 4911 | Ese Electric03737705 · Construction | 0.0% | 0€ | No filing for 2024. | -4,277€ | — | 1 | 355€ |
| 4912 | Eska Design03580300 · Manufacturing | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,127€ | — | 2 | 422€ |
| 4913 | Ester Group Mne03488632 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 4914 | Estia03503267 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,136€ | — | 1 | — |
| 4915 | Ethenea-Investa03342093 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,109€ | — | 1 | 930€ |
| 4916 | Ethica03395006 · Personal services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,865€ | — | 1 | — |
| 4917 | Eurolink Automotive and Tourism Company03376290 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,185€ | — | 1 | 677€ |
| 4918 | Eva Mne03645401 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,139€ | — | 1 | 928€ |
| 4919 | Eva Software03722023 · Trade | 0.0% | 0€ | No filing for 2024. | -11,988€ | — | 0 | — |
| 4920 | Eva ZD03717992 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,320€ | — | 1 | 527€ |
| 4921 | Evenmore03164721 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,461€ | — | 1 | 678€ |
| 4922 | Eve Property03185184 · Real estate | 0.0% | 0€ | -100.0% | -17,629€ | — | 2 | 709€ |
| 4923 | Evident03606848 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 4924 | Evk Montenegro03708888 · Professional services | 0.0% | 0€ | No filing for 2024. | -11,059€ | — | 1 | 921€ |
| 4925 | Evrolux02670488 · Hospitality | 0.0% | 0€ | -100.0% | -6,804€ | — | 1 | 565€ |
| 4926 | Expert Hospitality MG02982137 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,284€ | — | 1 | — |
| 4927 | Eymen Group Mne03401855 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,916€ | — | 1 | 675€ |
| 4928 | F1 Petrol & KFC03228118 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,663€ | — | 1 | 678€ |
| 4929 | Fabromak Makine03598551 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,430€ | — | 1 | 675€ |
| 4930 | Falanfilan Family03789772 · Administrative services | 0.0% | 0€ | No filing for 2024. | -1,600€ | — | 2 | — |
| 4931 | Fame Design03652181 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 4932 | Family Rent A Car03555453 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,587€ | — | 1 | 2,129€ |
| 4933 | Famm Monte03586642 · Transport & logistics | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,159€ | — | 1 | 678€ |
| 4934 | Farine03628787 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,838€ | — | 1 | 453€ |
| 4935 | Fark Grup03592456 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 4936 | FC Peitsch Mne03742539 · Hospitality | 0.0% | 0€ | No filing for 2024. | -5,879€ | — | 2 | — |
| 4937 | Feast Moontenegro Group03475166 · Construction | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,031€ | — | 1 | — |
| 4938 | Ferman Group03597300 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,414€ | — | 2 | 675€ |
| 4939 | Fhyfabric03257363 · Trade | 0.0% | 0€ | -100.0% | -11,275€ | — | 1 | 928€ |
| 4940 | Fitness Positive03764052 · Arts & entertainment | 0.0% | 0€ | No filing for 2024. | -4,681€ | — | 2 | — |
| 4941 | Flash Solar Energy03510212 · Energy, water & waste | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,665€ | — | 1 | 923€ |
| 4942 | F.N.K. Company02630389 · Real estate | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 4943 | Focus Global Mne03712656 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,613€ | — | 1 | 466€ |
| 4944 | Focus Montenegro Digital Solutions03428524 · Professional services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,794€ | — | 1 | 563€ |
| 4945 | Fof- Rađenović02123746 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -39€ | — | — | — |
| 4946 | Fonat Charcoal03602834 · Trade | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,189€ | — | 2 | 422€ |
| 4947 | FPV Video03483215 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,614€ | — | 1 | 926€ |
| 4948 | Freemie Consulting03342654 · Administrative services | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,578€ | — | 1 | 925€ |
| 4949 | Freyja Group Mne03733645 · Administrative services | 0.0% | 0€ | No filing for 2024. | -6,227€ | — | 1 | 518€ |
| 4950 | FTD Monte03604276 · Real estate | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,310€ | — | 1 | 1,350€ |