Revenue
1.2% of Montenegro's revenue
553 companies earned 210.32m€ in 2025, 1.2% of all company revenue in Montenegro. It ranks 13 of 25 municipalities by revenue. Revenue has grown 1.6× since 2015.
1.2% of Montenegro's revenue
38.2 per 1,000 residents · Montenegro 57.3
Largest employer: Komunalno (85)
Total profit: 5.38m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 131,900,869€ | 340 |
| 2016 | 113,840,269€ | 345 |
| 2017 | 126,258,705€ | 363 |
| 2018 | 129,892,428€ | 379 |
| 2019 | 131,696,059€ | 396 |
| 2020 | 106,449,861€ | 423 |
| 2021 | 128,514,940€ | 440 |
| 2022 | 158,125,968€ | 477 |
| 2023 | 183,245,115€ | 527 |
| 2024 | 204,247,324€ | 529 |
| 2025 (Preliminary) | 210,315,231€ | 553 |
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 1–50 of 61
* 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* |
|---|
| 1 | Gradska Cetinje03257207 · Hospitality | 0.6% | 1,319,658€ | -18.1% | 61,053€ | 4.6% | 38 | 1,203€ |
| 2 | Monte Vista03037215 · Hospitality | 0.4% | 933,383€ | -6.4% | 51,455€ | 5.5% | 15 | 2,050€ |
| 3 | No Limit Co02361973 · Hospitality | 0.3% | 544,733€ | -23.1% | 29,784€ | 5.5% | 10 | 668€ |
| 4 | Zom Montenegro03373894 · Hospitality | 0.2% | 510,436€ | +266.9% | 26,742€ | 5.2% | 10 | 2,154€ |
| 5 | Viva Coffee02800616 · Hospitality | 0.2% | 425,437€ | +77.5% | 13,573€ | 3.2% | 6 | 616€ |
| 6 | Sveti Georgije03006948 · Hospitality | 0.2% | 407,822€ | -28.1% | 1,684€ | 0.4% | 7 | 1,489€ |
| 7 | Cetinje - Belveder02379783 · Hospitality | 0.2% | 337,866€ | -17.4% | 135,434€ | 40.1% | 7 | 788€ |
| 8 | Panorama Company03526186 · Hospitality | 0.2% | 332,725€ | +112.5% | 742€ | 0.2% | 10 | 708€ |
| 9 | BMR Company02400936 · Hospitality | 0.1% | 294,015€ | +40.5% | 3,959€ | 1.3% | 5 | 706€ |
| 10 | R-D Company CT03106578 · Hospitality | 0.1% | 274,951€ | +1.1% | -27,677€ | -10.1% | 8 | 642€ |
| 11 | Nova Varoš02670704 · Hospitality | 0.1% | 266,089€ | +2.5% | -11,367€ | -4.3% | 10 | 729€ |
| 12 | Ivmi Popović02382911 · Hospitality | 0.1% | 214,056€ | -1.9% | 16,298€ | 7.6% | 5 | 700€ |
| 13 | Opax Mne03005682 · Hospitality | <0.1% | 187,489€ | +43.6% | 3,324€ | 1.8% | 2 | 987€ |
| 14 | Simd - Commerce02693372 · Hospitality | <0.1% | 158,128€ | -27.8% | 83€ | 0.1% | 7 | 675€ |
| 15 | La Regina Di Monte03379256 · Hospitality | <0.1% | 137,581€ | +1.4% | 6,179€ | 4.5% | 3 | 991€ |
| 16 | River02639190 · Hospitality | <0.1% | 123,962€ | -10.7% | 2,900€ | 2.3% | 3 | 1,504€ |
| 17 | Fortress03110494 · Hospitality | <0.1% | 113,763€ | -14.5% | -33,949€ | -29.8% | 3 | 1,921€ |
| 18 | Liscom02662779 · Hospitality | <0.1% | 108,207€ | +29.5% | 2,781€ | 2.6% | 4 | 591€ |
| 19 | Mangica03171094 · Hospitality | <0.1% | 105,583€ | -15.7% | -76,526€ | -72.5% | 3 | 2,519€ |
| 20 | Lovćen-Bečići02025558 · Hospitality | <0.1% | 100,664€ | -24.2% | 895€ | 0.9% | 28 | — |
| 21 | Buongustogelato03326721 · Hospitality | <0.1% | 81,853€ | +270.4% | 8,856€ | 10.8% | 2 | 683€ |
| 22 | Vudax02733056 · Hospitality | <0.1% | 79,029€ | +150.4% | 16,434€ | 20.8% | 3 | 554€ |
| 23 | Lanček03630145 · Hospitality | <0.1% | 73,604€ | +124.0% | -5,661€ | -7.7% | 1 | 770€ |
| 24 | Njegoš02022419 · Hospitality | <0.1% | 62,232€ | -27.7% | 0€ | 0.0% | 1 | 4,674€ |
| 25 | Potonja Luka03264696 · Hospitality | <0.1% | 54,876€ | +12.7% | -28,616€ | -52.1% | 1 | 492€ |
| 26 | Din 88803438074 · Hospitality | <0.1% | 53,324€ | +53.3% | 1,503€ | 2.8% | 2 | 501€ |
| 27 | Ajm Turs03465675 · Hospitality | <0.1% | 50,185€ | +25.6% | 1,979€ | 3.9% | 1 | 1,159€ |
| 28 | Marzano03041751 · Hospitality | <0.1% | 48,178€ | +13.7% | -1,098€ | -2.3% | 4 | 525€ |
| 29 | Grand Central03705234 · Hospitality | <0.1% | 39,919€ | +1,007.0% | 163€ | 0.4% | 1 | 591€ |
| 30 | Ražnatović Cetinje02457679 · Hospitality | <0.1% | 37,933€ | +3.7% | 7,452€ | 19.6% | 1 | 675€ |
| 31 | Art Hills02893924 · Hospitality | <0.1% | 34,758€ | +62.1% | -18,767€ | -54.0% | 1 | 676€ |
| 32 | Luka & Sofija03656616 · Hospitality | <0.1% | 33,699€ | +92.6% | 886€ | 2.6% | 2 | — |
| 33 | Elmus03767981 · Hospitality | <0.1% | 31,666€ | No filing for 2024. | 2,857€ | 9.0% | 1 | 360€ |
| 34 | Lovćen Skela03354326 · Hospitality | <0.1% | 26,293€ | -1.3% | 1,819€ | 6.9% | 1 | — |
| 35 | Alfa Game03441768 · Hospitality | <0.1% | 24,237€ | +2.6% | 800€ | 3.3% | 2 | 507€ |
| 36 | Vjerina Kuzina M03206629 · Hospitality | <0.1% | 24,014€ | +0.8% | -6,227€ | -25.9% | 1 | 1,350€ |
| 37 | Verige&Co03346633 · Hospitality | <0.1% | 19,048€ | -5.9% | 1,431€ | 7.5% | 2 | — |
| 38 | Camp Oaza,lipa03680614 · Hospitality | <0.1% | 15,372€ | +598.7% | 1,169€ | 7.6% | 1 | 360€ |
| 39 | Apart 3103674584 · Hospitality | <0.1% | 14,903€ | +244.0% | 669€ | 4.5% | 2 | 565€ |
| 40 | Adriana & Co03389243 · Hospitality | <0.1% | 12,945€ | -3.9% | -241€ | -1.9% | 1 | 840€ |
| 41 | Mim-Ivan03096211 · Hospitality | <0.1% | 12,242€ | +28.9% | 47€ | 0.4% | 1 | 957€ |
| 42 | Montenegro Grill M&V03782662 · Hospitality | <0.1% | 11,357€ | No filing for 2024. | 0€ | 0.0% | 2 | — |
| 43 | BS i Inženjering02746875 · Hospitality | <0.1% | 10,366€ | -65.7% | -2,179€ | -21.0% | 1 | 449€ |
| 44 | Marinada03780813 · Hospitality | <0.1% | 7,588€ | No filing for 2024. | 0€ | 0.0% | 1 | — |
| 45 | V&V Fast Food03332322 · Hospitality | <0.1% | 5,769€ | +41.9% | -3,227€ | -55.9% | 1 | 667€ |
| 46 | Flamingo Lea03594386 · Hospitality | <0.1% | 5,697€ | +706.9% | 196€ | 3.4% | 1 | — |
| 47 | Nuova Gaeta03797651 · Hospitality | <0.1% | 4,129€ | No filing for 2024. | -3,827€ | -92.7% | 1 | — |
| 48 | Boliglava03780112 · Hospitality | <0.1% | 3,714€ | No filing for 2024. | -4,706€ | -126.7% | 2 | — |
| 49 | S&N 202303574245 · Hospitality | <0.1% | 3,310€ | -66.8% | -910€ | -27.5% | 1 | — |
| 50 | Gluten Morgen03669394 · Hospitality | <0.1% | 3,026€ | -54.5% | -5,387€ | -178.0% | 2 | — |