Revenue
2.2% of Montenegro's revenue
554 companies earned 383.48m€ in 2025, 2.2% of all company revenue in Montenegro. It ranks 9 of 25 municipalities by revenue. Revenue has grown 2.6× since 2015.
2.2% of Montenegro's revenue
29.8 per 1,000 residents · Montenegro 57.3
Largest employer: Nemesis (285)
Total profit: 21.31m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 149,155,529€ | 268 |
| 2016 | 149,310,616€ | 274 |
| 2017 | 179,234,679€ | 313 |
| 2018 | 205,232,468€ | 346 |
| 2019 | 223,282,200€ | 381 |
| 2020 | 205,389,027€ | 413 |
| 2021 | 205,457,300€ | 442 |
| 2022 | 256,028,736€ | 462 |
| 2023 | 288,977,440€ | 485 |
| 2024 | 332,996,004€ | 531 |
| 2025 (Preliminary) | 383,475,768€ | 554 |
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
Ranked by total revenue · Showing 1–47 of 47
* 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 | Nemesis02636603 · Hospitality | 2.7% | 10,508,526€ | -1.2% | 505,656€ | 4.8% | 285 | 931€ |
| 2 | Nav02805871 · Hospitality | 0.2% | 790,277€ | +1.7% | 100,842€ | 12.8% | 20 | 626€ |
| 3 | Pajbar Sistem03119386 · Hospitality | 0.2% | 755,304€ | +54.0% | 44,685€ | 5.9% | 9 | 675€ |
| 4 | Auto Centar Spuž03290719 · Hospitality | 0.1% | 518,860€ | +24.1% | 18,779€ | 3.6% | 15 | 955€ |
| 5 | Obala Trade02966808 · Hospitality | 0.1% | 465,560€ | +24.1% | 23,456€ | 5.0% | 6 | 587€ |
| 6 | LR02999986 · Hospitality | <0.1% | 354,057€ | +75.5% | 67,909€ | 19.2% | 6 | 867€ |
| 7 | RM-Com03108171 · Hospitality | <0.1% | 341,153€ | +25.1% | 6,888€ | 2.0% | 8 | 597€ |
| 8 | Ran03040496 · Hospitality | <0.1% | 233,822€ | +5.2% | 34,740€ | 14.9% | 6 | 559€ |
| 9 | Two Jokers Company03493903 · Hospitality | <0.1% | 222,338€ | -1.5% | 7,152€ | 3.2% | 7 | 822€ |
| 10 | Family Rin03305805 · Hospitality | <0.1% | 203,605€ | -24.6% | -8,775€ | -4.3% | 11 | 524€ |
| 11 | Džo Kadović03721949 · Hospitality | <0.1% | 151,836€ | No filing for 2024. | -32,469€ | -21.4% | 7 | 647€ |
| 12 | Sedmorka03507815 · Hospitality | <0.1% | 147,360€ | +10.7% | 7,621€ | 5.2% | 5 | 1,058€ |
| 13 | MMZ03473309 · Hospitality | <0.1% | 127,119€ | +42.5% | 11,622€ | 9.1% | 5 | 842€ |
| 14 | Iskra 194703566030 · Hospitality | <0.1% | 124,937€ | +37.7% | 162€ | 0.1% | 5 | 793€ |
| 15 | Elektrosistem Čavić03623785 · Hospitality | <0.1% | 111,998€ | +71.5% | 203€ | 0.2% | 3 | 711€ |
| 16 | Avangard Hotels & Restaurants03163814 · Hospitality | <0.1% | 108,174€ | -23.6% | -621€ | -0.6% | 6 | 738€ |
| 17 | Brothers A&P03751155 · Hospitality | <0.1% | 101,638€ | No filing for 2024. | -83,449€ | -82.1% | 10 | — |
| 18 | 17M&P&M1903505901 · Hospitality | <0.1% | 91,435€ | +134.8% | 9,076€ | 9.9% | 2 | 1,097€ |
| 19 | Mars Company Vulević03517586 · Hospitality | <0.1% | 83,595€ | -8.7% | 7,603€ | 9.1% | 1 | 676€ |
| 20 | Bakilaki Company03642933 · Hospitality | <0.1% | 71,594€ | +52.1% | 600€ | 0.8% | 2 | 889€ |
| 21 | Karadžić03148980 · Hospitality | <0.1% | 67,103€ | +24.6% | -1,019€ | -1.5% | 3 | 677€ |
| 22 | Chili Grill02940230 · Hospitality | <0.1% | 63,257€ | +7.8% | 9,151€ | 14.5% | 2 | 901€ |
| 23 | Sweet DNG03591654 · Hospitality | <0.1% | 62,344€ | +47.0% | -1,537€ | -2.5% | 2 | 592€ |
| 24 | Joksi03657442 · Hospitality | <0.1% | 37,527€ | +85.4% | -4,243€ | -11.3% | 2 | 874€ |
| 25 | New Project Company03731405 · Hospitality | <0.1% | 34,019€ | No filing for 2024. | -6,965€ | -20.5% | 2 | 593€ |
| 26 | Stari Studenac03253775 · Hospitality | <0.1% | 29,303€ | +36.0% | -22,498€ | -76.8% | 3 | 546€ |
| 27 | RS Lokomotiva03350762 · Hospitality | <0.1% | 23,561€ | -13.5% | -5,194€ | -22.0% | 1 | 733€ |
| 28 | Lepenac DV03456684 · Hospitality | <0.1% | 17,099€ | -4.9% | -1,691€ | -9.9% | 2 | 508€ |
| 29 | Kobra202503212823 · Hospitality | <0.1% | 15,265€ | +14.3% | -3,887€ | -25.5% | 4 | 356€ |
| 30 | Aquarius Camp03652068 · Hospitality | <0.1% | 10,132€ | +153.3% | -2,607€ | -25.7% | 1 | 972€ |
| 31 | Kamp za Rekreaciju i Odmor Ćuk03235955 · Hospitality | <0.1% | 8,224€ | +156.3% | -15,256€ | -185.5% | 3 | 585€ |
| 32 | Humska03785009 · Hospitality | <0.1% | 6,374€ | No filing for 2024. | -10,291€ | -161.5% | 3 | — |
| 33 | Bos Company03507912 · Hospitality | <0.1% | 5,178€ | +3.0% | -840€ | -16.2% | 1 | — |
| 34 | Marnev03735486 · Hospitality | <0.1% | 3,865€ | No filing for 2024. | -6,236€ | -161.3% | 1 | 580€ |
| 35 | Pržišta Company03409422 · Hospitality | <0.1% | 3,100€ | -62.5% | -10,093€ | -325.6% | 2 | 310€ |
| 36 | Popovići GMM03772977 · Hospitality | <0.1% | 2,748€ | No filing for 2024. | -1,256€ | -45.7% | 1 | 328€ |
| 37 | Restoran Dobrina03355543 · Hospitality | <0.1% | 1,412€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,249€ | -867.5% | 2 | 504€ |
| 38 | Vrelo DVM03595820 · Hospitality | <0.1% | 1,200€ | -62.0% | -1,336€ | -111.3% | 1 | — |
| 39 | Athena Group03670473 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,985€ | — | 1 | 509€ |
| 40 | Monteveda02648563 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,241€ | — | 1 | — |
| 41 | Stara Kuća DG03225917 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 42 | Sweet Heart03168808 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 43 | Sweet Sistem02817179 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 44 | Zeus Group03659640 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,888€ | — | 1 | 562€ |
| 45 | Stara Kuća Centar03396215 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 46 | Sweet Centar03395626 · Hospitality | 0.0% | 0€ | -100.0% | -4,357€ | — | 2 | — |
| 47 | Boskolo03066835 · Hospitality | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,789€ | — | 1 | — |