Revenue
2.8% of Montenegro's revenue
1,334 companies earned 497.14m€ in 2025, 2.8% of all company revenue in Montenegro. It ranks 7 of 25 municipalities by revenue. Revenue has grown 2.1× since 2015.
2.8% of Montenegro's revenue
58.6 per 1,000 residents · Montenegro 57.3
Largest employer: Komunalno Kotor (236)
Total profit: -954,774€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 232,852,069€ | 609 |
| 2016 | 219,147,711€ | 643 |
| 2017 | 258,482,783€ | 711 |
| 2018 | 274,583,486€ | 794 |
| 2019 | 294,885,706€ | 839 |
| 2020 | 205,213,933€ | 884 |
| 2021 | 236,054,897€ | 939 |
| 2022 | 334,126,990€ | 1,053 |
| 2023 | 388,335,032€ | 1,175 |
| 2024 | 449,543,273€ | 1,257 |
| 2025 (Preliminary) | 497,137,467€ | 1,334 |
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 222
* 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 | Jadran02013177 · Hospitality | 1.3% | 6,691,562€ | +16.0% | 1,415,715€ | 21.2% | 79 | 2,158€ |
| 2 | DP Hotel Facility03168409 · Hospitality | 1.2% | 5,804,549€ | +9.3% | 149,763€ | 2.6% | 127 | 1,122€ |
| 3 | Fjord02014912 · Hospitality | 0.8% | 3,932,644€ | -10.5% | -261,920€ | -6.7% | 94 | 1,504€ |
| 4 | Mibost-Joketić02218089 · Hospitality | 0.7% | 3,445,526€ | +14.4% | 385,955€ | 11.2% | 48 | 1,246€ |
| 5 | Trecom02045460 · Hospitality | 0.5% | 2,705,584€ | +17.1% | 664,368€ | 24.6% | 45 | 1,327€ |
| 6 | Olimp Co02919826 · Hospitality | 0.3% | 1,722,201€ | +25.3% | 142,889€ | 8.3% | 26 | 959€ |
| 7 | Comodoro02706881 · Hospitality | 0.3% | 1,356,828€ | +16.0% | 172,275€ | 12.7% | 24 | 1,378€ |
| 8 | Nikol Montenegro03115291 · Hospitality | 0.3% | 1,258,782€ | +31.9% | 217,486€ | 17.3% | 18 | 1,545€ |
| 9 | Ice Cool03287262 · Hospitality | 0.3% | 1,254,412€ | +21.1% | 348,838€ | 27.8% | 16 | 2,209€ |
| 10 | Larry & Brother's Company02057760 · Hospitality | 0.2% | 1,219,526€ | +23.6% | 242,174€ | 19.9% | 22 | 1,460€ |
| 11 | La Miniera03335747 · Hospitality | 0.2% | 1,219,279€ | -28.1% | -462,729€ | -38.0% | 27 | 2,002€ |
| 12 | Jakšić03279812 · Hospitality | 0.2% | 1,070,701€ | +5.5% | 133,148€ | 12.4% | 21 | 956€ |
| 13 | Piastra02658542 · Hospitality | 0.2% | 1,062,610€ | +38.0% | 152,662€ | 14.4% | 25 | 603€ |
| 14 | Lingu02463407 · Hospitality | 0.2% | 1,041,894€ | +10.0% | 30,966€ | 3.0% | 22 | 914€ |
| 15 | Banfi02082586 · Hospitality | 0.2% | 1,034,216€ | -8.8% | 56,396€ | 5.5% | 15 | 1,774€ |
| 16 | Hotel Splendido Management Company02834545 · Hospitality | 0.2% | 994,190€ | -9.3% | -95,423€ | -9.6% | 27 | 1,407€ |
| 17 | Little Bay03347630 · Hospitality | 0.2% | 969,554€ | +31.0% | 217,759€ | 22.5% | 3 | 393€ |
| 18 | Meat & Wine03119122 · Hospitality | 0.2% | 924,639€ | No filing for 2024. | 228,667€ | 24.7% | 7 | 1,635€ |
| 19 | Wine Bar Cesare03226000 · Hospitality | 0.2% | 924,639€ | -0.4% | 228,667€ | 24.7% | 7 | 1,635€ |
| 20 | Portorico02838290 · Hospitality | 0.2% | 922,476€ | +0.7% | 154,055€ | 16.7% | 17 | 901€ |
| 21 | Arco & Co02931532 · Hospitality | 0.2% | 893,883€ | -14.1% | 185,410€ | 20.7% | 15 | 1,373€ |
| 22 | Mnađ03328457 · Hospitality | 0.2% | 844,598€ | +0.1% | 27,422€ | 3.2% | 15 | 1,121€ |
| 23 | Ko-Company03088944 · Hospitality | 0.2% | 836,419€ | +9.4% | 162,045€ | 19.4% | 16 | 836€ |
| 24 | Info Turizm03751538 · Hospitality | 0.2% | 827,424€ | No filing for 2024. | 136,795€ | 16.5% | 5 | 981€ |
| 25 | M&M Group03527743 · Hospitality | 0.2% | 818,236€ | +46.0% | 64,536€ | 7.9% | 17 | 1,420€ |
| 26 | Borozan02798085 · Hospitality | 0.2% | 768,895€ | -8.9% | 4,091€ | 0.5% | 19 | 1,196€ |
| 27 | Playboy02992540 · Hospitality | 0.2% | 758,781€ | -2.0% | 201,139€ | 26.5% | 9 | 1,340€ |
| 28 | Bonazza03740587 · Hospitality | 0.1% | 745,514€ | No filing for 2024. | 221,153€ | 29.7% | 0 | — |
| 29 | MVS Select03225356 · Hospitality | 0.1% | 742,013€ | -5.1% | 32,167€ | 4.3% | 17 | 1,002€ |
| 30 | Siempre03023516 · Hospitality | 0.1% | 739,028€ | +1.7% | 151,854€ | 20.5% | 18 | 1,052€ |
| 31 | Restobar Taraca02815192 · Hospitality | 0.1% | 734,924€ | +2.9% | 51,202€ | 7.0% | 17 | 1,353€ |
| 32 | Home In Montenegro03129578 · Hospitality | 0.1% | 694,549€ | -8.0% | 29,171€ | 4.2% | 4 | 1,257€ |
| 33 | Marsenić02642956 · Hospitality | 0.1% | 664,863€ | -1.9% | 26,073€ | 3.9% | 17 | 1,026€ |
| 34 | Hippo Campus02727757 · Hospitality | 0.1% | 646,359€ | +2.2% | 148,528€ | 23.0% | 15 | 883€ |
| 35 | Vukšić Group02857715 · Hospitality | 0.1% | 634,996€ | +2.5% | 158,972€ | 25.0% | 12 | 871€ |
| 36 | Ank 198003267806 · Hospitality | 0.1% | 630,878€ | +15.5% | 83,962€ | 13.3% | 9 | 1,097€ |
| 37 | Karampana03084710 · Hospitality | 0.1% | 623,081€ | +263.7% | 69,669€ | 11.2% | 11 | 1,733€ |
| 38 | Milinović02408970 · Hospitality | 0.1% | 620,962€ | +9.0% | 249,013€ | 40.1% | 9 | 938€ |
| 39 | Serzman Incorporated03011526 · Hospitality | 0.1% | 620,780€ | +24.0% | -189,451€ | -30.5% | 1 | 6,382€ |
| 40 | Bandiera02658747 · Hospitality | 0.1% | 608,268€ | +15.8% | 64,672€ | 10.6% | 8 | 2,875€ |
| 41 | Rendez-Vous02398907 · Hospitality | 0.1% | 607,556€ | +13.1% | 95,293€ | 15.7% | 10 | 681€ |
| 42 | Montenegro Lubricants02789230 · Hospitality | 0.1% | 597,349€ | +10.6% | 32,521€ | 5.4% | 9 | 1,016€ |
| 43 | Konđar03037606 · Hospitality | 0.1% | 593,459€ | -0.5% | 21,276€ | 3.6% | 9 | 703€ |
| 44 | Roma 201102839954 · Hospitality | 0.1% | 588,546€ | +23.0% | 84,319€ | 14.3% | 6 | 1,576€ |
| 45 | Janović02269961 · Hospitality | 0.1% | 577,652€ | +18.3% | 24,491€ | 4.2% | 12 | 1,181€ |
| 46 | Konaleto03121763 · Hospitality | 0.1% | 562,748€ | +22.7% | 165,820€ | 29.5% | 12 | 785€ |
| 47 | Bocazur03273385 · Hospitality | 0.1% | 551,135€ | +17.7% | 7,025€ | 1.3% | 7 | 1,931€ |
| 48 | Konoba Akustik 110403356531 · Hospitality | 0.1% | 548,030€ | +41.9% | 53,238€ | 9.7% | 5 | 729€ |
| 49 | Braća Magud Plus03305295 · Hospitality | 0.1% | 547,234€ | -15.5% | 48,195€ | 8.8% | 13 | 1,270€ |
| 50 | Pepe Nero03411508 · Hospitality | 0.1% | 535,906€ | +14.7% | 73,300€ | 13.7% | 9 | 1,406€ |