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 101–150 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* |
|---|
| 101 | Pav Estate03516814 · Hospitality | <0.1% | 181,525€ | -8.4% | 16,311€ | 9.0% | 6 | 894€ |
| 102 | Putex02057093 · Hospitality | <0.1% | 180,779€ | +5.1% | 3,515€ | 1.9% | 6 | 804€ |
| 103 | Vulović Brothers03243788 · Hospitality | <0.1% | 178,123€ | +11.5% | -36,693€ | -20.6% | 5 | 805€ |
| 104 | Novi Svet03579492 · Hospitality | <0.1% | 176,051€ | +30.9% | -33,486€ | -19.0% | 3 | 991€ |
| 105 | Het Anker03398315 · Hospitality | <0.1% | 175,322€ | +30.6% | 602€ | 0.3% | 4 | 1,051€ |
| 106 | Hon One03731111 · Hospitality | <0.1% | 169,783€ | No filing for 2024. | -291,705€ | -171.8% | 6 | 2,067€ |
| 107 | Superior Stars03596460 · Hospitality | <0.1% | 169,491€ | -35.1% | -66,272€ | -39.1% | 5 | 1,261€ |
| 108 | Sara BG03268349 · Hospitality | <0.1% | 160,164€ | -2.7% | -3,418€ | -2.1% | 3 | 671€ |
| 109 | NND Company02754045 · Hospitality | <0.1% | 158,535€ | +9.9% | 938€ | 0.6% | 5 | 751€ |
| 110 | Letrika 42703342212 · Hospitality | <0.1% | 152,628€ | +28.7% | 25,799€ | 16.9% | 5 | 490€ |
| 111 | Boni Bokuni03632377 · Hospitality | <0.1% | 145,906€ | +64.9% | -12,657€ | -8.7% | 5 | 1,132€ |
| 112 | Varg & Co03711374 · Hospitality | <0.1% | 143,048€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -46,609€ | -32.6% | 4 | 945€ |
| 113 | Miva Connect03742164 · Hospitality | <0.1% | 134,695€ | No filing for 2024. | 33,347€ | 24.8% | 0 | — |
| 114 | Carl Colar03414582 · Hospitality | <0.1% | 130,692€ | +1,639.3% | 36,526€ | 27.9% | 2 | — |
| 115 | Hun03294650 · Hospitality | <0.1% | 128,765€ | +16.3% | -12,154€ | -9.4% | 2 | 928€ |
| 116 | Bro INC.03627705 · Hospitality | <0.1% | 128,305€ | +210.2% | 35,253€ | 27.5% | 3 | 702€ |
| 117 | Oskar B&B03633055 · Hospitality | <0.1% | 121,423€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 44,749€ | 36.9% | 3 | — |
| 118 | JM & Co03094740 · Hospitality | <0.1% | 114,775€ | -3.3% | -21,610€ | -18.8% | 6 | 770€ |
| 119 | Šuvački03180948 · Hospitality | <0.1% | 112,513€ | +18.9% | 8,870€ | 7.9% | 2 | 1,494€ |
| 120 | Lana02432935 · Hospitality | <0.1% | 108,818€ | -32.1% | -38,924€ | -35.8% | 7 | 755€ |
| 121 | Superba02869276 · Hospitality | <0.1% | 103,697€ | +19,428.6% | 57,251€ | 55.2% | 1 | 1,439€ |
| 122 | Ma and Pe03536483 · Hospitality | <0.1% | 99,900€ | +4.5% | -2,666€ | -2.7% | 2 | 2,115€ |
| 123 | MM Playroom03280209 · Hospitality | <0.1% | 95,775€ | +21.8% | 2,346€ | 2.4% | 4 | 1,034€ |
| 124 | Rosmarino03657507 · Hospitality | <0.1% | 95,429€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 10,445€ | 10.9% | 2 | 880€ |
| 125 | Carpe Diem Boka Bay03047164 · Hospitality | <0.1% | 94,782€ | -39.3% | 694€ | 0.7% | 3 | 796€ |
| 126 | Selimo03418588 · Hospitality | <0.1% | 90,818€ | +87.4% | -9,126€ | -10.0% | 4 | 574€ |
| 127 | Aleksandar - D03127966 · Hospitality | <0.1% | 90,439€ | +3.5% | -21,807€ | -24.1% | 5 | 923€ |
| 128 | BP Projects03781933 · Hospitality | <0.1% | 90,197€ | No filing for 2024. | 24,131€ | 26.8% | 5 | — |
| 129 | Pansion Ruma03130835 · Hospitality | <0.1% | 89,348€ | -24.3% | -1,739€ | -1.9% | 2 | 1,074€ |
| 130 | Fortuna - Šćepanović02343371 · Hospitality | <0.1% | 80,885€ | -10.7% | -23,278€ | -28.8% | 3 | 716€ |
| 131 | B & o Co03512231 · Hospitality | <0.1% | 71,229€ | -8.7% | -5,198€ | -7.3% | 2 | 675€ |
| 132 | Dubravuška02769069 · Hospitality | <0.1% | 69,112€ | -14.5% | -36,671€ | -53.1% | 2 | 741€ |
| 133 | Sweet&Salty03562662 · Hospitality | <0.1% | 67,790€ | +21.2% | -122€ | -0.2% | 2 | 752€ |
| 134 | Lativi03489230 · Hospitality | <0.1% | 63,342€ | +25.1% | -17,740€ | -28.0% | 3 | 717€ |
| 135 | Samardžić Plus02855267 · Hospitality | <0.1% | 61,904€ | -4.5% | 15,981€ | 25.8% | 1 | 846€ |
| 136 | Anba02810565 · Hospitality | <0.1% | 61,151€ | -16.2% | 630€ | 1.0% | 2 | 406€ |
| 137 | Terminal Lounge03741877 · Hospitality | <0.1% | 59,641€ | No filing for 2024. | -5,622€ | -9.4% | 0 | — |
| 138 | Veliki Hipnos03563782 · Hospitality | <0.1% | 57,924€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,206€ | -43.5% | 2 | 514€ |
| 139 | Milinbest03188043 · Hospitality | <0.1% | 54,038€ | +0.1% | 700€ | 1.3% | 2 | 728€ |
| 140 | Izviđački Centar Stoliv02994062 · Hospitality | <0.1% | 51,000€ | +4.1% | 910€ | 1.8% | 1 | 474€ |
| 141 | Risan Belavista02681854 · Hospitality | <0.1% | 47,270€ | -4.0% | -31,160€ | -65.9% | 2 | 680€ |
| 142 | Elektro Plus02780437 · Hospitality | <0.1% | 41,326€ | -32.6% | -5,146€ | -12.5% | 4 | 579€ |
| 143 | Braća Koković03663973 · Hospitality | <0.1% | 39,518€ | +8.0% | -6,881€ | -17.4% | 2 | 927€ |
| 144 | Udruženje za Sport i Rekreaciju Invalida02018942 · Hospitality | <0.1% | 38,049€ | +84.1% | 3,141€ | 8.3% | 2 | 355€ |
| 145 | Bon Senjo03637174 · Hospitality | <0.1% | 35,149€ | -41.4% | -26,625€ | -75.7% | 4 | 447€ |
| 146 | Zanzibar Adriatic03580059 · Hospitality | <0.1% | 34,165€ | -32.2% | -64,951€ | -190.1% | 3 | 580€ |
| 147 | Yu-Gastro03138836 · Hospitality | <0.1% | 30,461€ | -11.8% | -1,138€ | -3.7% | 1 | 799€ |
| 148 | Gabela03533794 · Hospitality | <0.1% | 28,951€ | -42.5% | -10,315€ | -35.6% | 2 | 687€ |
| 149 | Kiana03487628 · Hospitality | <0.1% | 26,706€ | +20.2% | 2,383€ | 8.9% | 2 | 675€ |
| 150 | S&J Elements03740757 · Hospitality | <0.1% | 24,301€ | No filing for 2024. | 791€ | 3.3% | 0 | — |