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 251–300 of 1,334
* 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* |
|---|
| 251 | Cataro Tours03177068 · Administrative services | <0.1% | 233,089€ | +138.0% | 66,175€ | 28.4% | 7 | 572€ |
| 252 | Aurora Trade03184315 · Agriculture | <0.1% | 228,232€ | -20.9% | 1,199€ | 0.5% | 6 | 716€ |
| 253 | Vukas Tourism03650600 · Hospitality | <0.1% | 225,453€ | +35.0% | 112,203€ | 49.8% | 2 | 734€ |
| 254 | South Star Provisions02977354 · Transport & logistics | <0.1% | 223,061€ | +143.5% | 47,863€ | 21.5% | 1 | 490€ |
| 255 | Tourist Pul03201759 · Transport & logistics | <0.1% | 222,876€ | +95.0% | 27,708€ | 12.4% | 8 | 859€ |
| 256 | Deamat03219364 · Hospitality | <0.1% | 219,486€ | +45.9% | -2,431€ | -1.1% | 4 | 982€ |
| 257 | Eds02866846 · Hospitality | <0.1% | 219,151€ | -3.9% | 8,473€ | 3.9% | 5 | 892€ |
| 258 | Ccec Investments03148718 · Construction | <0.1% | 216,577€ | +679.5% | 160,561€ | 74.1% | 1 | 677€ |
| 259 | Spalogy03326551 · Personal services | <0.1% | 215,811€ | +288.1% | 98,507€ | 45.6% | 5 | 882€ |
| 260 | Smyrna03123855 · Trade | <0.1% | 214,368€ | -14.0% | 24,869€ | 11.6% | 4 | 664€ |
| 261 | Vladex02420821 · Construction | <0.1% | 212,328€ | +51.9% | 33,610€ | 15.8% | 5 | 1,014€ |
| 262 | Boka Porta02924340 · Hospitality | <0.1% | 211,929€ | +6.5% | -80,859€ | -38.2% | 3 | 772€ |
| 263 | Mobileland Accessories02938529 · Trade | <0.1% | 211,748€ | -21.2% | 22,268€ | 10.5% | 8 | 815€ |
| 264 | Kotor Mar02416123 · Administrative services | <0.1% | 210,223€ | +42.8% | 69,433€ | 33.0% | 2 | 2,397€ |
| 265 | Ko - Caffe03066355 · Hospitality | <0.1% | 207,794€ | +73.0% | 55,120€ | 26.5% | 4 | 715€ |
| 266 | Kotor Travel02975017 · Transport & logistics | <0.1% | 206,419€ | +30.4% | 48,688€ | 23.6% | 5 | 810€ |
| 267 | Tianis03107531 · Hospitality | <0.1% | 200,804€ | +54.2% | -5,064€ | -2.5% | 4 | 1,459€ |
| 268 | Mačić02931770 · Trade | <0.1% | 200,160€ | +12.2% | 14,266€ | 7.1% | 4 | 990€ |
| 269 | Golden Group03005976 · Real estate | <0.1% | 199,395€ | -6.3% | -234,234€ | -117.5% | 8 | 1,658€ |
| 270 | Marvel Tourism03589293 · Hospitality | <0.1% | 198,213€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -24,558€ | -12.4% | 6 | 535€ |
| 271 | Fimaco03082091 · Trade | <0.1% | 197,214€ | -31.1% | 457€ | 0.2% | 1 | 1,861€ |
| 272 | Vetal02339994 · Manufacturing | <0.1% | 194,432€ | +211.8% | 3,463€ | 1.8% | 3 | 718€ |
| 273 | Initium Company03413071 · Hospitality | <0.1% | 194,340€ | +27.9% | 6,996€ | 3.6% | 5 | 1,049€ |
| 274 | Green Story Store03617866 · Trade | <0.1% | 193,485€ | +29.3% | -11,817€ | -6.1% | 3 | 1,435€ |
| 275 | Kotour Travel Agency03120775 · Administrative services | <0.1% | 189,336€ | +50.4% | 47,590€ | 25.1% | 3 | 845€ |
| 276 | Red & White Company03614603 · Trade | <0.1% | 188,168€ | +64.4% | 98,494€ | 52.3% | 3 | 991€ |
| 277 | Persons Co03353796 · Hospitality | <0.1% | 187,256€ | +14.8% | 23,266€ | 12.4% | 6 | 1,148€ |
| 278 | 2montenegro03130622 · Real estate | <0.1% | 185,812€ | +118.1% | 10,599€ | 5.7% | 1 | 3,705€ |
| 279 | Nidas Ko03250024 · Transport & logistics | <0.1% | 185,272€ | -21.7% | 987€ | 0.5% | 5 | 794€ |
| 280 | Subotić S02964481 · Administrative services | <0.1% | 184,285€ | +79.0% | 38,545€ | 20.9% | 1 | 925€ |
| 281 | Ineska02644355 · Education | <0.1% | 183,821€ | +30.6% | 13,175€ | 7.2% | 2 | 3,961€ |
| 282 | Ponta Risan03187209 · Hospitality | <0.1% | 183,758€ | +19.7% | 30,672€ | 16.7% | 4 | 1,010€ |
| 283 | Veterinarska Ambulanta Petričević03377458 · Professional services | <0.1% | 183,288€ | +8.0% | 150€ | 0.1% | 4 | 1,491€ |
| 284 | Pupa03125033 · Hospitality | <0.1% | 182,451€ | +6.8% | 8,432€ | 4.6% | 3 | 1,051€ |
| 285 | Visan-CG02366371 · Administrative services | <0.1% | 182,195€ | +3.2% | 45,247€ | 24.8% | 4 | 1,762€ |
| 286 | Pav Estate03516814 · Hospitality | <0.1% | 181,525€ | -8.4% | 16,311€ | 9.0% | 6 | 894€ |
| 287 | Putex02057093 · Hospitality | <0.1% | 180,779€ | +5.1% | 3,515€ | 1.9% | 6 | 804€ |
| 288 | Petrol M&D Servis03020436 · Manufacturing | <0.1% | 179,166€ | +1.4% | 57,324€ | 32.0% | 3 | 686€ |
| 289 | Handy Man Mne03653056 · Real estate | <0.1% | 178,468€ | +4,932.9% | -45,637€ | -25.6% | 2 | 786€ |
| 290 | Vulović Brothers03243788 · Hospitality | <0.1% | 178,123€ | +11.5% | -36,693€ | -20.6% | 5 | 805€ |
| 291 | Lazaro02217848 · Transport & logistics | <0.1% | 176,985€ | -1.1% | -65,523€ | -37.0% | 6 | 1,055€ |
| 292 | Novi Svet03579492 · Hospitality | <0.1% | 176,051€ | +30.9% | -33,486€ | -19.0% | 3 | 991€ |
| 293 | Het Anker03398315 · Hospitality | <0.1% | 175,322€ | +30.6% | 602€ | 0.3% | 4 | 1,051€ |
| 294 | Ap 123403576965 · Trade | <0.1% | 175,249€ | +95.4% | 42,855€ | 24.5% | 1 | 339€ |
| 295 | Jani03122557 · Manufacturing | <0.1% | 173,338€ | +24.5% | 2,109€ | 1.2% | 6 | 703€ |
| 296 | Rijo03298892 · Transport & logistics | <0.1% | 171,934€ | +186.4% | -35,639€ | -20.7% | 9 | 543€ |
| 297 | Kotor Am02785757 · Education | <0.1% | 170,600€ | +51.7% | 39,259€ | 23.0% | 2 | 2,810€ |
| 298 | Hon One03731111 · Hospitality | <0.1% | 169,783€ | No filing for 2024. | -291,705€ | -171.8% | 6 | 2,067€ |
| 299 | Superior Stars03596460 · Hospitality | <0.1% | 169,491€ | -35.1% | -66,272€ | -39.1% | 5 | 1,261€ |
| 300 | Ulysses Yacht03481093 · Manufacturing | <0.1% | 167,338€ | +122.3% | 39,656€ | 23.7% | 2 | 930€ |