Revenue
8.4% of Montenegro's revenue
1,880 companies earned 1.48b€ in 2025, 8.4% of all company revenue in Montenegro. It ranks 2 of 25 municipalities by revenue. Revenue has grown 2.0× since 2015.
8.4% of Montenegro's revenue
28.6 per 1,000 residents · Montenegro 57.3
Largest employer: Elektroprivreda Crne Gore (1,170)
Total profit: -20.10m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 736,967,003€ | 992 |
| 2016 | 733,856,066€ | 1,087 |
| 2017 | 844,204,582€ | 1,146 |
| 2018 | 902,932,275€ | 1,255 |
| 2019 | 933,841,671€ | 1,348 |
| 2020 | 924,882,736€ | 1,443 |
| 2021 | 1,056,901,497€ | 1,559 |
| 2022 | 1,440,432,113€ | 1,644 |
| 2023 | 1,374,002,941€ | 1,697 |
| 2024 | 1,437,089,028€ | 1,810 |
| 2025 (Preliminary) | 1,483,187,027€ | 1,880 |
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 151–200 of 1,880
* 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* |
|---|
| 151 | Kosanović02718812 · Energy, water & waste | <0.1% | 1,095,223€ | +373.5% | 689,287€ | 62.9% | 4 | 1,062€ |
| 152 | Deus Group02620120 · Trade | <0.1% | 1,070,209€ | -84.1% | 62,719€ | 5.9% | 7 | 1,743€ |
| 153 | Golden Investment Group03313140 · Hospitality | <0.1% | 1,067,521€ | +67.6% | -442,419€ | -41.4% | 17 | 1,039€ |
| 154 | Rudkop03066711 · Mining | <0.1% | 1,063,866€ | +90,828.7% | 671,833€ | 63.2% | 8 | 1,304€ |
| 155 | Logistica02897610 · Transport & logistics | <0.1% | 1,050,587€ | +1.1% | 195,361€ | 18.6% | 8 | 2,012€ |
| 156 | Healthy Life CF03106063 · Trade | <0.1% | 1,042,341€ | +24.0% | 110,764€ | 10.6% | 40 | 624€ |
| 157 | Centrosinergija Montenegro03517705 · Trade | <0.1% | 1,041,752€ | -3.1% | 1,935€ | 0.2% | 2 | 1,217€ |
| 158 | Rakunat03145280 · Professional services | <0.1% | 1,037,454€ | +137.2% | 104,840€ | 10.1% | 5 | 2,161€ |
| 159 | Enterijeri - SNV03093387 · Manufacturing | <0.1% | 1,036,908€ | +12.8% | 53,095€ | 5.1% | 14 | 1,292€ |
| 160 | Agro Sistem Ana02911035 · Hospitality | <0.1% | 1,033,783€ | +123.9% | 190,184€ | 18.4% | 32 | 537€ |
| 161 | Rivir02368919 · Agriculture | <0.1% | 1,033,400€ | +10.9% | 6,263€ | 0.6% | 5 | 805€ |
| 162 | Archifocus03098664 · Professional services | <0.1% | 1,028,820€ | +51.3% | 32,440€ | 3.2% | 5 | 1,308€ |
| 163 | Agro Ab02621118 · Trade | <0.1% | 1,022,955€ | -34.2% | 13,561€ | 1.3% | 20 | — |
| 164 | Monte Design Furniture03522903 · Manufacturing | <0.1% | 1,019,218€ | +26.2% | 116,028€ | 11.4% | 12 | 843€ |
| 165 | Piatto03353460 · Hospitality | <0.1% | 1,017,429€ | +34.6% | 96,712€ | 9.5% | 23 | 943€ |
| 166 | El-Fon02336693 · Trade | <0.1% | 1,010,629€ | +17.9% | 50,375€ | 5.0% | 6 | 921€ |
| 167 | Progres & Co02058413 · Manufacturing | <0.1% | 1,001,663€ | -39.7% | -252,783€ | -25.2% | 58 | 712€ |
| 168 | Migcomerc02049074 · Construction | <0.1% | 999,770€ | +7.7% | 80,529€ | 8.1% | 10 | 1,475€ |
| 169 | Štit Company02454882 · Transport & logistics | <0.1% | 997,480€ | -36.5% | -35,721€ | -3.6% | 10 | 788€ |
| 170 | Farm Company03296466 · Agriculture | <0.1% | 986,747€ | -22.1% | 122,233€ | 12.4% | 4 | 919€ |
| 171 | Knežević Company03062511 · Transport & logistics | <0.1% | 975,357€ | -5.5% | 108,462€ | 11.1% | 8 | 3,148€ |
| 172 | <0.1% | 968,899€ | +15.5% | 59,764€ | 6.2% | 1 | 16,565€ | |
| 173 | Audio Dream02727862 · Trade | <0.1% | 960,560€ | +4.0% | 28,025€ | 2.9% | 7 | 664€ |
| 174 | Frigo Elektro Sistem02437104 · Trade | <0.1% | 951,322€ | -13.8% | 83,523€ | 8.8% | 4 | 757€ |
| 175 | Bojić-Nikšić02875322 · Trade | <0.1% | 950,515€ | +15.6% | 24,922€ | 2.6% | 6 | 727€ |
| 176 | Mrvaljević Co02307235 · Construction | <0.1% | 946,763€ | +22.2% | 10,962€ | 1.2% | 10 | 1,523€ |
| 177 | Transport Bajović03338606 · Transport & logistics | <0.1% | 937,182€ | -29.4% | 93,672€ | 10.0% | 14 | 1,241€ |
| 178 | Rapax02870711 · Trade | <0.1% | 933,861€ | +0.1% | 128,395€ | 13.7% | 5 | 1,201€ |
| 179 | Nik As Autosport02305372 · Trade | <0.1% | 916,266€ | +31.2% | 52,835€ | 5.8% | 7 | 725€ |
| 180 | North-Ex03267547 · Mining | <0.1% | 915,045€ | +6.1% | 72,013€ | 7.9% | 3 | 1,417€ |
| 181 | DM-Lux Taxi03001148 · Transport & logistics | <0.1% | 914,706€ | +13.7% | 58,137€ | 6.4% | 33 | 761€ |
| 182 | Regent Resort03407241 · Hospitality | <0.1% | 912,898€ | +105.2% | 210,026€ | 23.0% | 14 | 1,004€ |
| 183 | Geotehnika Montenegro02704404 · Professional services | <0.1% | 906,928€ | +50.8% | 164,757€ | 18.2% | 13 | 1,412€ |
| 184 | Nonel Sistem03105865 · Construction | <0.1% | 889,873€ | +41.8% | 292,540€ | 32.9% | 10 | 1,277€ |
| 185 | Gardašević02398052 · Transport & logistics | <0.1% | 889,373€ | +8.1% | 44,659€ | 5.0% | 18 | 585€ |
| 186 | Kontura Interiors03401588 · Manufacturing | <0.1% | 885,164€ | +57.9% | 264,236€ | 29.9% | 31 | 747€ |
| 187 | Raičević-Mont02693801 · Construction | <0.1% | 875,194€ | +59.8% | 132,872€ | 15.2% | 8 | 705€ |
| 188 | GYM Car Team03315738 · Professional services | <0.1% | 873,010€ | +13.9% | 40,513€ | 4.6% | 6 | 915€ |
| 189 | Hiperion02908417 · Professional services | <0.1% | 858,915€ | +36.1% | 222,434€ | 25.9% | 14 | 1,451€ |
| 190 | MG - Pro Tech02398303 · Professional services | <0.1% | 855,317€ | +4.8% | 1,030€ | 0.1% | 9 | 555€ |
| 191 | MM System i03164713 · Trade | <0.1% | 855,272€ | +30.2% | 12,341€ | 1.4% | 4 | — |
| 192 | Heco System03036677 · Construction | <0.1% | 848,406€ | +62.4% | 197,693€ | 23.3% | 6 | 883€ |
| 193 | PŽ Lucky02335026 · Trade | <0.1% | 848,335€ | +1.3% | 199,014€ | 23.5% | 10 | 1,278€ |
| 194 | Montex-Hidromont02167654 · Manufacturing | <0.1% | 847,802€ | +1.2% | 136,559€ | 16.1% | 6 | 1,059€ |
| 195 | P&W Leasing Agency Two02897334 · Administrative services | <0.1% | 837,303€ | -28.8% | 5,906€ | 0.7% | 120 | 568€ |
| 196 | Milvita03552845 · Trade | <0.1% | 827,275€ | +67.4% | 64,643€ | 7.8% | 5 | 1,247€ |
| 197 | Krnovo Holdco03040232 · Finance & insurance | <0.1% | 824,941€ | -5.5% | -251,153€ | -30.4% | 1 | 492€ |
| 198 | Porodična Farma Miljanić02967804 · Manufacturing | <0.1% | 821,733€ | +38.4% | 54,810€ | 6.7% | 5 | 1,240€ |
| 199 | Glušica02193191 · Transport & logistics | <0.1% | 821,701€ | +4.3% | 114,169€ | 13.9% | 18 | 798€ |
| 200 | Lima B03005038 · Transport & logistics | <0.1% | 820,786€ | +34.3% | 19,127€ | 2.3% | 40 | 765€ |