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 1–20 of 20
* 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 | Elektroprivreda Crne Gore02002230 · Energy, water & waste | 27.6% | 409,699,890€ | -6.0% | -92,121,426€ | -22.5% | 1,170 | 2,032€ |
| 2 | Centar za Reciklažu02635879 · Energy, water & waste | 0.5% | 7,571,462€ | -41.8% | 18,046€ | 0.2% | 39 | 1,232€ |
| 3 | Komunalno02000857 · Energy, water & waste | 0.4% | 6,022,538€ | +43.2% | 411,975€ | 6.8% | 159 | 1,227€ |
| 4 | Vodovod i Kanalizacija02033143 · Energy, water & waste | 0.3% | 4,859,607€ | +0.2% | -249,631€ | -5.1% | 189 | 1,230€ |
| 5 | Kosanović02718812 · Energy, water & waste | <0.1% | 1,095,223€ | +373.5% | 689,287€ | 62.9% | 4 | 1,062€ |
| 6 | Kappa Star Recycling Montenegro03102882 · Energy, water & waste | <0.1% | 727,281€ | -10.7% | 15,598€ | 2.1% | 5 | 1,898€ |
| 7 | Titanium03151662 · Energy, water & waste | <0.1% | 638,977€ | -4.9% | 4,620€ | 0.7% | 2 | 675€ |
| 8 | Sveti Nikola02158477 · Energy, water & waste | <0.1% | 602,758€ | +3.8% | 17,110€ | 2.8% | 7 | 644€ |
| 9 | MM System02904519 · Energy, water & waste | <0.1% | 362,711€ | +72.1% | 43,711€ | 12.1% | 9 | 661€ |
| 10 | R-Solar03487547 · Energy, water & waste | <0.1% | 239,569€ | +77.0% | 7,087€ | 3.0% | 23 | 841€ |
| 11 | Špedsirovina02222736 · Energy, water & waste | <0.1% | 92,728€ | -5.1% | 1,635€ | 1.8% | 1 | 678€ |
| 12 | Ivanje02854783 · Energy, water & waste | <0.1% | 21,594€ | -77.8% | 2,103€ | 9.7% | 1 | 675€ |
| 13 | Piva Energy03457664 · Energy, water & waste | <0.1% | 10,360€ | +36.7% | 2,085€ | 20.1% | 1 | 678€ |
| 14 | Pekos-Peković02229404 · Energy, water & waste | <0.1% | 1,210€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,400€ | -694.2% | 1 | 674€ |
| 15 | Solpeco03617980 · Energy, water & waste | <0.1% | 860€ | +7.5% | -6,494€ | -755.1% | 1 | 581€ |
| 16 | A10103545407 · Energy, water & waste | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,725€ | — | 1 | — |
| 17 | Solar Electro03560597 · Energy, water & waste | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,877€ | — | 1 | 450€ |
| 18 | Nik Energetik03261905 · Energy, water & waste | 0.0% | 0€ | -100.0% | -14,657€ | — | 1 | 677€ |
| 19 | Ecologic CG02902176 · Energy, water & waste | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -450€ | — | 1 | — |
| 20 | Kosovosirovina02769166 · Energy, water & waste | 0.0% | 0€ | -100.0% | -12,318€ | — | 1 | 802€ |