Revenue
1.3% of Montenegro's revenue
499 companies earned 227.92m€ in 2025, 1.3% of all company revenue in Montenegro. It ranks 12 of 25 municipalities by revenue. Revenue has grown 1.9× since 2015.
1.3% of Montenegro's revenue
20.7 per 1,000 residents · Montenegro 57.3
Largest employer: Rudnik Uglja (1,113)
Total profit: 157,958€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 118,114,526€ | 331 |
| 2016 | 107,254,530€ | 356 |
| 2017 | 125,403,201€ | 378 |
| 2018 | 129,015,523€ | 399 |
| 2019 | 127,678,759€ | 415 |
| 2020 | 130,240,039€ | 440 |
| 2021 | 138,177,042€ | 452 |
| 2022 | 178,865,306€ | 468 |
| 2023 | 206,876,288€ | 474 |
| 2024 | 214,760,497€ | 495 |
| 2025 (Preliminary) | 227,924,695€ | 499 |
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 73
* 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 | Žitoprodukt02009676 · Manufacturing | 2.8% | 6,372,352€ | +12.8% | 278,304€ | 4.4% | 72 | 877€ |
| 2 | Roto - Term03226441 · Manufacturing | 1.2% | 2,767,758€ | +5.8% | 160,709€ | 5.8% | 23 | 1,678€ |
| 3 | Jasen02354721 · Manufacturing | 1.1% | 2,559,376€ | +18.7% | 42,915€ | 1.7% | 34 | 778€ |
| 4 | Zeleno Borje02864371 · Manufacturing | 1.0% | 2,334,099€ | +3.4% | 450,774€ | 19.3% | 34 | 688€ |
| 5 | Hranom do Zdravlja 201302948508 · Manufacturing | 0.8% | 1,827,576€ | +48.0% | 40,875€ | 2.2% | 14 | 718€ |
| 6 | Mivex Food02936666 · Manufacturing | 0.6% | 1,279,299€ | -26.2% | 10,622€ | 0.8% | 3 | 528€ |
| 7 | KM-Industrijska Oprema03158667 · Manufacturing | 0.5% | 1,130,520€ | +183.5% | 176,588€ | 15.6% | 1 | 42,087€ |
| 8 | 31 Oktobar02636263 · Manufacturing | 0.4% | 1,022,792€ | +4.6% | 61,199€ | 6.0% | 24 | 711€ |
| 9 | RM-Komerc02169983 · Manufacturing | 0.4% | 948,402€ | +25.8% | 69,850€ | 7.4% | 12 | 834€ |
| 10 | Lijeska02901382 · Manufacturing | 0.4% | 948,091€ | +34.7% | 34,095€ | 3.6% | 17 | 622€ |
| 11 | Maradom02049996 · Manufacturing | 0.4% | 860,964€ | +48.9% | 32,428€ | 3.8% | 22 | 722€ |
| 12 | Javor Internacional02438160 · Manufacturing | 0.3% | 711,110€ | +27.4% | 23,756€ | 3.3% | 14 | 749€ |
| 13 | Živas02628783 · Manufacturing | 0.2% | 556,468€ | -11.0% | 2,982€ | 0.5% | 14 | 701€ |
| 14 | Orion-D.S.02191199 · Manufacturing | 0.2% | 525,716€ | +13.5% | 2,912€ | 0.6% | 19 | 733€ |
| 15 | Stožer Energy03745163 · Manufacturing | 0.2% | 502,915€ | No filing for 2024. | 104,784€ | 20.8% | 24 | 1,249€ |
| 16 | Forest Plus03124444 · Manufacturing | 0.2% | 448,968€ | -21.2% | 54,858€ | 12.2% | 12 | 714€ |
| 17 | Deljevina02396785 · Manufacturing | 0.2% | 399,645€ | -9.7% | 1,902€ | 0.5% | 15 | 596€ |
| 18 | Drvocomerc03041867 · Manufacturing | 0.2% | 349,915€ | +40.5% | 5,966€ | 1.7% | 13 | 767€ |
| 19 | Mili Company02424878 · Manufacturing | 0.1% | 330,461€ | -44.5% | 19,500€ | 5.9% | 15 | — |
| 20 | Galeb-Prom03208362 · Manufacturing | 0.1% | 297,857€ | +6.2% | -61,061€ | -20.5% | 12 | 621€ |
| 21 | GM - Produkt02402467 · Manufacturing | 0.1% | 296,483€ | +13.5% | 3,093€ | 1.0% | 5 | 754€ |
| 22 | Mljekara02189313 · Manufacturing | 0.1% | 274,292€ | -1.7% | -2,530€ | -0.9% | 11 | 692€ |
| 23 | MS Komerc02455056 · Manufacturing | 0.1% | 270,593€ | +99.0% | 17,560€ | 6.5% | 3 | 1,146€ |
| 24 | Čočaj03006816 · Manufacturing | <0.1% | 227,269€ | +326.8% | 2,208€ | 1.0% | 14 | 601€ |
| 25 | Montercomerc02630974 · Manufacturing | <0.1% | 225,933€ | -21.3% | 264€ | 0.1% | 2 | 795€ |
| 26 | Granit-Compani03661075 · Manufacturing | <0.1% | 207,981€ | +134.4% | 590€ | 0.3% | 6 | 913€ |
| 27 | Bahus02730839 · Manufacturing | <0.1% | 153,991€ | +15.2% | 14,542€ | 9.4% | 4 | 598€ |
| 28 | West Balkans Machinery CG03280411 · Manufacturing | <0.1% | 153,943€ | +32.8% | 12,060€ | 7.8% | 1 | 1,300€ |
| 29 | Sen - Company03184161 · Manufacturing | <0.1% | 151,330€ | +30.1% | -62,392€ | -41.2% | 4 | 742€ |
| 30 | Omar02783282 · Manufacturing | <0.1% | 138,136€ | +8.6% | 20,385€ | 14.8% | 4 | 682€ |
| 31 | M Produkt03261654 · Manufacturing | <0.1% | 136,034€ | +13.7% | 3,357€ | 2.5% | 3 | 657€ |
| 32 | Euroflex-Pljevlja03080943 · Manufacturing | <0.1% | 133,858€ | +38.6% | 29,559€ | 22.1% | 2 | 719€ |
| 33 | Zračak Nade02346249 · Manufacturing | <0.1% | 129,434€ | +10.8% | 0€ | 0.0% | 8 | 1,171€ |
| 34 | Castello Montenegro02010127 · Manufacturing | <0.1% | 126,296€ | +25.9% | -4,645€ | -3.7% | 0 | — |
| 35 | Pivljanin02789086 · Manufacturing | <0.1% | 99,760€ | +54.4% | 22,548€ | 22.6% | 2 | 591€ |
| 36 | Papić02366576 · Manufacturing | <0.1% | 81,262€ | +19.8% | -9,723€ | -12.0% | 4 | 742€ |
| 37 | Metal Bau03055221 · Manufacturing | <0.1% | 79,201€ | -12.7% | -17,984€ | -22.7% | 7 | 682€ |
| 38 | Ćirović-J03096092 · Manufacturing | <0.1% | 75,260€ | -2.7% | -16,015€ | -21.3% | 2 | 708€ |
| 39 | Mega Ii02901170 · Manufacturing | <0.1% | 75,023€ | +3.9% | -4,868€ | -6.5% | 4 | 513€ |
| 40 | Kajzer S03105652 · Manufacturing | <0.1% | 66,893€ | -8.4% | 3,061€ | 4.6% | 4 | 660€ |
| 41 | Pekara Čarobnjak03322696 · Manufacturing | <0.1% | 61,634€ | +2.9% | -2,650€ | -4.3% | 6 | 608€ |
| 42 | Mmaw 201803224619 · Manufacturing | <0.1% | 55,991€ | +1.6% | 5,817€ | 10.4% | 3 | — |
| 43 | Eding02856310 · Manufacturing | <0.1% | 51,165€ | +31.9% | 23,082€ | 45.1% | 1 | 676€ |
| 44 | Ram-Bee03299805 · Manufacturing | <0.1% | 48,895€ | -25.7% | -3,687€ | -7.5% | 5 | 666€ |
| 45 | Talić02741881 · Manufacturing | <0.1% | 46,445€ | -29.1% | -8,771€ | -18.9% | 2 | 912€ |
| 46 | Štur . Komerc07697180 · Manufacturing | <0.1% | 45,171€ | -12.0% | -1,582€ | -3.5% | 1 | 355€ |
| 47 | Bambi Stil02844800 · Manufacturing | <0.1% | 43,396€ | -11.9% | -352€ | -0.8% | 1 | 684€ |
| 48 | Nanotronic02732971 · Manufacturing | <0.1% | 42,914€ | -46.3% | 1,042€ | 2.4% | 2 | 962€ |
| 49 | MN Rad Promet02724278 · Manufacturing | <0.1% | 36,765€ | -32.1% | 5,798€ | 15.8% | 1 | 469€ |
| 50 | Štamparija Teos03256162 · Manufacturing | <0.1% | 36,364€ | +449.6% | 6,174€ | 17.0% | 2 | 650€ |