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 201–250 of 499
* 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* |
|---|
| 201 | Source Systems03684849 · Technology | <0.1% | 77,323€ | +427.7% | 646€ | 0.8% | 2 | 2,068€ |
| 202 | A&R Nečko03074200 · Trade | <0.1% | 76,918€ | +14.6% | -2,493€ | -3.2% | 2 | 1,220€ |
| 203 | Hrast02774607 · Trade | <0.1% | 76,035€ | -10.7% | -2,607€ | -3.4% | 2 | 681€ |
| 204 | Ćirović-J03096092 · Manufacturing | <0.1% | 75,260€ | -2.7% | -16,015€ | -21.3% | 2 | 708€ |
| 205 | Milenijum JM02413507 · Hospitality | <0.1% | 75,201€ | -4.8% | -15,785€ | -21.0% | 5 | 478€ |
| 206 | Mega Ii02901170 · Manufacturing | <0.1% | 75,023€ | +3.9% | -4,868€ | -6.5% | 4 | 513€ |
| 207 | Farmavet02679302 · Professional services | <0.1% | 74,812€ | +21.5% | 9,034€ | 12.1% | 5 | 690€ |
| 208 | Em Company02989964 · Hospitality | <0.1% | 74,811€ | -8.0% | -27,127€ | -36.3% | 3 | 1,314€ |
| 209 | Ristanović02849020 · Trade | <0.1% | 73,920€ | +12.1% | -7,176€ | -9.7% | 3 | 608€ |
| 210 | Unija02221632 · Professional services | <0.1% | 73,814€ | +27.8% | 12,522€ | 17.0% | 3 | 472€ |
| 211 | Adi02934728 · Hospitality | <0.1% | 68,607€ | +12.9% | 944€ | 1.4% | 4 | 664€ |
| 212 | BM Transport03615588 · Transport & logistics | <0.1% | 68,007€ | +92.1% | 7,021€ | 10.3% | 2 | 613€ |
| 213 | Jutro PV02719533 · Trade | <0.1% | 67,949€ | +9.6% | -5,893€ | -8.7% | 3 | 758€ |
| 214 | Kajzer S03105652 · Manufacturing | <0.1% | 66,893€ | -8.4% | 3,061€ | 4.6% | 4 | 660€ |
| 215 | Good Story03295702 · Hospitality | <0.1% | 64,910€ | +9.4% | 152€ | 0.2% | 4 | 675€ |
| 216 | Kum Travel03644685 · Transport & logistics | <0.1% | 64,802€ | +499.1% | 17,675€ | 27.3% | 1 | 1,004€ |
| 217 | Garden03016404 · Hospitality | <0.1% | 64,531€ | +80.9% | 1,168€ | 1.8% | 3 | 632€ |
| 218 | Lim-Trade03388115 · Construction | <0.1% | 62,427€ | -16.2% | -14,639€ | -23.4% | 3 | 461€ |
| 219 | Vezičnica02258145 · Trade | <0.1% | 62,090€ | +5.0% | -1,706€ | -2.7% | 2 | 686€ |
| 220 | Pekara Čarobnjak03322696 · Manufacturing | <0.1% | 61,634€ | +2.9% | -2,650€ | -4.3% | 6 | 608€ |
| 221 | North Real Estate02922975 · Real estate | <0.1% | 61,149€ | +31.7% | 18,350€ | 30.0% | 1 | 683€ |
| 222 | Ra Promet02234343 · Trade | <0.1% | 60,514€ | -13.8% | 3,212€ | 5.3% | 2 | 545€ |
| 223 | Omega Cloud03701735 · Technology | <0.1% | 59,990€ | +517.4% | 40€ | 0.1% | 1 | 3,533€ |
| 224 | Vjetrenjača02944804 · Hospitality | <0.1% | 59,629€ | +26.8% | 10,132€ | 17.0% | 4 | 738€ |
| 225 | Stefan Trans03621359 · Transport & logistics | <0.1% | 58,434€ | +61.5% | 6,050€ | 10.4% | 1 | 1,257€ |
| 226 | Tuležine03307786 · Agriculture | <0.1% | 57,855€ | +328.6% | -27,355€ | -47.3% | 2 | 956€ |
| 227 | Feniks02189224 · Trade | <0.1% | 57,721€ | -29.9% | 43€ | 0.1% | 2 | 1,289€ |
| 228 | Valentino - N02783789 · Trade | <0.1% | 57,652€ | +8.5% | -18,464€ | -32.0% | 6 | 795€ |
| 229 | Šarančić03261913 · Trade | <0.1% | 57,537€ | +7.3% | -1,608€ | -2.8% | 1 | 675€ |
| 230 | 11. Oktobar02235714 · Trade | <0.1% | 56,258€ | -82.4% | -51,069€ | -90.8% | 3 | 751€ |
| 231 | Rubik M02905108 · Professional services | <0.1% | 56,186€ | +20.5% | 2,009€ | 3.6% | 4 | 913€ |
| 232 | Mmaw 201803224619 · Manufacturing | <0.1% | 55,991€ | +1.6% | 5,817€ | 10.4% | 3 | — |
| 233 | Tika Trans03346846 · Transport & logistics | <0.1% | 55,383€ | -25.3% | -4,708€ | -8.5% | 1 | 2,353€ |
| 234 | D&S Transport PV03412636 · Transport & logistics | <0.1% | 55,308€ | -63.7% | 6,697€ | 12.1% | 2 | 710€ |
| 235 | Pljevaljska Knjižara02771497 · Trade | <0.1% | 55,207€ | -15.1% | 3,708€ | 6.7% | 1 | 1,059€ |
| 236 | Ivanović MM03084361 · Personal services | <0.1% | 55,091€ | +16.7% | 4,116€ | 7.5% | 2 | 596€ |
| 237 | Start Auto02913089 · Trade | <0.1% | 54,727€ | -0.5% | -3,966€ | -7.2% | 2 | 637€ |
| 238 | P.M.P.02403358 · Trade | <0.1% | 53,703€ | +21.0% | -220€ | -0.4% | 3 | 745€ |
| 239 | San Dizajn03335321 · Personal services | <0.1% | 53,358€ | +45.1% | -8,258€ | -15.5% | 4 | 578€ |
| 240 | Eding02856310 · Manufacturing | <0.1% | 51,165€ | +31.9% | 23,082€ | 45.1% | 1 | 676€ |
| 241 | Olja Promet03050289 · Trade | <0.1% | 50,021€ | -6.4% | 1,125€ | 2.2% | 1 | 662€ |
| 242 | Ram-Bee03299805 · Manufacturing | <0.1% | 48,895€ | -25.7% | -3,687€ | -7.5% | 5 | 666€ |
| 243 | Holiday02999382 · Hospitality | <0.1% | 46,768€ | +2.0% | 9,723€ | 20.8% | 2 | 588€ |
| 244 | Džin Transport03588564 · Transport & logistics | <0.1% | 46,658€ | +20.8% | -3,807€ | -8.2% | 1 | 3,536€ |
| 245 | Talić02741881 · Manufacturing | <0.1% | 46,445€ | -29.1% | -8,771€ | -18.9% | 2 | 912€ |
| 246 | Tara-Diskont As03086291 · Trade | <0.1% | 45,678€ | +16.1% | -6,812€ | -14.9% | 2 | 825€ |
| 247 | Matić - Dental02699842 · Health & social care | <0.1% | 45,589€ | -6.7% | -830€ | -1.8% | 2 | 1,268€ |
| 248 | Set02339641 · Trade | <0.1% | 45,294€ | +166.2% | 13,627€ | 30.1% | 3 | 335€ |
| 249 | Štur . Komerc07697180 · Manufacturing | <0.1% | 45,171€ | -12.0% | -1,582€ | -3.5% | 1 | 355€ |
| 250 | Teo - Dent02699826 · Health & social care | <0.1% | 44,981€ | -4.9% | 799€ | 1.8% | 2 | 1,240€ |