Revenue
4.1% of Montenegro's revenue
2,026 companies earned 720.39m€ in 2025, 4.1% of all company revenue in Montenegro. It ranks 5 of 25 municipalities by revenue. Revenue has grown 5.0× since 2015.
4.1% of Montenegro's revenue
124.0 per 1,000 residents · Montenegro 57.3
Largest employer: Adriatic Marinas (212)
Total profit: 28.96m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 145,047,133€ | 701 |
| 2016 | 168,406,690€ | 724 |
| 2017 | 250,809,774€ | 814 |
| 2018 | 280,589,378€ | 995 |
| 2019 | 304,622,138€ | 1,113 |
| 2020 | 218,589,049€ | 1,230 |
| 2021 | 314,586,548€ | 1,346 |
| 2022 | 378,418,158€ | 1,640 |
| 2023 | 480,364,113€ | 1,861 |
| 2024 | 608,235,726€ | 1,966 |
| 2025 (Preliminary) | 720,385,269€ | 2,026 |
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 300
* 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 | CG Investment02991837 · Real estate | 0.3% | 2,439,090€ | -28.7% | 1,902,215€ | 78.0% | 1 | 2,571€ |
| 2 | TCG Unique Properties03212769 · Real estate | 0.3% | 2,316,424€ | +16,990.3% | 620,116€ | 26.8% | 1 | — |
| 3 | A&A Design and Interior03394611 · Real estate | 0.2% | 1,637,027€ | +621.1% | -175,971€ | -10.7% | 6 | 674€ |
| 4 | Montenegro Investment & Land Holdings02451247 · Real estate | 0.2% | 1,505,565€ | +75,278,150.0% | 295,009€ | 19.6% | 1 | 464€ |
| 5 | Confido Company03265846 · Real estate | 0.1% | 1,020,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 848,526€ | 83.2% | 1 | 1,243€ |
| 6 | Re Invest03222152 · Real estate | 0.1% | 1,006,677€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,859€ | -0.3% | 1 | 678€ |
| 7 | Rigger Real Estate Group03533522 · Real estate | 0.1% | 982,883€ | +140.9% | 24,142€ | 2.5% | 1 | 675€ |
| 8 | Monte Investment Group LLC03249387 · Real estate | 0.1% | 920,201€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 131,459€ | 14.3% | 1 | 678€ |
| 9 | Wood Properties03678784 · Real estate | 0.1% | 780,924€ | +2,017.6% | 644,841€ | 82.6% | 1 | 740€ |
| 10 | Luxury Properties03284077 · Real estate | 0.1% | 758,998€ | +34.6% | 150,746€ | 19.9% | 12 | 1,286€ |
| 11 | Ena Capital03403858 · Real estate | <0.1% | 686,136€ | +273,261.0% | 68,941€ | 10.0% | 1 | 10,032€ |
| 12 | Rest Land03377130 · Real estate | <0.1% | 623,121€ | +1,574.2% | -16,716€ | -2.7% | 1 | 926€ |
| 13 | High Life Construction03382885 · Real estate | <0.1% | 509,132€ | +50.7% | 28,137€ | 5.5% | 1 | 932€ |
| 14 | Vastgoed-Luštica03284484 · Real estate | <0.1% | 506,543€ | +794.2% | 213,444€ | 42.1% | 2 | 2,216€ |
| 15 | Kallini03330982 · Real estate | <0.1% | 470,785€ | -5.3% | -124,167€ | -26.4% | 10 | 775€ |
| 16 | 2LB Montenegro03049817 · Real estate | <0.1% | 467,971€ | +46.7% | -26,328€ | -5.6% | 5 | 1,058€ |
| 17 | Forrus02700468 · Real estate | <0.1% | 422,529€ | +40.8% | 4,734€ | 1.1% | 1 | 943€ |
| 18 | Cinque Cubetti03339394 · Real estate | <0.1% | 377,470€ | -9.7% | -17,320€ | -4.6% | 1 | 846€ |
| 19 | Baia 50303475654 · Real estate | <0.1% | 344,729€ | +1,641,466.7% | 40,966€ | 11.9% | 1 | 1,409€ |
| 20 | Value102833131 · Real estate | <0.1% | 320,048€ | -1.4% | 70,572€ | 22.1% | 4 | 1,636€ |
| 21 | Montenegrodom Company02736063 · Real estate | <0.1% | 258,133€ | +72.9% | 87,938€ | 34.1% | 2 | 797€ |
| 22 | Iso Building02969513 · Real estate | <0.1% | 248,448€ | +0.5% | 141,571€ | 57.0% | 2 | 675€ |
| 23 | Port Land02954982 · Real estate | <0.1% | 209,822€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 29,953€ | 14.3% | 1 | 675€ |
| 24 | Venture M02992302 · Real estate | <0.1% | 194,839€ | +253.9% | -32,403€ | -16.6% | 1 | 678€ |
| 25 | Novasol03634990 · Real estate | <0.1% | 184,701€ | +45.9% | 91,947€ | 49.8% | 2 | 908€ |
| 26 | Waz Porto03103021 · Real estate | <0.1% | 181,142€ | +293.0% | 34,931€ | 19.3% | 1 | 681€ |
| 27 | Flow Ing03323498 · Real estate | <0.1% | 176,971€ | +595.4% | 63,327€ | 35.8% | 1 | 678€ |
| 28 | 42 North02945266 · Real estate | <0.1% | 151,280€ | +4.0% | 20,854€ | 13.8% | 1 | 677€ |
| 29 | Maris Re03103820 · Real estate | <0.1% | 150,173€ | -5.2% | -34,360€ | -22.9% | 1 | 339€ |
| 30 | An Investments03573664 · Real estate | <0.1% | 149,273€ | +217.6% | 98,447€ | 66.0% | 1 | 674€ |
| 31 | Union Plus03458113 · Real estate | <0.1% | 143,296€ | +487.0% | -104,270€ | -72.8% | 1 | 929€ |
| 32 | Resido Montenegro02786605 · Real estate | <0.1% | 142,288€ | -54.4% | 8,312€ | 5.8% | 4 | 981€ |
| 33 | MNR Capital03362094 · Real estate | <0.1% | 139,236€ | +77.1% | 91,719€ | 65.9% | 1 | 987€ |
| 34 | Andrap03149633 · Real estate | <0.1% | 138,935€ | +3.8% | -80,818€ | -58.2% | 1 | 681€ |
| 35 | Agro-Bell03393950 · Real estate | <0.1% | 138,297€ | +2.6% | 35,157€ | 25.4% | 1 | 674€ |
| 36 | Black Cherry03202631 · Real estate | <0.1% | 125,895€ | +1.9% | -376€ | -0.3% | 1 | 880€ |
| 37 | PM 1.2203031667 · Real estate | <0.1% | 120,138€ | +2.3% | 13,055€ | 10.9% | 1 | 680€ |
| 38 | PM 1.2503106926 · Real estate | <0.1% | 115,615€ | -4.8% | -15,115€ | -13.1% | 1 | 565€ |
| 39 | Mbroker03615189 · Real estate | <0.1% | 112,062€ | +5.2% | -11,675€ | -10.4% | 2 | 875€ |
| 40 | Lad Mad Pad03277194 · Real estate | <0.1% | 108,405€ | +10.7% | -6,755€ | -6.2% | 6 | 579€ |
| 41 | Ars Intertrade03438686 · Real estate | <0.1% | 108,400€ | +202.4% | 30,780€ | 28.4% | 7 | 613€ |
| 42 | New Territory02464993 · Real estate | <0.1% | 107,651€ | -32.8% | -24,780€ | -23.0% | 3 | 2,060€ |
| 43 | Tivavilla03479463 · Real estate | <0.1% | 105,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,383€ | -2.3% | 1 | — |
| 44 | Nim Real Estate03256715 · Real estate | <0.1% | 92,781€ | -0.9% | 23,250€ | 25.1% | 1 | 675€ |
| 45 | Levimax03238245 · Real estate | <0.1% | 91,249€ | +12.0% | 2,229€ | 2.4% | 2 | 1,529€ |
| 46 | MN Business Technologies03363392 · Real estate | <0.1% | 89,828€ | +1,246.1% | 28,768€ | 32.0% | 1 | 677€ |
| 47 | Living TV03150976 · Real estate | <0.1% | 87,358€ | -1.5% | 3,266€ | 3.7% | 1 | 669€ |
| 48 | Objekta Real Estate03362418 · Real estate | <0.1% | 81,462€ | +76.0% | 11,686€ | 14.3% | 2 | 934€ |
| 49 | Tanya Design Montenegro03233243 · Real estate | <0.1% | 75,819€ | +169.2% | -64,593€ | -85.2% | 1 | 929€ |
| 50 | Kontesa - LK02763028 · Real estate | <0.1% | 74,024€ | +27.4% | 3,397€ | 4.6% | 3 | 1,187€ |