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 178
* 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 | Luštica Development02744597 · Hospitality | 12.5% | 90,337,909€ | +13.0% | 574,487€ | 0.6% | 116 | 5,223€ |
| 2 | LB Hotels Management03201309 · Hospitality | 1.3% | 9,192,466€ | +8.5% | -1,870,926€ | -20.4% | 195 | 1,832€ |
| 3 | Adriatic Catering02971917 · Hospitality | 1.3% | 9,038,959€ | +64.4% | 447,397€ | 4.9% | 123 | 1,794€ |
| 4 | Primorje02008637 · Hospitality | 0.8% | 5,967,887€ | +58.7% | 1,911,561€ | 32.0% | 57 | 2,428€ |
| 5 | Milo&Chayse03346242 · Hospitality | 0.7% | 4,775,022€ | +27.6% | 1,216,391€ | 25.5% | 40 | 1,485€ |
| 6 | Food Style Mne02818124 · Hospitality | 0.4% | 2,749,909€ | -13.6% | 135,721€ | 4.9% | 43 | 1,482€ |
| 7 | Pasta Fresca Mne03434338 · Hospitality | 0.4% | 2,641,881€ | +678.2% | 67,112€ | 2.5% | 43 | 1,690€ |
| 8 | Ohm Mamula Montenegro03095924 · Hospitality | 0.3% | 2,484,251€ | +56.7% | -3,483,042€ | -140.2% | 62 | 2,860€ |
| 9 | Radovanović02225883 · Hospitality | 0.3% | 2,334,059€ | -1.5% | 233,686€ | 10.0% | 52 | 1,004€ |
| 10 | Zaliv Pro03326373 · Hospitality | 0.3% | 2,170,191€ | -17.1% | 182,785€ | 8.4% | 31 | 1,367€ |
| 11 | Optimist02815796 · Hospitality | 0.3% | 2,137,097€ | -2.2% | 67,390€ | 3.2% | 19 | 2,233€ |
| 12 | La Perla Hospitality03295419 · Hospitality | 0.3% | 2,030,704€ | -69.1% | 163,229€ | 8.0% | 13 | 2,123€ |
| 13 | Mimoza02008564 · Hospitality | 0.3% | 1,982,480€ | +12.6% | -189,033€ | -9.5% | 51 | 1,323€ |
| 14 | Mare Invest03293734 · Hospitality | 0.3% | 1,944,862€ | +29.3% | 280,363€ | 14.4% | 26 | 1,289€ |
| 15 | Kafeterija Montenegro03198928 · Hospitality | 0.2% | 1,725,048€ | +44.5% | 25,021€ | 1.5% | 32 | 1,476€ |
| 16 | Olive Invest02965887 · Hospitality | 0.2% | 1,638,014€ | -8.1% | -1,079,353€ | -65.9% | 50 | 1,482€ |
| 17 | Pippo's Yacht Supplies02776081 · Hospitality | 0.2% | 1,568,712€ | -12.1% | 83,012€ | 5.3% | 32 | 1,353€ |
| 18 | Mamula Hotel Operating Company03396592 · Hospitality | 0.2% | 1,517,004€ | -37.3% | -705,027€ | -46.5% | 10 | 3,338€ |
| 19 | LB Leisure Management03347958 · Hospitality | 0.2% | 1,465,352€ | +24.1% | -1,690,199€ | -115.3% | 20 | 6,750€ |
| 20 | Los Gueros03400107 · Hospitality | 0.2% | 1,385,974€ | +27.4% | 46,126€ | 3.3% | 16 | 1,547€ |
| 21 | Manor Hotels03381145 · Hospitality | 0.2% | 1,272,396€ | +6.9% | 52,128€ | 4.1% | 24 | 1,340€ |
| 22 | Zen Management03233049 · Hospitality | 0.2% | 1,234,619€ | +85.3% | 142,283€ | 11.5% | 14 | 1,690€ |
| 23 | September Hotels02856484 · Hospitality | 0.2% | 1,173,467€ | +29.5% | 50,032€ | 4.3% | 33 | 966€ |
| 24 | Grano03595919 · Hospitality | 0.1% | 873,437€ | +9.4% | -194,994€ | -22.3% | 23 | 1,705€ |
| 25 | Productivv03234932 · Hospitality | 0.1% | 823,378€ | -39.6% | 251,633€ | 30.6% | 10 | 1,076€ |
| 26 | Babi Company03297772 · Hospitality | 0.1% | 774,630€ | -33.9% | 1,812€ | 0.2% | 26 | 1,154€ |
| 27 | Divino Group03386503 · Hospitality | <0.1% | 710,880€ | -7.6% | 3,584€ | 0.5% | 14 | 1,742€ |
| 28 | Merlin Ponta03295974 · Hospitality | <0.1% | 708,436€ | +26.7% | 51,094€ | 7.2% | 10 | 1,177€ |
| 29 | Tormenta02972727 · Hospitality | <0.1% | 696,051€ | -21.9% | 11,337€ | 1.6% | 11 | 1,589€ |
| 30 | Corleone02855755 · Hospitality | <0.1% | 662,617€ | +0.6% | 224,881€ | 33.9% | 7 | 854€ |
| 31 | Sofi Cafe03553078 · Hospitality | <0.1% | 644,805€ | +83.6% | 130,375€ | 20.2% | 14 | 912€ |
| 32 | Mala Barka02900475 · Hospitality | <0.1% | 632,860€ | -3.4% | 2,564€ | 0.4% | 14 | 1,527€ |
| 33 | Montenegro Hospitality Group03066614 · Hospitality | <0.1% | 606,856€ | -15.5% | -281,732€ | -46.4% | 18 | 1,678€ |
| 34 | Kaluđerović Company02241366 · Hospitality | <0.1% | 605,669€ | +2.4% | -18,334€ | -3.0% | 8 | 1,402€ |
| 35 | Daj Group02983630 · Hospitality | <0.1% | 593,269€ | -6.8% | 9,482€ | 1.6% | 12 | 1,001€ |
| 36 | European International Restaurants and Catering03340929 · Hospitality | <0.1% | 592,938€ | +10.2% | -226,493€ | -38.2% | 12 | 1,021€ |
| 37 | Uvm Company03411338 · Hospitality | <0.1% | 592,014€ | +35.5% | 48,294€ | 8.2% | 15 | 1,138€ |
| 38 | LB Leisure Facilities Management03626121 · Hospitality | <0.1% | 563,629€ | +384.2% | -258,039€ | -45.8% | 20 | 2,168€ |
| 39 | Agape Group03699072 · Hospitality | <0.1% | 521,694€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -81,453€ | -15.6% | 1 | 13,884€ |
| 40 | Jamie's Italian Mne03704335 · Hospitality | <0.1% | 511,638€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -257,635€ | -50.4% | 13 | 2,411€ |
| 41 | Take Off03310248 · Hospitality | <0.1% | 478,602€ | +129.3% | -17,026€ | -3.6% | 9 | 1,864€ |
| 42 | Teodo02740648 · Hospitality | <0.1% | 477,538€ | +24.6% | 4,387€ | 0.9% | 16 | 684€ |
| 43 | Antares02332477 · Hospitality | <0.1% | 471,052€ | -0.1% | 427€ | 0.1% | 13 | 1,082€ |
| 44 | Mind Company03163571 · Hospitality | <0.1% | 465,660€ | +879.7% | 309,529€ | 66.5% | 10 | 644€ |
| 45 | Food District03552322 · Hospitality | <0.1% | 460,003€ | +29.3% | -51,350€ | -11.2% | 8 | 1,172€ |
| 46 | Vapiano03066622 · Hospitality | <0.1% | 459,924€ | +12.1% | 40,164€ | 8.7% | 9 | 657€ |
| 47 | In Style02415062 · Hospitality | <0.1% | 437,364€ | -2.8% | -29,726€ | -6.8% | 10 | 1,065€ |
| 48 | SDS Company02857987 · Hospitality | <0.1% | 399,800€ | +17.1% | 13,900€ | 3.5% | 7 | 1,515€ |
| 49 | Francesković02073510 · Hospitality | <0.1% | 383,283€ | +1.7% | -4,452€ | -1.2% | 9 | 726€ |
| 50 | Marinero Trade02665492 · Hospitality | <0.1% | 379,486€ | -7.6% | -23,814€ | -6.3% | 14 | 810€ |