Revenue
195.35m€3.1× since 2015
1.1% of Montenegro's revenue
Tuzi
323 companies earned 195.35m€ in 2025, 1.1% of all company revenue in Montenegro. It ranks 14 of 25 municipalities by revenue. Revenue has grown 3.1× since 2015.
Municipality · 2025
Year
Overview
Companies
323+219 since 2015
24.9 per 1,000 residents · Montenegro 57.3
Employees
1,9812.7× since 2015
Largest employer: Donator (339)
Profit margin
6.3%0.2 pts above average
Total profit: 12.27m€
This municipality 6.3%Montenegro: 6.1%
Payroll cost/emp./mo*
1,006€19% below average
Average per employee, not per company
This municipality 1,006€Montenegro: 1,242€
Revenue and companies since 2015
FinalPreliminary
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 62,433,657€ | 104 |
| 2016 | 71,672,567€ | 113 |
| 2017 | 81,419,211€ | 123 |
| 2018 | 89,768,113€ | 144 |
| 2019 | 90,274,168€ | 157 |
| 2020 | 82,213,301€ | 179 |
| 2021 | 92,756,736€ | 212 |
| 2022 | 120,944,039€ | 233 |
| 2023 | 137,297,598€ | 264 |
| 2024 | 156,695,982€ | 300 |
| 2025 (Preliminary) | 195,348,694€ | 323 |
† Tuzi became a municipality in 2018; earlier years show companies seated there today
Companies are assigned to the municipality of their current seat for every year
What changed in 2025
Growth is measured on the same companies, which filed for both years.
- Revenue, same companies (270)
- 153.89m€ → 194.31m€
- Employees, same companies
- 1,746 → 1,916
- Payroll cost per employee, same companies
- 875€ → 1,016€
- Filed for 2025, not for 2024
- 53 companies · 1.03m€
- Filed for 2024, not for 2025
- 30 companies, 2.80m€ in 2024
Sectors and who is growing
Revenue by sector
Share of municipal revenue
Share in Montenegro- Trade 153.44m€Montenegro: 43.8%78.5%
- Construction 17.20m€Montenegro: 11.9%8.8%
- Manufacturing 7.61m€Montenegro: 8.2%3.9%
- Transport & logistics 3.58m€Montenegro: 5.4%1.8%
- Hospitality 3.16m€Montenegro: 7.2%1.6%
- Professional services 3.11m€Montenegro: 4.3%1.6%
- Energy, water & waste 2.11m€Montenegro: 5.4%1.1%
- Other sectors (9) 5.15m€2.6%
Fastest growing
Revenue change vs 2024, companies with at least 1m€ that year
- Koja Company2.20m€ → 2.88m€+31.0%
- Gruppo Tessile1.95m€ → 2.36m€+21.0%
- Top Dom-Kovači2.57m€ → 3.11m€+20.7%
- Dado - M2.08m€ → 2.45m€+17.9%
- Digital Edge Me1.61m€ → 1.88m€+17.0%
Largest employers
Employees and payroll cost per employee per month*
- 3391,039€
- 1391,100€
- 70902€
- 651,218€
- 631,127€
Development signals and urban projects
- Date not publishedPREDLOG IZMJENA I DOPUNA PROGRAMA PRIVREMENIH OBJEKATA ZA TERITORIJU OPSTINE TUZI 1Amended / supplemented
All companies (323)
Ranked by total revenue · Showing 1–4 of 4
- 1Komunalno/Komunale03283135 · Energy, water & wasteRevenue share0.6%
- Revenue
- 1,102,043€
- Revenue change 2024→2025
- -4.3%
- Profit
- 6,918€
- Margin
- 0.6%
- Employees
- 63
- Payroll cost/emp./mo*
- 1,127€
- 2Vodovod i Kanalizacija Tuzi03399702 · Energy, water & wasteRevenue share0.5%
- Revenue
- 1,004,416€
- Revenue change 2024→2025
- +40.0%
- Profit
- 110,992€
- Margin
- 11.1%
- Employees
- 48
- Payroll cost/emp./mo*
- 1,019€
- 3Phyllon03543676 · Energy, water & wasteRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -22,553€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 1,080€
- 4String03668703 · Energy, water & wasteRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -14,322€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 336€
* 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 →
Companies in Tuzi ranked by revenue 2025 →
Source: Tax Administration / CRPSCurrency: EUR