Revenue
1.6% of Montenegro's revenue
934 companies earned 282.81m€ in 2025, 1.6% of all company revenue in Montenegro. It ranks 10 of 25 municipalities by revenue. Revenue has grown 3.6× since 2015.
1.6% of Montenegro's revenue
45.5 per 1,000 residents · Montenegro 57.3
Largest employer: Cungu & Co (289)
Total profit: 15.13m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 77,677,533€ | 450 |
| 2016 | 85,949,229€ | 476 |
| 2017 | 97,126,182€ | 514 |
| 2018 | 109,246,063€ | 563 |
| 2019 | 122,083,408€ | 631 |
| 2020 | 85,616,803€ | 684 |
| 2021 | 118,582,868€ | 739 |
| 2022 | 188,717,053€ | 809 |
| 2023 | 229,349,373€ | 868 |
| 2024 | 256,859,958€ | 924 |
| 2025 (Preliminary) | 282,808,103€ | 934 |
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 200
* 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 | Argos02693259 · Hospitality | 1.7% | 4,723,667€ | +7.5% | 80,994€ | 1.7% | 133 | 813€ |
| 2 | Ulcinjska Rivijera02006146 · Hospitality | 1.0% | 2,868,804€ | +27.0% | 441,223€ | 15.4% | 76 | 1,249€ |
| 3 | Amelino02396475 · Hospitality | 0.8% | 2,130,362€ | -8.3% | 128,458€ | 6.0% | 15 | 874€ |
| 4 | Amfitrita02174294 · Hospitality | 0.6% | 1,725,805€ | -6.8% | 373,642€ | 21.7% | 43 | 582€ |
| 5 | Pio02456010 · Hospitality | 0.5% | 1,345,390€ | +2.3% | 7,132€ | 0.5% | 51 | 1,018€ |
| 6 | Becovic Menagement Group02440059 · Hospitality | 0.5% | 1,315,812€ | -4.4% | -677,894€ | -51.5% | 27 | 1,933€ |
| 7 | Cabo03086208 · Hospitality | 0.4% | 1,213,974€ | +2.9% | 37,160€ | 3.1% | 10 | 1,091€ |
| 8 | Lemiko-Impex02235374 · Hospitality | 0.4% | 1,175,833€ | +1.4% | 72,963€ | 6.2% | 29 | 1,137€ |
| 9 | Hills Beach03260011 · Hospitality | 0.4% | 1,077,836€ | -5.2% | 388,436€ | 36.0% | 9 | 505€ |
| 10 | Kupo&Toko03303985 · Hospitality | 0.4% | 1,036,698€ | -21.2% | 102,684€ | 9.9% | 9 | 1,182€ |
| 11 | Mela & Rona03092160 · Hospitality | 0.4% | 1,012,216€ | +48.1% | 318,096€ | 31.4% | 11 | 1,050€ |
| 12 | Zene & Co03394964 · Hospitality | 0.3% | 988,103€ | +6.4% | 166,068€ | 16.8% | 14 | 886€ |
| 13 | Dely Tours02772272 · Hospitality | 0.3% | 883,007€ | +0.6% | -144,238€ | -16.3% | 9 | 915€ |
| 14 | Galeb Lux03020355 · Hospitality | 0.3% | 734,855€ | -3.5% | 23,792€ | 3.2% | 16 | 1,037€ |
| 15 | Monoment03076563 · Hospitality | 0.3% | 727,850€ | +13.0% | 22,858€ | 3.1% | 10 | 594€ |
| 16 | Best Trio02864231 · Hospitality | 0.3% | 708,591€ | -7.0% | 3,949€ | 0.6% | 12 | 873€ |
| 17 | Giovanni Trade02086395 · Hospitality | 0.3% | 708,023€ | +2.3% | 4,083€ | 0.6% | 9 | 665€ |
| 18 | Buongiorno Caffe03623602 · Hospitality | 0.3% | 707,026€ | +17.2% | 33,034€ | 4.7% | 22 | 1,121€ |
| 19 | MCM Rental Service02665743 · Hospitality | 0.2% | 688,219€ | -0.6% | 44,028€ | 6.4% | 10 | 581€ |
| 20 | Coral Beach03176584 · Hospitality | 0.2% | 646,897€ | -2.6% | -59,805€ | -9.2% | 12 | 1,151€ |
| 21 | A L B A T R o S02006154 · Hospitality | 0.2% | 586,242€ | -25.6% | -202,494€ | -34.5% | 36 | 978€ |
| 22 | Well Corporation03549348 · Hospitality | 0.2% | 476,035€ | +256.2% | 1,250€ | 0.3% | 8 | 337€ |
| 23 | Miami02468280 · Hospitality | 0.2% | 465,957€ | +10.5% | 59,882€ | 12.9% | 2 | 2,118€ |
| 24 | Copacabana Montenegro02984695 · Hospitality | 0.2% | 459,172€ | -12.6% | 5,424€ | 1.2% | 6 | 991€ |
| 25 | Bannox03628965 · Hospitality | 0.2% | 448,794€ | +332.8% | 92,894€ | 20.7% | 12 | 865€ |
| 26 | Rivista03702227 · Hospitality | 0.2% | 432,455€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 47,696€ | 11.0% | 12 | 712€ |
| 27 | Maris03167976 · Hospitality | 0.2% | 424,525€ | -15.3% | 101,770€ | 24.0% | 3 | 720€ |
| 28 | Liburna03230104 · Hospitality | 0.1% | 415,236€ | +15.3% | 10,873€ | 2.6% | 12 | 649€ |
| 29 | Real Estate & Co02049490 · Hospitality | 0.1% | 394,598€ | -24.7% | 39,478€ | 10.0% | 7 | 1,143€ |
| 30 | Hasanaga Company02814757 · Hospitality | 0.1% | 382,920€ | +7.1% | 11,307€ | 3.0% | 12 | 653€ |
| 31 | Buena03406407 · Hospitality | 0.1% | 381,187€ | +11.2% | 3,069€ | 0.8% | 5 | 1,000€ |
| 32 | Velika Plaža02018357 · Hospitality | 0.1% | 375,271€ | -4.9% | 8,097€ | 2.2% | 6 | 1,564€ |
| 33 | Hoteli Hoti03130576 · Hospitality | 0.1% | 373,131€ | +56.6% | 61,225€ | 16.4% | 9 | 474€ |
| 34 | Company L.I.J. Bushati02929651 · Hospitality | 0.1% | 372,231€ | +7.9% | 23,463€ | 6.3% | 3 | 838€ |
| 35 | Toni Gril02428237 · Hospitality | 0.1% | 371,807€ | +4.8% | 17,689€ | 4.8% | 9 | 785€ |
| 36 | Cruiser& Partners03644375 · Hospitality | 0.1% | 367,071€ | +1.7% | 10,707€ | 2.9% | 7 | 506€ |
| 37 | Busani02685256 · Hospitality | 0.1% | 340,147€ | -22.7% | 82,928€ | 24.4% | 6 | 685€ |
| 38 | Adriatica Brothers02410419 · Hospitality | 0.1% | 323,530€ | -34.5% | 49,314€ | 15.2% | 3 | 1,911€ |
| 39 | Met303512797 · Hospitality | 0.1% | 315,470€ | +15.0% | 24,714€ | 7.8% | 11 | 831€ |
| 40 | Morea A&M03071006 · Hospitality | 0.1% | 300,505€ | +4.0% | 112,055€ | 37.3% | 2 | 309€ |
| 41 | As Saranda02896214 · Hospitality | 0.1% | 289,738€ | +4.2% | 39,219€ | 13.5% | 8 | 577€ |
| 42 | Goga Steak03606066 · Hospitality | 0.1% | 288,393€ | +30.4% | 57,497€ | 19.9% | 6 | 691€ |
| 43 | Misherri03245764 · Hospitality | 0.1% | 283,947€ | +1.1% | -20,539€ | -7.2% | 7 | 845€ |
| 44 | Leod03261514 · Hospitality | <0.1% | 281,525€ | +6.9% | 75,750€ | 26.9% | 30 | — |
| 45 | Rejna03091732 · Hospitality | <0.1% | 278,131€ | +10.1% | 2,477€ | 0.9% | 8 | 844€ |
| 46 | Harmonia&Co03083446 · Hospitality | <0.1% | 267,967€ | +16.9% | 4,622€ | 1.7% | 3 | 1,213€ |
| 47 | Lo - Az03235866 · Hospitality | <0.1% | 267,108€ | +108,040.9% | 31,546€ | 11.8% | 4 | 1,005€ |
| 48 | Tafi02429632 · Hospitality | <0.1% | 266,848€ | +12.2% | 33,609€ | 12.6% | 5 | 631€ |
| 49 | Castellotrio03765873 · Hospitality | <0.1% | 262,264€ | No filing for 2024. | 59,228€ | 22.6% | 0 | — |
| 50 | Papillon02779854 · Hospitality | <0.1% | 261,218€ | +31.5% | -3,666€ | -1.4% | 8 | 743€ |