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 101–150 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* |
|---|
| 101 | Turistička Agencija Pejić Tours03082113 · Hospitality | <0.1% | 56,000€ | 0.0% | -28,033€ | -50.1% | 1 | 600€ |
| 102 | Friends Caffe03314367 · Hospitality | <0.1% | 55,833€ | +32.6% | -1,161€ | -2.1% | 4 | 481€ |
| 103 | Hotel Lejla03414949 · Hospitality | <0.1% | 53,631€ | -28.7% | -60,380€ | -112.6% | 3 | 524€ |
| 104 | S&H Company03749029 · Hospitality | <0.1% | 51,355€ | No filing for 2024. | -7,077€ | -13.8% | 1 | 483€ |
| 105 | Primafila03297209 · Hospitality | <0.1% | 51,291€ | +5,029.1% | 37,267€ | 72.7% | 1 | — |
| 106 | Rigo03289494 · Hospitality | <0.1% | 50,837€ | +18.4% | -23,348€ | -45.9% | 3 | 580€ |
| 107 | Panorama Tour02391724 · Hospitality | <0.1% | 50,619€ | -46.1% | 6,454€ | 12.8% | 2 | 674€ |
| 108 | DD&L03392635 · Hospitality | <0.1% | 48,667€ | +12.3% | -48,163€ | -99.0% | 3 | 730€ |
| 109 | Adriaperlen03362965 · Hospitality | <0.1% | 46,088€ | -54.7% | 6,350€ | 13.8% | 1 | — |
| 110 | Marseni. Co02907330 · Hospitality | <0.1% | 43,784€ | +50.4% | -35,361€ | -80.8% | 4 | 664€ |
| 111 | Euro Pizza02938332 · Hospitality | <0.1% | 42,296€ | -10.2% | -21,590€ | -51.0% | 3 | 635€ |
| 112 | Kalina Mont03353389 · Hospitality | <0.1% | 40,554€ | +11.9% | -27,795€ | -68.5% | 2 | 749€ |
| 113 | Zan02710773 · Hospitality | <0.1% | 39,869€ | -47.1% | -22,802€ | -57.2% | 1 | 1,203€ |
| 114 | Mala Plaža02718367 · Hospitality | <0.1% | 37,908€ | -6.1% | 4,530€ | 11.9% | 2 | 426€ |
| 115 | Atelier Group03430529 · Hospitality | <0.1% | 36,105€ | +11.8% | 12,266€ | 34.0% | 1 | 1,020€ |
| 116 | K&J Company03755282 · Hospitality | <0.1% | 35,867€ | No filing for 2024. | -735€ | -2.0% | 6 | 349€ |
| 117 | Sommer03631656 · Hospitality | <0.1% | 34,167€ | -3.2% | -14,501€ | -42.4% | 1 | 858€ |
| 118 | I & S Tim Bilding03525198 · Hospitality | <0.1% | 33,910€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,125€ | 9.2% | 5 | 342€ |
| 119 | Kiteriders03358062 · Hospitality | <0.1% | 33,291€ | -30.7% | -16,855€ | -50.6% | 2 | 339€ |
| 120 | Salina03082270 · Hospitality | <0.1% | 32,677€ | +14.4% | -1,682€ | -5.1% | 1 | 1,829€ |
| 121 | Zani03122476 · Hospitality | <0.1% | 32,579€ | -18.2% | -530€ | -1.6% | 2 | 629€ |
| 122 | Apartmani Berlin03350541 · Hospitality | <0.1% | 30,757€ | +401.3% | -6,790€ | -22.1% | 1 | 708€ |
| 123 | Allaj Company03000001 · Hospitality | <0.1% | 29,936€ | -4.0% | -5,884€ | -19.7% | 3 | 490€ |
| 124 | Morea 199003259404 · Hospitality | <0.1% | 28,919€ | +0.2% | -8,777€ | -30.4% | 2 | 721€ |
| 125 | Benita03222098 · Hospitality | <0.1% | 27,773€ | -12.4% | 3,502€ | 12.6% | 2 | 947€ |
| 126 | Immo Adrija03411753 · Hospitality | <0.1% | 26,550€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,706€ | -14.0% | 1 | 1,385€ |
| 127 | Niko's Family03606333 · Hospitality | <0.1% | 25,023€ | +45.8% | 1,504€ | 6.0% | 1 | 678€ |
| 128 | Sabrushi Trade02869217 · Hospitality | <0.1% | 22,537€ | -4.9% | -13,158€ | -58.4% | 1 | 899€ |
| 129 | A D L E R 80803758397 · Hospitality | <0.1% | 22,479€ | No filing for 2024. | -9,636€ | -42.9% | 4 | — |
| 130 | Saranda Camp03123944 · Hospitality | <0.1% | 20,419€ | +13.4% | -5,426€ | -26.6% | 2 | 532€ |
| 131 | Tropicana Beach & Co03048080 · Hospitality | <0.1% | 18,979€ | -87.4% | -28,852€ | -152.0% | 1 | 678€ |
| 132 | Hotel Gothia03320928 · Hospitality | <0.1% | 18,650€ | -41.8% | -9,687€ | -51.9% | 3 | 406€ |
| 133 | Oliver's & Co03158179 · Hospitality | <0.1% | 18,232€ | -23.5% | -45,136€ | -247.6% | 3 | 519€ |
| 134 | Maraj Resort03658023 · Hospitality | <0.1% | 17,277€ | -2.1% | -15,054€ | -87.1% | 3 | 462€ |
| 135 | Lida Restaurant03608751 · Hospitality | <0.1% | 14,660€ | +217.0% | 483€ | 3.3% | 1 | 675€ |
| 136 | Tomma03647145 · Hospitality | <0.1% | 13,347€ | +48.9% | 1,837€ | 13.8% | 1 | 675€ |
| 137 | Sunset Apartments03612155 · Hospitality | <0.1% | 11,947€ | +9.6% | -2,943€ | -24.6% | 1 | 1,221€ |
| 138 | Tufaj Company03347915 · Hospitality | <0.1% | 10,299€ | -3.2% | -6,819€ | -66.2% | 1 | 676€ |
| 139 | Blue Light&Co03139166 · Hospitality | <0.1% | 9,779€ | +11.2% | -275€ | -2.8% | 2 | 352€ |
| 140 | The Garden M03672034 · Hospitality | <0.1% | 9,462€ | +91.7% | -8,862€ | -93.7% | 1 | 741€ |
| 141 | Roma 103068587 · Hospitality | <0.1% | 8,072€ | -40.8% | -4,111€ | -50.9% | 1 | 751€ |
| 142 | Alek Lux03771458 · Hospitality | <0.1% | 7,438€ | No filing for 2024. | 171€ | 2.3% | 1 | — |
| 143 | Eneida Group Corporation03428117 · Hospitality | <0.1% | 6,265€ | +1,051.7% | -37,674€ | -601.3% | 2 | 1,216€ |
| 144 | Fiore Di Mare03076121 · Hospitality | <0.1% | 4,600€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -270€ | -5.9% | 1 | — |
| 145 | The Royal Beach02982803 · Hospitality | <0.1% | 2,965€ | -98.8% | -62,858€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 451€ |
| 146 | Arbana03252132 · Hospitality | <0.1% | 1,465€ | -60.8% | -11,562€ | -789.2% | 1 | 1,011€ |
| 147 | Imperial Beach Av02982617 · Hospitality | <0.1% | 1,240€ | -99.4% | 339€ | 27.3% | 1 | — |
| 148 | Riad Restaurant03297926 · Hospitality | <0.1% | 1,128€ | -81.3% | -4,931€ | -437.1% | 1 | 340€ |
| 149 | Ponte Di Ulcini03023010 · Hospitality | <0.1% | 497€ | +6.9% | -7,641€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 675€ |
| 150 | Nani Lux03420655 · Hospitality | <0.1% | 165€ | -99.9% | -19,113€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 4 | 384€ |