Revenue
1.6% of Montenegro's revenue
260 companies earned 275.20m€ in 2025, 1.6% of all company revenue in Montenegro. It ranks 11 of 25 municipalities by revenue. Revenue has grown 2.8× since 2015.
1.6% of Montenegro's revenue
16.2 per 1,000 residents · Montenegro 57.3
Largest employer: Hifa Oil CG (105)
Total profit: 14.42m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 98,706,534€ | 76 |
| 2016 | 111,696,923€ | 82 |
| 2017 | 119,495,670€ | 87 |
| 2018 | 126,642,248€ | 98 |
| 2019 | 131,043,958€ | 109 |
| 2020 | 97,613,114€ | 119 |
| 2021 | 122,653,984€ | 134 |
| 2022 | 138,363,297€ | 149 |
| 2023 | 204,532,621€ | 190 |
| 2024 | 245,104,393€ | 229 |
| 2025 (Preliminary) | 275,203,025€ | 260 |
The number of companies jumped most in 2023: from 149 to 190.
† Zeta became a municipality in 2022; earlier years show companies seated there today
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 1–18 of 18
* 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 | Gora Stil02358239 · Manufacturing | 0.9% | 2,493,570€ | +19.0% | 146,977€ | 5.9% | 34 | 970€ |
| 2 | Zeta Mont02420791 · Manufacturing | 0.4% | 1,029,190€ | +40.3% | 22,058€ | 2.1% | 10 | 1,129€ |
| 3 | Vukom Montenegro02784556 · Manufacturing | 0.2% | 590,179€ | +48.1% | 37,565€ | 6.4% | 6 | 805€ |
| 4 | Rad Alplast02763206 · Manufacturing | 0.2% | 436,699€ | +10.8% | 8,712€ | 2.0% | 4 | 678€ |
| 5 | Monte Grande Winery03196178 · Manufacturing | 0.1% | 293,340€ | +10.8% | 74,898€ | 25.5% | 4 | 1,207€ |
| 6 | Amz Montenegro02716224 · Manufacturing | 0.1% | 276,316€ | +2.7% | 2,443€ | 0.9% | 3 | 680€ |
| 7 | B&R Company03654346 · Manufacturing | <0.1% | 73,671€ | +145.0% | 5,573€ | 7.6% | 1 | 715€ |
| 8 | A&D Capital03713644 · Manufacturing | <0.1% | 42,823€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,102€ | 4.9% | 2 | 678€ |
| 9 | VRM Montecarne02755823 · Manufacturing | <0.1% | 41,678€ | -93.1% | -80,315€ | -192.7% | 2 | 1,730€ |
| 10 | Fabienne03640957 · Manufacturing | <0.1% | 38,118€ | +7,554.2% | 4,125€ | 10.8% | 1 | 1,421€ |
| 11 | Nova Pekara03752674 · Manufacturing | <0.1% | 33,777€ | No filing for 2024. | -93€ | -0.3% | 1 | 898€ |
| 12 | Mi-Pe Company03631842 · Manufacturing | <0.1% | 27,884€ | +75.2% | 5,871€ | 21.1% | 2 | 678€ |
| 13 | Zlatni Ukusi03648443 · Manufacturing | <0.1% | 11,730€ | +280.2% | -617€ | -5.3% | 1 | 450€ |
| 14 | E&T Home03652114 · Manufacturing | <0.1% | 8,630€ | +222.6% | 668€ | 7.7% | 1 | — |
| 15 | Servis Sjekloća03583228 · Manufacturing | <0.1% | 6,933€ | +34.8% | 1,023€ | 14.8% | 1 | — |
| 16 | Vezuna03615332 · Manufacturing | <0.1% | 5,950€ | +126.1% | -135€ | -2.3% | 1 | 339€ |
| 17 | Terra Vinea03782328 · Manufacturing | 0.0% | 0€ | No filing for 2024. | -3,052€ | — | 0 | — |
| 18 | Mićoni Čelik03216063 · Manufacturing | 0.0% | 0€ | -100.0% | -14,059€ | — | 1 | 1,095€ |