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 1–50 of 63
* 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 | Lukana02359553 · Transport & logistics | 3.1% | 8,466,536€ | -9.8% | 698,559€ | 8.3% | 85 | 1,679€ |
| 2 | Koprivica02239442 · Transport & logistics | 1.6% | 4,539,248€ | +74.1% | 743,719€ | 16.4% | 28 | 778€ |
| 3 | Pet Pan02309530 · Transport & logistics | 1.1% | 3,091,770€ | +70.7% | 54,888€ | 1.8% | 2 | 706€ |
| 4 | Kingscliffe Distribution Montenegro02303337 · Transport & logistics | 1.1% | 3,063,507€ | -6.8% | 228,369€ | 7.5% | 30 | 1,335€ |
| 5 | Vag Komerc02070294 · Transport & logistics | 1.0% | 2,683,689€ | +9.2% | 153,576€ | 5.7% | 23 | 708€ |
| 6 | Medex02235790 · Transport & logistics | 0.8% | 2,289,451€ | +10.6% | 177,218€ | 7.7% | 14 | 1,957€ |
| 7 | Bobus02373084 · Transport & logistics | 0.8% | 2,275,337€ | +6.6% | 87,694€ | 3.9% | 26 | 1,173€ |
| 8 | Top Logistics02865394 · Transport & logistics | 0.6% | 1,749,002€ | +6.6% | 188,389€ | 10.8% | 11 | 1,185€ |
| 9 | BTC Zeta03486125 · Transport & logistics | 0.5% | 1,430,846€ | +62.5% | 211,641€ | 14.8% | 15 | 2,857€ |
| 10 | Red Montenegro02665891 · Transport & logistics | 0.4% | 973,903€ | -9.8% | 14,644€ | 1.5% | 8 | 1,507€ |
| 11 | Zeta Car02894734 · Transport & logistics | 0.3% | 784,576€ | +16.8% | 3,976€ | 0.5% | 20 | 903€ |
| 12 | MM-Comerce02904799 · Transport & logistics | 0.3% | 780,641€ | +7.2% | 44,430€ | 5.7% | 5 | 2,301€ |
| 13 | Finfruit02645238 · Transport & logistics | 0.2% | 611,320€ | +2.4% | 35,021€ | 5.7% | 5 | 1,494€ |
| 14 | TX - Zeta03572285 · Transport & logistics | 0.2% | 499,816€ | +176.8% | 65,064€ | 13.0% | 19 | 717€ |
| 15 | Pop Transport03283712 · Transport & logistics | 0.2% | 483,074€ | +51.3% | 72,897€ | 15.1% | 5 | 2,721€ |
| 16 | Deus P02771004 · Transport & logistics | 0.2% | 462,475€ | -33.9% | 27,264€ | 5.9% | 6 | 1,498€ |
| 17 | MB Transport Mne03592570 · Transport & logistics | 0.1% | 402,999€ | +50.4% | 1,208€ | 0.3% | 3 | 3,907€ |
| 18 | Vikars03619923 · Transport & logistics | 0.1% | 357,857€ | +14.2% | 33,501€ | 9.4% | 4 | 1,603€ |
| 19 | Oil Logistic MN03319946 · Transport & logistics | 0.1% | 311,853€ | -87.9% | -6,069€ | -1.9% | 1 | — |
| 20 | MNT Logistics03614913 · Transport & logistics | 0.1% | 293,477€ | +139.8% | 16,968€ | 5.8% | 1 | 1,526€ |
| 21 | Verbum03349250 · Transport & logistics | <0.1% | 247,515€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 61,661€ | 24.9% | 2 | 897€ |
| 22 | Vuk BG03581390 · Transport & logistics | <0.1% | 239,365€ | +281.0% | 3,308€ | 1.4% | 11 | 858€ |
| 23 | Vuletić Trans03323307 · Transport & logistics | <0.1% | 231,371€ | +9.2% | -17,016€ | -7.4% | 5 | 1,377€ |
| 24 | Asm Transport03116964 · Transport & logistics | <0.1% | 225,559€ | +7.7% | 27,443€ | 12.2% | 3 | 2,582€ |
| 25 | Nal Logistic03417581 · Transport & logistics | <0.1% | 198,651€ | -16.8% | -20,813€ | -10.5% | 5 | 1,405€ |
| 26 | Ćetković Kop02742004 · Transport & logistics | <0.1% | 182,714€ | +82.5% | 53,125€ | 29.1% | 2 | 1,502€ |
| 27 | Jakor03162800 · Transport & logistics | <0.1% | 171,433€ | +101.2% | 13,793€ | 8.0% | 2 | 2,413€ |
| 28 | Drumski Vuk03320987 · Transport & logistics | <0.1% | 146,205€ | +26.7% | 23,230€ | 15.9% | 5 | 1,187€ |
| 29 | Avio Trans03242145 · Transport & logistics | <0.1% | 123,173€ | +47.4% | 33,287€ | 27.0% | 1 | 1,082€ |
| 30 | Sistem Transport03236447 · Transport & logistics | <0.1% | 101,271€ | +27.4% | 29,145€ | 28.8% | 1 | 2,279€ |
| 31 | PS Trans03473538 · Transport & logistics | <0.1% | 92,052€ | +42.6% | 12,050€ | 13.1% | 2 | 905€ |
| 32 | Winner Lux03593827 · Transport & logistics | <0.1% | 89,995€ | +242.2% | 32,935€ | 36.6% | 2 | 1,185€ |
| 33 | RS3 Trans03754324 · Transport & logistics | <0.1% | 86,963€ | No filing for 2024. | 5,767€ | 6.6% | 2 | 1,226€ |
| 34 | Majs-N02930650 · Transport & logistics | <0.1% | 82,794€ | -1.6% | 13,113€ | 15.8% | 2 | 1,222€ |
| 35 | Tiodorović02656914 · Transport & logistics | <0.1% | 73,127€ | +3.2% | 8,108€ | 11.1% | 1 | 2,377€ |
| 36 | Sal Trans03412709 · Transport & logistics | <0.1% | 65,747€ | -20.2% | 957€ | 1.5% | 2 | 1,133€ |
| 37 | Raičević Transport03127559 · Transport & logistics | <0.1% | 64,921€ | +27.2% | -21,409€ | -33.0% | 1 | 2,047€ |
| 38 | Elite Ride Mugoša03712915 · Transport & logistics | <0.1% | 59,808€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,660€ | -39.6% | 2 | 619€ |
| 39 | Škatarić03532577 · Transport & logistics | <0.1% | 58,252€ | -7.6% | 1,853€ | 3.2% | 2 | 874€ |
| 40 | PG Transport02992787 · Transport & logistics | <0.1% | 57,137€ | -13.6% | 5,748€ | 10.1% | 1 | 1,524€ |
| 41 | Austrian Airlines Ag02667258 · Transport & logistics | <0.1% | 56,526€ | -31.5% | -39,927€ | -70.6% | 2 | — |
| 42 | Per Trans03713121 · Transport & logistics | <0.1% | 51,913€ | +5,091.3% | 9,090€ | 17.5% | 1 | 702€ |
| 43 | Ulicom02225875 · Transport & logistics | <0.1% | 45,190€ | +182.8% | 3,226€ | 7.1% | 2 | 729€ |
| 44 | Klikovac Trans03384667 · Transport & logistics | <0.1% | 40,176€ | -16.6% | 426€ | 1.1% | 1 | 952€ |
| 45 | SD Company03624218 · Transport & logistics | <0.1% | 36,764€ | +45.2% | 568€ | 1.5% | 4 | 693€ |
| 46 | TDS Drive03775780 · Transport & logistics | <0.1% | 34,111€ | No filing for 2024. | -2,071€ | -6.1% | 1 | 538€ |
| 47 | Drakić.V03224783 · Transport & logistics | <0.1% | 31,448€ | -0.7% | 5,341€ | 17.0% | 1 | 591€ |
| 48 | Gem-Frigotransport03630528 · Transport & logistics | <0.1% | 31,238€ | +320.4% | 7,537€ | 24.1% | 1 | 1,477€ |
| 49 | RS Kran03703720 · Transport & logistics | <0.1% | 21,730€ | +1,277.9% | -603€ | -2.8% | 1 | 680€ |
| 50 | M&R Cars03726975 · Transport & logistics | <0.1% | 21,608€ | No filing for 2024. | 1,015€ | 4.7% | 1 | 1,249€ |