Revenue
7.3% of Montenegro's revenue
3,730 companies earned 1.28b€ in 2025, 7.3% of all company revenue in Montenegro. It ranks 4 of 18 sectors by revenue. Revenue has grown 4.4× since 2015.
7.3% of Montenegro's revenue
1,317 with at most one employee
Largest employer: Budvanska Rivijera (600)
Total profit: 40.50m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 293,412,112€ | 1,514 |
| 2016 | 326,915,110€ | 1,760 |
| 2017 | 408,696,660€ | 1,996 |
| 2018 | 478,761,075€ | 2,271 |
| 2019 | 555,265,409€ | 2,491 |
| 2020 | 259,902,954€ | 2,701 |
| 2021 | 541,241,109€ | 2,889 |
| 2022 | 805,288,344€ | 3,220 |
| 2023 | 1,029,042,003€ | 3,598 |
| 2024 | 1,186,045,662€ | 3,784 |
| 2025 (Preliminary) | 1,281,069,991€ | 3,730 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1501–1550 of 3,730
* 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 →
Totals include 354 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1501 | Spes-DMP03393364 · Pljevlja | <0.1% | 92,869€ | +2.9% | -18,422€ | -19.8% | 7 | 717€ |
| 1502 | Felicitabistro03636887 · Podgorica | <0.1% | 92,012€ | +1.7% | -34,639€ | -37.6% | 3 | 1,005€ |
| 1503 | Kafedžija03548139 · Herceg Novi | <0.1% | 91,796€ | +27.9% | -7,518€ | -8.2% | 1 | 2,748€ |
| 1504 | Numera02648237 · Podgorica | <0.1% | 91,769€ | +24.0% | 15,920€ | 17.3% | 3 | 599€ |
| 1505 | Tasty MMM03248445 · Tuzi | <0.1% | 91,760€ | +2.5% | 3,636€ | 4.0% | 3 | 437€ |
| 1506 | Lokanda03304655 · Podgorica | <0.1% | 91,473€ | -3.0% | -2,071€ | -2.3% | 1 | 2,153€ |
| 1507 | 17M&P&M1903505901 · Danilovgrad | <0.1% | 91,435€ | +134.8% | 9,076€ | 9.9% | 2 | 1,097€ |
| 1508 | Braniv02437350 · Budva | <0.1% | 91,359€ | +17.0% | 7,769€ | 8.5% | 4 | 633€ |
| 1509 | Naša Kuhinjica03400638 · Podgorica | <0.1% | 91,272€ | -51.2% | -12,205€ | -13.4% | 2 | 936€ |
| 1510 | Selimo03418588 · Kotor | <0.1% | 90,818€ | +87.4% | -9,126€ | -10.0% | 4 | 574€ |
| 1511 | Kapitel03102858 · Bar | <0.1% | 90,784€ | -38.8% | -45,579€ | -50.2% | 5 | 633€ |
| 1512 | El Greko Hellas03538001 · Budva | <0.1% | 90,764€ | +4.5% | -47,379€ | -52.2% | 4 | 502€ |
| 1513 | Aleksandra02437732 · Bar | <0.1% | 90,752€ | +5.5% | -5,837€ | -6.4% | 3 | 745€ |
| 1514 | Kutak Kafe03595226 · Podgorica | <0.1% | 90,738€ | +0.6% | -6,799€ | -7.5% | 3 | 1,489€ |
| 1515 | 3 Ways03652505 · Ulcinj | <0.1% | 90,636€ | +2.3% | -1,224€ | -1.4% | 3 | 604€ |
| 1516 | Maksmore03555194 · Herceg Novi | <0.1% | 90,484€ | -58.0% | -16,531€ | -18.3% | 6 | 433€ |
| 1517 | Coyg03542335 · Nikšić | <0.1% | 90,466€ | +17.4% | -4,713€ | -5.2% | 3 | 922€ |
| 1518 | Aleksandar - D03127966 · Kotor | <0.1% | 90,439€ | +3.5% | -21,807€ | -24.1% | 5 | 923€ |
| 1519 | Spaić Family03123375 · Herceg Novi | <0.1% | 90,390€ | -11.8% | -461€ | -0.5% | 5 | 604€ |
| 1520 | BB - Ribarevine02930030 · Bijelo Polje | <0.1% | 90,288€ | +205.9% | 14,014€ | 15.5% | 1 | 700€ |
| 1521 | Evlogia02851342 · Podgorica | <0.1% | 90,206€ | +2.5% | 5,447€ | 6.0% | 3 | 722€ |
| 1522 | BP Projects03781933 · Kotor | <0.1% | 90,197€ | No filing for 2024. | 24,131€ | 26.8% | 5 | — |
| 1523 | Petko02739585 · Podgorica | <0.1% | 90,136€ | +15.5% | 1,383€ | 1.5% | 3 | 893€ |
| 1524 | Beatrice Company03503518 · Budva | <0.1% | 90,015€ | -6.0% | 25,914€ | 28.8% | 3 | 542€ |
| 1525 | Tradicija V&B03363821 · Podgorica | <0.1% | 89,668€ | -6.3% | -21,094€ | -23.5% | 5 | 652€ |
| 1526 | Ta-Norma02875551 · Tivat | <0.1% | 89,642€ | +66.9% | 3,918€ | 4.4% | 2 | 629€ |
| 1527 | The Pier03352650 · Ulcinj | <0.1% | 89,483€ | -9.7% | 23,488€ | 26.2% | 1 | — |
| 1528 | Lubnice-Komerc02142503 · Berane | <0.1% | 89,462€ | +51.3% | 6,624€ | 7.4% | 2 | 679€ |
| 1529 | Pansion Ruma03130835 · Kotor | <0.1% | 89,348€ | -24.3% | -1,739€ | -1.9% | 2 | 1,074€ |
| 1530 | Commodo Mne03387208 · Podgorica | <0.1% | 89,301€ | +10.5% | 1,585€ | 1.8% | 1 | 1,099€ |
| 1531 | Tourinvest02350190 · Herceg Novi | <0.1% | 89,258€ | +3.8% | 3,365€ | 3.8% | 3 | 540€ |
| 1532 | Tondo02354446 · Herceg Novi | <0.1% | 89,251€ | +6.7% | 10,366€ | 11.6% | 3 | 1,012€ |
| 1533 | Pantović Komerc03738248 · Budva | <0.1% | 89,115€ | No filing for 2024. | -11,477€ | -12.9% | 2 | 1,204€ |
| 1534 | Nijagara-0902850630 · Herceg Novi | <0.1% | 89,003€ | +1.5% | 8,635€ | 9.7% | 3 | 929€ |
| 1535 | Markos 103741087 · Budva | <0.1% | 89,000€ | No filing for 2024. | 7,562€ | 8.5% | 2 | 749€ |
| 1536 | Mačaka&2203199304 · Nikšić | <0.1% | 88,987€ | +59.3% | -20,785€ | -23.4% | 7 | 552€ |
| 1537 | Pamm 145003620808 · Podgorica | <0.1% | 88,847€ | +64.3% | 7,487€ | 8.4% | 3 | 723€ |
| 1538 | Adriastar02952831 · Budva | <0.1% | 88,841€ | -3.6% | -293€ | -0.3% | 1 | 1,228€ |
| 1539 | Panettino Corner03440192 · Podgorica | <0.1% | 88,750€ | +54.3% | 5,816€ | 6.6% | 1 | — |
| 1540 | Motel Port03308316 · Berane | <0.1% | 88,699€ | -36.2% | 5,519€ | 6.2% | 4 | 514€ |
| 1541 | Gurman MJN03759652 · Podgorica | <0.1% | 88,254€ | No filing for 2024. | -18,804€ | -21.3% | 10 | — |
| 1542 | Bbplaza03762181 · Herceg Novi | <0.1% | 88,103€ | No filing for 2024. | 9,408€ | 10.7% | 1 | 462€ |
| 1543 | Golden Clover03314251 · Nikšić | <0.1% | 88,067€ | +33.8% | 1,044€ | 1.2% | 6 | 488€ |
| 1544 | Dolap02946122 · Nikšić | <0.1% | 88,043€ | +225.9% | 1,335€ | 1.5% | 4 | 616€ |
| 1545 | Ilford03126102 · Budva | <0.1% | 87,982€ | +5.0% | 3,581€ | 4.1% | 2 | 653€ |
| 1546 | Park Tri03081176 · Berane | <0.1% | 87,966€ | +26.6% | -21,529€ | -24.5% | 6 | 1,287€ |
| 1547 | Duga02051036 · Rožaje | <0.1% | 87,540€ | +21.0% | 4,222€ | 4.8% | 4 | 601€ |
| 1548 | Juventur02341409 · Herceg Novi | <0.1% | 87,066€ | -59.8% | 26,747€ | 30.7% | 2 | 984€ |
| 1549 | Školj02174553 · Budva | <0.1% | 86,813€ | -39.4% | -20,994€ | -24.2% | 3 | 731€ |
| 1550 | Najbolji03315088 · Podgorica | <0.1% | 86,683€ | +7.6% | 31,500€ | 36.3% | 3 | — |