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 1751–1800 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* |
|---|
| 1751 | M&D Grill03618404 · Podgorica | <0.1% | 62,055€ | +9.8% | 807€ | 1.3% | 2 | 685€ |
| 1752 | T-Modest02985845 · Podgorica | <0.1% | 61,996€ | +5.6% | 2,160€ | 3.5% | 2 | 807€ |
| 1753 | Woodland03142167 · Podgorica | <0.1% | 61,963€ | -20.1% | 3,934€ | 6.3% | 3 | 654€ |
| 1754 | Samardžić Plus02855267 · Kotor | <0.1% | 61,904€ | -4.5% | 15,981€ | 25.8% | 1 | 846€ |
| 1755 | Be Good03217736 · Bar | <0.1% | 61,636€ | +63.5% | -774€ | -1.3% | 3 | 618€ |
| 1756 | Intact Intact03344240 · Budva | <0.1% | 61,542€ | +199.1% | -33€ | -0.1% | 4 | 309€ |
| 1757 | Anba02810565 · Kotor | <0.1% | 61,151€ | -16.2% | 630€ | 1.0% | 2 | 406€ |
| 1758 | Miramonte Gardens02634210 · Budva | <0.1% | 60,907€ | +1.0% | -3,349€ | -5.5% | 4 | 662€ |
| 1759 | Top03399516 · Podgorica | <0.1% | 60,532€ | -6.2% | 6,085€ | 10.1% | 1 | 677€ |
| 1760 | Lanee Trade03176096 · Petnjica | <0.1% | 60,473€ | +17.1% | -2,971€ | -4.9% | 4 | 935€ |
| 1761 | Barbun02835428 · Budva | <0.1% | 60,447€ | -14.0% | -29,791€ | -49.3% | 2 | 1,184€ |
| 1762 | Publees Pub03739627 · Bar | <0.1% | 60,440€ | No filing for 2024. | -6,052€ | -10.0% | 2 | 312€ |
| 1763 | Simovic G & J03066037 · Berane | <0.1% | 60,428€ | +2.3% | -696€ | -1.2% | 3 | 989€ |
| 1764 | Butik 3303388816 · Bar | <0.1% | 60,416€ | +14.5% | -11,379€ | -18.8% | 3 | 819€ |
| 1765 | Pine Real Estate03579646 · Kolašin | <0.1% | 60,410€ | +333.5% | 13,521€ | 22.4% | 1 | 933€ |
| 1766 | Obala Radovića03169537 · Bar | <0.1% | 60,410€ | -10.0% | 1,708€ | 2.8% | 2 | 1,131€ |
| 1767 | Vila Kukoljac02410729 · Herceg Novi | <0.1% | 60,188€ | -23.3% | -5,344€ | -8.9% | 4 | 754€ |
| 1768 | MVRS Company03376184 · Podgorica | <0.1% | 60,183€ | -37.7% | -86,525€ | -143.8% | 4 | 601€ |
| 1769 | Tortilja Bar Bonito03469042 · Podgorica | <0.1% | 60,014€ | +39.8% | 6,411€ | 10.7% | 2 | 738€ |
| 1770 | Siniz Grupa02786125 · Budva | <0.1% | 60,000€ | -27.7% | 18,744€ | 31.2% | 2 | 514€ |
| 1771 | Brick House03166309 · Berane | <0.1% | 59,955€ | +22.0% | 4,114€ | 6.9% | 2 | 1,781€ |
| 1772 | Maj02967120 · Kolašin | <0.1% | 59,811€ | +59.4% | 832€ | 1.4% | 2 | 354€ |
| 1773 | Nina San02918129 · Nikšić | <0.1% | 59,699€ | -16.2% | 9,879€ | 16.5% | 2 | 778€ |
| 1774 | Terminal Lounge03741877 · Kotor | <0.1% | 59,641€ | No filing for 2024. | -5,622€ | -9.4% | 0 | — |
| 1775 | Vjetrenjača02944804 · Pljevlja | <0.1% | 59,629€ | +26.8% | 10,132€ | 17.0% | 4 | 738€ |
| 1776 | G & Plus02332663 · Podgorica | <0.1% | 59,551€ | +17.5% | 0€ | 0.0% | 3 | 785€ |
| 1777 | Lonzheron03492826 · Budva | <0.1% | 59,522€ | +445.2% | -887€ | -1.5% | 3 | 709€ |
| 1778 | Mata Hari-Suković02072009 · Tuzi | <0.1% | 59,332€ | +77.5% | 2,035€ | 3.4% | 4 | — |
| 1779 | Mejd02217317 · Podgorica | <0.1% | 58,963€ | -4.7% | 5,321€ | 9.0% | 2 | 1,471€ |
| 1780 | Filin.G.03603644 · Berane | <0.1% | 58,693€ | +108.0% | 7,541€ | 12.8% | 2 | 2,012€ |
| 1781 | Stil-Prom02391180 · Bar | <0.1% | 58,234€ | +9.0% | 737€ | 1.3% | 2 | 793€ |
| 1782 | Bura Company03357546 · Herceg Novi | <0.1% | 58,215€ | +12.6% | 3,234€ | 5.6% | 2 | 694€ |
| 1783 | Studentski Club Caffe03013359 · Podgorica | <0.1% | 58,164€ | +42.3% | 1,951€ | 3.4% | 1 | 1,823€ |
| 1784 | Vitka03527247 · Podgorica | <0.1% | 58,088€ | -12.2% | 15€ | 0.0% | 2 | 854€ |
| 1785 | Zvjezdana Dolina03222853 · Podgorica | <0.1% | 57,984€ | -6.0% | 1,089€ | 1.9% | 1 | 1,268€ |
| 1786 | Veliki Hipnos03563782 · Kotor | <0.1% | 57,924€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -25,206€ | -43.5% | 2 | 514€ |
| 1787 | I-Ti Company03585786 · Tivat | <0.1% | 57,896€ | +10.7% | -36,409€ | -62.9% | 2 | 1,035€ |
| 1788 | Odmaralište Srbobran03198979 · Bar | <0.1% | 57,758€ | -14.0% | -926€ | -1.6% | 2 | 851€ |
| 1789 | La Barca03388352 · Budva | <0.1% | 57,535€ | +11.5% | -19,761€ | -34.3% | 1 | 678€ |
| 1790 | The Core03467970 · Podgorica | <0.1% | 57,386€ | -19.7% | 1,471€ | 2.6% | 3 | 572€ |
| 1791 | Ogi Premijer03061612 · Herceg Novi | <0.1% | 57,272€ | +124.0% | 5,713€ | 10.0% | 5 | — |
| 1792 | Rexha Brothers03341615 · Ulcinj | <0.1% | 57,237€ | -13.4% | -17,984€ | -31.4% | 4 | 515€ |
| 1793 | Keystone Montenegro02767112 · Herceg Novi | <0.1% | 57,180€ | +773.0% | -66,739€ | -116.7% | 3 | 847€ |
| 1794 | Bem02910560 · Bijelo Polje | <0.1% | 56,882€ | -52.1% | -19,477€ | -34.2% | 2 | 595€ |
| 1795 | Karpatia03742679 · Bar | <0.1% | 56,612€ | No filing for 2024. | -2,040€ | -3.6% | 1 | 515€ |
| 1796 | Ukusno Mesto03596583 · Herceg Novi | <0.1% | 56,554€ | +33.4% | -14,446€ | -25.5% | 3 | 673€ |
| 1797 | Draćin03253929 · Bijelo Polje | <0.1% | 56,548€ | +26.1% | -3,618€ | -6.4% | 4 | 1,228€ |
| 1798 | Ival Company03302792 · Nikšić | <0.1% | 56,482€ | -29.5% | -13,815€ | -24.5% | 2 | 453€ |
| 1799 | Mytime Group03629198 · Budva | <0.1% | 56,273€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -60,939€ | -108.3% | 4 | 855€ |
| 1800 | Minago03464504 · Podgorica | <0.1% | 56,212€ | +7.9% | 4,443€ | 7.9% | 1 | 1,106€ |