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 251–300 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* |
|---|
| 251 | Different03288684 · Podgorica | <0.1% | 830,032€ | -31.9% | -44,779€ | -5.4% | 25 | 1,264€ |
| 252 | SQR03391604 · Herceg Novi | <0.1% | 829,268€ | +9.1% | -39,745€ | -4.8% | 46 | 613€ |
| 253 | Info Turizm03751538 · Kotor | <0.1% | 827,424€ | No filing for 2024. | 136,795€ | 16.5% | 5 | 981€ |
| 254 | Mik - Mrvaljević i Drugi02332353 · Herceg Novi | <0.1% | 825,737€ | -3.8% | 79,592€ | 9.6% | 14 | 1,122€ |
| 255 | Beach02926369 · Podgorica | <0.1% | 824,608€ | +7.0% | -149,757€ | -18.2% | 4 | 4,512€ |
| 256 | Hel Company03086704 · Podgorica | <0.1% | 824,342€ | -27.1% | -44,124€ | -5.4% | 17 | 1,285€ |
| 257 | Ilijada Commerce03448070 · Herceg Novi | <0.1% | 823,605€ | +15.0% | 124,886€ | 15.2% | 9 | 918€ |
| 258 | Productivv03234932 · Tivat | <0.1% | 823,378€ | -39.6% | 251,633€ | 30.6% | 10 | 1,076€ |
| 259 | M&M Group03527743 · Kotor | <0.1% | 818,236€ | +46.0% | 64,536€ | 7.9% | 17 | 1,420€ |
| 260 | Finestra Pro03238938 · Herceg Novi | <0.1% | 801,229€ | +27.3% | 6,009€ | 0.7% | 17 | 934€ |
| 261 | Fiko Catering03341771 · Podgorica | <0.1% | 800,331€ | +51.3% | 63,955€ | 8.0% | 19 | 743€ |
| 262 | Brand Hotels03262359 · Budva | <0.1% | 794,864€ | +5.7% | 51,388€ | 6.5% | 11 | 1,342€ |
| 263 | Orizzonte03109470 · Budva | <0.1% | 791,117€ | +4.5% | 65,015€ | 8.2% | 20 | 512€ |
| 264 | Nav02805871 · Danilovgrad | <0.1% | 790,277€ | +1.7% | 100,842€ | 12.8% | 20 | 626€ |
| 265 | Smokvica02982790 · Budva | <0.1% | 789,044€ | +374.7% | 148,002€ | 18.8% | 4 | 3,021€ |
| 266 | Emma-603319083 · Podgorica | <0.1% | 787,124€ | +61.9% | 1,083€ | 0.1% | 14 | 859€ |
| 267 | Villa Geba Management03251691 · Budva | <0.1% | 785,181€ | -3.4% | -548,628€ | -69.9% | 19 | 2,296€ |
| 268 | Franeta Gradnja02411822 · Budva | <0.1% | 781,285€ | -5.7% | 47,668€ | 6.1% | 5 | 1,337€ |
| 269 | Separe03295389 · Bar | <0.1% | 780,112€ | +9.0% | 27,572€ | 3.5% | 15 | 1,440€ |
| 270 | Raj Grup03029662 · Kolašin | <0.1% | 774,737€ | +26.0% | 72,497€ | 9.4% | 17 | 1,206€ |
| 271 | Babi Company03297772 · Tivat | <0.1% | 774,630€ | -33.9% | 1,812€ | 0.2% | 26 | 1,154€ |
| 272 | Export -Import VST Trend02330857 · Nikšić | <0.1% | 769,481€ | +3,862.7% | 628,847€ | 81.7% | 1 | 5,111€ |
| 273 | Borozan02798085 · Kotor | <0.1% | 768,895€ | -8.9% | 4,091€ | 0.5% | 19 | 1,196€ |
| 274 | Playboy02992540 · Kotor | <0.1% | 758,781€ | -2.0% | 201,139€ | 26.5% | 9 | 1,340€ |
| 275 | System Group02698382 · Budva | <0.1% | 758,629€ | -8.5% | 6,437€ | 0.8% | 20 | 1,076€ |
| 276 | Your Time03452166 · Bar | <0.1% | 756,665€ | +42.8% | 77,813€ | 10.3% | 29 | 685€ |
| 277 | Pajbar Sistem03119386 · Danilovgrad | <0.1% | 755,304€ | +54.0% | 44,685€ | 5.9% | 9 | 675€ |
| 278 | Moreta02715325 · Budva | <0.1% | 746,693€ | +14.0% | 197,939€ | 26.5% | 11 | 1,378€ |
| 279 | Bonazza03740587 · Kotor | <0.1% | 745,514€ | No filing for 2024. | 221,153€ | 29.7% | 0 | — |
| 280 | Pjati03161277 · Budva | <0.1% | 744,947€ | +25.7% | 223,067€ | 29.9% | 10 | 2,050€ |
| 281 | MVS Select03225356 · Kotor | <0.1% | 742,013€ | -5.1% | 32,167€ | 4.3% | 17 | 1,002€ |
| 282 | Siempre03023516 · Kotor | <0.1% | 739,028€ | +1.7% | 151,854€ | 20.5% | 18 | 1,052€ |
| 283 | Intercontinental Hotels Management Montenegro03305082 · Podgorica | <0.1% | 738,201€ | +9,410.4% | 42,541€ | 5.8% | 2 | 3,436€ |
| 284 | SM&SM03180506 · Podgorica | <0.1% | 737,023€ | +2.1% | 45,063€ | 6.1% | 16 | 1,228€ |
| 285 | Restobar Taraca02815192 · Kotor | <0.1% | 734,924€ | +2.9% | 51,202€ | 7.0% | 17 | 1,353€ |
| 286 | Galeb Lux03020355 · Ulcinj | <0.1% | 734,855€ | -3.5% | 23,792€ | 3.2% | 16 | 1,037€ |
| 287 | Fair Trade02931249 · Bar | <0.1% | 732,817€ | -3.0% | 137,977€ | 18.8% | 7 | 781€ |
| 288 | Ambassador Group03402754 · Budva | <0.1% | 731,094€ | -10.6% | 17,320€ | 2.4% | 20 | 952€ |
| 289 | Lir02062755 · Budva | <0.1% | 728,666€ | -0.2% | -16,829€ | -2.3% | 22 | 1,047€ |
| 290 | Monoment03076563 · Ulcinj | <0.1% | 727,850€ | +13.0% | 22,858€ | 3.1% | 10 | 594€ |
| 291 | Uno Pizza Bar03437205 · Bar | <0.1% | 727,492€ | +11.7% | 14,280€ | 2.0% | 22 | 1,071€ |
| 292 | Đukica Tours02427621 · Bar | <0.1% | 717,582€ | -62.2% | 13,506€ | 1.9% | 14 | 917€ |
| 293 | Zlatibor Mont02465183 · Podgorica | <0.1% | 715,156€ | -10.2% | 97,359€ | 13.6% | 12 | 1,215€ |
| 294 | Divino Group03386503 · Tivat | <0.1% | 710,880€ | -7.6% | 3,584€ | 0.5% | 14 | 1,742€ |
| 295 | Mistic Company02887657 · Herceg Novi | <0.1% | 708,722€ | +17.0% | 118,212€ | 16.7% | 18 | 734€ |
| 296 | Best Trio02864231 · Ulcinj | <0.1% | 708,591€ | -7.0% | 3,949€ | 0.6% | 12 | 873€ |
| 297 | Merlin Ponta03295974 · Tivat | <0.1% | 708,436€ | +26.7% | 51,094€ | 7.2% | 10 | 1,177€ |
| 298 | Giovanni Trade02086395 · Ulcinj | <0.1% | 708,023€ | +2.3% | 4,083€ | 0.6% | 9 | 665€ |
| 299 | Buongiorno Caffe03623602 · Ulcinj | <0.1% | 707,026€ | +17.2% | 33,034€ | 4.7% | 22 | 1,121€ |
| 300 | Marx02921073 · Bar | <0.1% | 705,061€ | +3.2% | -16,113€ | -2.3% | 21 | 718€ |