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 351–400 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* |
|---|
| 351 | Desiderata03365883 · Podgorica | <0.1% | 611,620€ | +17.3% | 3,654€ | 0.6% | 13 | 1,462€ |
| 352 | Planet Plus03078272 · Bar | <0.1% | 608,550€ | +24.8% | 77,934€ | 12.8% | 6 | 816€ |
| 353 | Bandiera02658747 · Kotor | <0.1% | 608,268€ | +15.8% | 64,672€ | 10.6% | 8 | 2,875€ |
| 354 | Rendez-Vous02398907 · Kotor | <0.1% | 607,556€ | +13.1% | 95,293€ | 15.7% | 10 | 681€ |
| 355 | Montenegro Hospitality Group03066614 · Tivat | <0.1% | 606,856€ | -15.5% | -281,732€ | -46.4% | 18 | 1,678€ |
| 356 | Dalla Nonna03151115 · Podgorica | <0.1% | 606,435€ | +7.0% | 4,960€ | 0.8% | 15 | 963€ |
| 357 | M-Nova Company03315673 · Bar | <0.1% | 606,047€ | +36.1% | 155,521€ | 25.7% | 11 | 800€ |
| 358 | Kaluđerović Company02241366 · Tivat | <0.1% | 605,669€ | +2.4% | -18,334€ | -3.0% | 8 | 1,402€ |
| 359 | Enigma Turist02416603 · Žabljak | <0.1% | 603,763€ | +47.3% | 35,772€ | 5.9% | 7 | 1,159€ |
| 360 | Mia Toscana03096122 · Podgorica | <0.1% | 603,538€ | +0.3% | 8,062€ | 1.3% | 14 | 1,226€ |
| 361 | Manipe03450821 · Nikšić | <0.1% | 602,892€ | +28.3% | 28,321€ | 4.7% | 17 | 886€ |
| 362 | Montenegro Lubricants02789230 · Kotor | <0.1% | 597,349€ | +10.6% | 32,521€ | 5.4% | 9 | 1,016€ |
| 363 | Zheng He03621766 · Podgorica | <0.1% | 596,515€ | +498.7% | -18,504€ | -3.1% | 18 | 1,225€ |
| 364 | Arco-Iris02445336 · Podgorica | <0.1% | 594,719€ | +11.9% | 23,977€ | 4.0% | 15 | 1,201€ |
| 365 | Konđar03037606 · Kotor | <0.1% | 593,459€ | -0.5% | 21,276€ | 3.6% | 9 | 703€ |
| 366 | Daj Group02983630 · Tivat | <0.1% | 593,269€ | -6.8% | 9,482€ | 1.6% | 12 | 1,001€ |
| 367 | European International Restaurants and Catering03340929 · Tivat | <0.1% | 592,938€ | +10.2% | -226,493€ | -38.2% | 12 | 1,021€ |
| 368 | Uvm Company03411338 · Tivat | <0.1% | 592,014€ | +35.5% | 48,294€ | 8.2% | 15 | 1,138€ |
| 369 | Dolce & Kafana03249590 · Podgorica | <0.1% | 591,309€ | +12.4% | 3,520€ | 0.6% | 16 | 886€ |
| 370 | Food Concept Solutions03223132 · Herceg Novi | <0.1% | 591,148€ | +32.8% | 15,004€ | 2.5% | 21 | 602€ |
| 371 | 7 Hills02957841 · Podgorica | <0.1% | 589,359€ | -8.7% | 55,577€ | 9.4% | 12 | 955€ |
| 372 | Error 40403349560 · Nikšić | <0.1% | 589,337€ | +41.8% | 164,822€ | 28.0% | 5 | 682€ |
| 373 | Shambhala03271641 · Žabljak | <0.1% | 589,306€ | +30.7% | 104,943€ | 17.8% | 15 | 1,257€ |
| 374 | Roma 201102839954 · Kotor | <0.1% | 588,546€ | +23.0% | 84,319€ | 14.3% | 6 | 1,576€ |
| 375 | Ventura02456982 · Budva | <0.1% | 588,076€ | +11.0% | 77,926€ | 13.3% | 11 | 1,096€ |
| 376 | Central Park02867222 · Bar | <0.1% | 587,827€ | +2.6% | -16,431€ | -2.8% | 9 | 1,401€ |
| 377 | A L B A T R o S02006154 · Ulcinj | <0.1% | 586,242€ | -25.6% | -202,494€ | -34.5% | 36 | 978€ |
| 378 | Doli Commerc03361403 · Budva | <0.1% | 585,661€ | -11.2% | 130,735€ | 22.3% | 3 | 2,012€ |
| 379 | Elitemontenegro03037177 · Berane | <0.1% | 582,031€ | -1.6% | 49,565€ | 8.5% | 9 | 1,999€ |
| 380 | Đurići03177343 · Nikšić | <0.1% | 581,802€ | +10.6% | 110,215€ | 18.9% | 6 | 932€ |
| 381 | Basman Group03497046 · Budva | <0.1% | 581,527€ | +0.4% | 70,118€ | 12.1% | 11 | 1,209€ |
| 382 | Goš03146138 · Podgorica | <0.1% | 580,959€ | +10.4% | 3,353€ | 0.6% | 13 | 606€ |
| 383 | Ara Nikšić03182851 · Herceg Novi | <0.1% | 580,677€ | -5.2% | 11,753€ | 2.0% | 18 | 1,109€ |
| 384 | TG Dvorište03642755 · Podgorica | <0.1% | 580,509€ | +63.9% | 98,824€ | 17.0% | 6 | 3,268€ |
| 385 | Veluza02399326 · Budva | <0.1% | 579,928€ | +2.5% | 18,272€ | 3.2% | 16 | 747€ |
| 386 | Janović02269961 · Kotor | <0.1% | 577,652€ | +18.3% | 24,491€ | 4.2% | 12 | 1,181€ |
| 387 | Pinos Playa03044327 · Bar | <0.1% | 574,749€ | +9.0% | 114,779€ | 20.0% | 9 | 1,047€ |
| 388 | Obradović - Brgija i Ortaci02332345 · Herceg Novi | <0.1% | 569,546€ | +10.0% | 99,429€ | 17.5% | 12 | 891€ |
| 389 | Budućnost Bemax02797402 · Podgorica | <0.1% | 568,840€ | -17.9% | -113,848€ | -20.0% | 1 | 42,089€ |
| 390 | White Wave02700905 · Kolašin | <0.1% | 568,281€ | -5.3% | 999€ | 0.2% | 24 | 661€ |
| 391 | Drago - Sveti Stefan03092518 · Budva | <0.1% | 566,947€ | -5.3% | 93,999€ | 16.6% | 7 | 1,647€ |
| 392 | Our SFRJ03271005 · Kolašin | <0.1% | 565,770€ | +38.1% | 67,207€ | 11.9% | 12 | 956€ |
| 393 | Ag Harmony03190803 · Budva | <0.1% | 565,023€ | +20.2% | 73,418€ | 13.0% | 3 | 1,784€ |
| 394 | DD&KA03529100 · Bar | <0.1% | 564,010€ | +90.6% | 60,010€ | 10.6% | 13 | 1,353€ |
| 395 | LB Leisure Facilities Management03626121 · Tivat | <0.1% | 563,629€ | +384.2% | -258,039€ | -45.8% | 20 | 2,168€ |
| 396 | SD Team03502805 · Podgorica | <0.1% | 563,462€ | +103.4% | 4,677€ | 0.8% | 3 | 3,252€ |
| 397 | Konaleto03121763 · Kotor | <0.1% | 562,748€ | +22.7% | 165,820€ | 29.5% | 12 | 785€ |
| 398 | Sole Mio Group03544346 · Budva | <0.1% | 559,241€ | -13.8% | 64,620€ | 11.6% | 8 | 1,419€ |
| 399 | Vaspav03078302 · Podgorica | <0.1% | 557,869€ | -10.9% | 23,269€ | 4.2% | 12 | 646€ |
| 400 | New Panini03069095 · Budva | <0.1% | 557,162€ | +25.2% | 111,155€ | 20.0% | 8 | 1,720€ |