Revenue
4.3% of Montenegro's revenue
3,326 companies earned 758.90m€ in 2025, 4.3% of all company revenue in Montenegro. It ranks 4 of 25 municipalities by revenue. Revenue has grown 3.2× since 2015.
4.3% of Montenegro's revenue
72.6 per 1,000 residents · Montenegro 57.3
Largest employer: Kadar Plus (519)
Total profit: 29.89m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 239,370,876€ | 1,306 |
| 2016 | 262,228,157€ | 1,380 |
| 2017 | 301,053,489€ | 1,496 |
| 2018 | 333,446,222€ | 1,663 |
| 2019 | 351,884,422€ | 1,831 |
| 2020 | 318,094,388€ | 2,022 |
| 2021 | 391,032,089€ | 2,198 |
| 2022 | 548,447,681€ | 2,694 |
| 2023 | 592,141,198€ | 3,169 |
| 2024 | 674,325,394€ | 3,269 |
| 2025 (Preliminary) | 758,900,352€ | 3,326 |
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 3,326
* 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 | Cerovo02069814 · Trade | 4.9% | 36,996,624€ | +8.1% | 914,760€ | 2.5% | 226 | 1,336€ |
| 2 | Kalamper02100762 · Trade | 3.9% | 29,656,414€ | +6.9% | 1,894,389€ | 6.4% | 167 | 969€ |
| 3 | Bonesa02251531 · Manufacturing | 2.9% | 21,754,073€ | -3.6% | 1,619,973€ | 7.4% | 43 | 1,342€ |
| 4 | Alim Grup03128075 · Trade | 2.7% | 20,765,392€ | +7.6% | 1,000,915€ | 4.8% | 6 | 1,225€ |
| 5 | Putevi Bar03014584 · Construction | 2.6% | 19,541,684€ | +25.6% | 117,967€ | 0.6% | 131 | 1,939€ |
| 6 | Euromix Beton02650258 · Mining | 2.4% | 18,100,024€ | -21.0% | 1,498,112€ | 8.3% | 104 | 2,024€ |
| 7 | Luka Bar02002558 · Transport & logistics | 2.1% | 15,666,097€ | -7.7% | -6,440,456€ | -41.1% | 485 | 1,334€ |
| 8 | Bar Trade02651696 · Trade | 1.6% | 12,013,343€ | +19.6% | 424,142€ | 3.5% | 37 | 1,775€ |
| 9 | Port of Adria02766698 · Transport & logistics | 1.6% | 11,902,728€ | +34.9% | -669,525€ | -5.6% | 271 | 1,672€ |
| 10 | Femić Trade02872528 · Trade | 1.6% | 11,881,602€ | +21.1% | 599,900€ | 5.0% | 65 | 1,430€ |
| 11 | Recreatours02672227 · Hospitality | 1.4% | 10,998,058€ | +3.8% | 5,034,199€ | 45.8% | 118 | 943€ |
| 12 | Barska Plovidba02324784 · Transport & logistics | 1.4% | 10,383,095€ | +30.2% | 2,281,950€ | 22.0% | 33 | 7,007€ |
| 13 | Sunce A&M Company03108643 · Trade | 1.3% | 10,172,499€ | +46.6% | 141,379€ | 1.4% | 43 | 1,454€ |
| 14 | Komunalne Djelatnosti02002752 · Energy, water & waste | 1.2% | 9,334,729€ | +8.2% | 453,296€ | 4.9% | 344 | 1,267€ |
| 15 | B2B03168212 · Professional services | 1.2% | 9,201,960€ | -8.5% | 1,775,063€ | 19.3% | 180 | 1,228€ |
| 16 | 2 Decembar02063859 · Trade | 1.2% | 9,056,572€ | +68.5% | 1,024,294€ | 11.3% | 23 | 1,289€ |
| 17 | Trojan02123258 · Manufacturing | 1.2% | 8,797,874€ | +30.6% | 1,461,241€ | 16.6% | 38 | 864€ |
| 18 | RTM Group03243907 · Construction | 1.1% | 8,675,654€ | +24.7% | 1,182,234€ | 13.6% | 6 | 913€ |
| 19 | Bar-Gradnja03022188 · Trade | 1.1% | 7,981,656€ | -1.0% | 107,796€ | 1.4% | 48 | 1,366€ |
| 20 | Kadar Plus03106420 · Administrative services | 1.0% | 7,723,785€ | +14.7% | 21,973€ | 0.3% | 519 | 1,214€ |
| 21 | Mondrian02692945 · Trade | 1.0% | 7,475,252€ | +13.2% | 452,339€ | 6.1% | 41 | 958€ |
| 22 | Allegra-Montenegro02802546 · Transport & logistics | 1.0% | 7,319,421€ | -4.1% | 113,747€ | 1.6% | 32 | 905€ |
| 23 | Axis Construction03411770 · Construction | 1.0% | 7,244,818€ | +362,240,800.0% | 1,934,090€ | 26.7% | 1 | 1,317€ |
| 24 | E - Plus02695731 · Trade | 0.9% | 6,986,966€ | -15.6% | 74,245€ | 1.1% | 46 | 973€ |
| 25 | Avista Realty Group02699532 · Professional services | 0.9% | 6,914,110€ | +4,082.4% | 124,849€ | 1.8% | 5 | 5,100€ |
| 26 | Vodovod i Kanalizacija02054779 · Energy, water & waste | 0.9% | 6,605,759€ | +6.3% | 10,714€ | 0.2% | 175 | 1,147€ |
| 27 | Atlanta M03534383 · Trade | 0.8% | 6,285,847€ | -19.5% | 362,854€ | 5.8% | 1 | 1,661€ |
| 28 | M Fish02758946 · Trade | 0.8% | 5,885,943€ | +15.8% | 725,598€ | 12.3% | 11 | 1,684€ |
| 29 | Ferro - Stil02353679 · Manufacturing | 0.7% | 5,367,209€ | +26.3% | 377,711€ | 7.0% | 40 | 1,369€ |
| 30 | Mediteran Shipping02304058 · Transport & logistics | 0.7% | 5,159,837€ | -19.8% | 21,510€ | 0.4% | 11 | 1,251€ |
| 31 | Baranka Export-Import Pejanović02122570 · Trade | 0.7% | 5,116,193€ | -17.3% | 296,069€ | 5.8% | 6 | 2,999€ |
| 32 | A3 Team02995069 · Construction | 0.6% | 4,897,741€ | -5.7% | 465,271€ | 9.5% | 25 | 1,125€ |
| 33 | Art Gradnja Bar02812398 · Construction | 0.6% | 4,552,618€ | +49.2% | 830,425€ | 18.2% | 13 | 12,409€ |
| 34 | Zenšped Group02914034 · Transport & logistics | 0.6% | 4,535,730€ | +91.1% | 381,361€ | 8.4% | 15 | 1,167€ |
| 35 | VTN - Elektro02458942 · Manufacturing | 0.6% | 4,369,164€ | +23.9% | 191,050€ | 4.4% | 9 | 1,215€ |
| 36 | Rašketić02761190 · Construction | 0.6% | 4,240,605€ | -24.5% | 176,082€ | 4.2% | 37 | 627€ |
| 37 | Koll.Sti03241424 · Trade | 0.5% | 4,151,594€ | +19.5% | 194,365€ | 4.7% | 2 | 1,455€ |
| 38 | Jelena02374960 · Trade | 0.5% | 3,921,072€ | -22.2% | 173,290€ | 4.4% | 12 | 1,429€ |
| 39 | Fidelitas Pharm02901544 · Trade | 0.5% | 3,830,413€ | +12.1% | 57,513€ | 1.5% | 7 | 1,540€ |
| 40 | Gold Bar02790564 · Construction | 0.5% | 3,824,781€ | +52.7% | 250,915€ | 6.6% | 13 | 1,190€ |
| 41 | Belmont Developments03239560 · Construction | 0.5% | 3,593,641€ | +4,307.9% | 324,056€ | 9.0% | 1 | — |
| 42 | M. D. Mont02375222 · Trade | 0.5% | 3,590,353€ | -5.6% | 86,682€ | 2.4% | 12 | 1,268€ |
| 43 | Easy Trade03440346 · Trade | 0.5% | 3,493,719€ | +47.5% | 56,663€ | 1.6% | 1 | 1,300€ |
| 44 | Šušanj Trade02983494 · Trade | 0.5% | 3,423,604€ | +14.1% | 51,199€ | 1.5% | 30 | 1,121€ |
| 45 | Damont02461099 · Trade | 0.4% | 3,338,379€ | -4.0% | 94,948€ | 2.8% | 10 | 1,192€ |
| 46 | Sato02924919 · Hospitality | 0.4% | 3,051,839€ | +20.8% | 483,666€ | 15.8% | 56 | 690€ |
| 47 | PGS Montenegro02293528 · Transport & logistics | 0.4% | 2,971,657€ | +104.9% | 989,676€ | 33.3% | 32 | 2,594€ |
| 48 | Invictus Formo03230023 · Construction | 0.4% | 2,936,930€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 412,085€ | 14.0% | 1 | 1,376€ |
| 49 | Hotel Princess03013464 · Hospitality | 0.4% | 2,837,992€ | +4.3% | 227,158€ | 8.0% | 75 | 1,054€ |
| 50 | Renova02807599 · Trade | 0.4% | 2,824,619€ | +16.9% | 68,043€ | 2.4% | 4 | 2,013€ |