Revenue
5.7% of Montenegro's revenue
5,552 companies earned 1.00b€ in 2025, 5.7% of all company revenue in Montenegro. It ranks 3 of 25 municipalities by revenue. Revenue has grown 2.6× since 2015.
5.7% of Montenegro's revenue
202.3 per 1,000 residents · Montenegro 57.3
Largest employer: Budvanska Rivijera (600)
Total profit: 26.90m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 383,810,343€ | 1,542 |
| 2016 | 444,494,047€ | 1,746 |
| 2017 | 472,980,155€ | 1,980 |
| 2018 | 530,680,779€ | 2,746 |
| 2019 | 560,118,454€ | 3,195 |
| 2020 | 330,171,815€ | 3,435 |
| 2021 | 522,432,693€ | 3,741 |
| 2022 | 708,025,501€ | 4,710 |
| 2023 | 892,278,713€ | 5,695 |
| 2024 | 962,555,670€ | 6,029 |
| 2025 (Preliminary) | 1,004,597,030€ | 5,552 |
The number of companies jumped most in 2022: from 3,741 to 4,710.
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 5,552
* 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 | Megapromet02365928 · Trade | 7.3% | 72,840,843€ | +35.7% | 1,988,222€ | 2.7% | 402 | 1,250€ |
| 2 | Budvanska Rivijera02005328 · Hospitality | 3.0% | 29,700,564€ | +8.3% | 1,496,420€ | 5.0% | 600 | 1,325€ |
| 3 | Hotels Group Montenegro Stars02385040 · Hospitality | 2.8% | 28,406,958€ | -3.2% | 181,579€ | 0.6% | 565 | 1,894€ |
| 4 | Javno Preduzeće za Upravljanje Morskim Dobrom Crne Gore02116146 · Real estate | 2.7% | 26,684,913€ | No filing for 2024. | 3,706,858€ | 13.9% | 240 | 1,943€ |
| 5 | Maestral Hotels and Casinos02343029 · Arts & entertainment | 2.6% | 25,882,633€ | -2.4% | 1,966,177€ | 7.6% | 354 | 1,556€ |
| 6 | Bellevue Hotels Group02415828 · Hospitality | 2.0% | 20,505,314€ | +8.6% | 5,380,809€ | 26.2% | 233 | 1,544€ |
| 7 | Kompas Montenegro02321688 · Administrative services | 2.0% | 20,432,879€ | -2.3% | 481,663€ | 2.4% | 27 | 1,792€ |
| 8 | Sporting Group02314266 · Arts & entertainment | 1.5% | 15,185,453€ | +38.1% | 4,233,795€ | 27.9% | 274 | 895€ |
| 9 | Dukley Hotel03050831 · Hospitality | 1.5% | 15,079,028€ | +9.1% | 63,505€ | 0.4% | 216 | 2,141€ |
| 10 | Beppler & Jacobson Montenegro02391082 · Hospitality | 1.3% | 13,447,043€ | -2.0% | 1,160,476€ | 8.6% | 96 | 1,308€ |
| 11 | Slavija02415216 · Trade | 1.3% | 12,983,618€ | +6.0% | 715,034€ | 5.5% | 102 | 1,569€ |
| 12 | Sunraf Plus03276406 · Construction | 1.1% | 10,828,025€ | -9.5% | -571,038€ | -5.3% | 6 | 5,789€ |
| 13 | Komunalno02005719 · Energy, water & waste | 1.0% | 9,666,060€ | No filing for 2024. | 41,743€ | 0.4% | 247 | 1,647€ |
| 14 | Regionalni Vodovod Crnogorsko Primorje02090198 · Energy, water & waste | 1.0% | 9,581,872€ | +6.1% | 1,512,676€ | 15.8% | 80 | 2,149€ |
| 15 | Atena - Bohor02297191 · Construction | 0.9% | 8,638,120€ | +28.3% | 429,371€ | 5.0% | 31 | 2,413€ |
| 16 | Spencer&Hill Team03161382 · Hospitality | 0.8% | 7,659,009€ | +3.6% | 839,454€ | 11.0% | 181 | 1,302€ |
| 17 | Biblio Globus03016277 · Administrative services | 0.8% | 7,658,132€ | +43.2% | 83,303€ | 1.1% | 7 | 1,402€ |
| 18 | Electro Team02744643 · Construction | 0.7% | 7,469,016€ | +119.8% | 323,191€ | 4.3% | 47 | 1,441€ |
| 19 | Vodovod i Kanalizacija02005573 · Energy, water & waste | 0.7% | 7,016,701€ | -14.4% | -2,104,205€ | -30.0% | 249 | 1,473€ |
| 20 | Stela Bu202925567 · Trade | 0.7% | 6,838,030€ | +10.4% | 541,107€ | 7.9% | 82 | 814€ |
| 21 | Vira03416291 · Trade | 0.6% | 6,230,346€ | -60.4% | 576,605€ | 9.3% | 3 | 825€ |
| 22 | Tara Hotel03039510 · Hospitality | 0.6% | 6,159,213€ | +16.0% | 1,789,423€ | 29.1% | 48 | 2,977€ |
| 23 | Anita02428881 · Construction | 0.6% | 6,144,817€ | -8.8% | 1,300,376€ | 21.2% | 42 | 1,403€ |
| 24 | Norma02168871 · Trade | 0.6% | 6,079,547€ | +61.7% | 356,591€ | 5.9% | 41 | 1,560€ |
| 25 | Stole&M.I.02378108 · Trade | 0.6% | 5,745,638€ | +12.3% | 137,802€ | 2.4% | 11 | 1,428€ |
| 26 | Lalatović Travel02750210 · Transport & logistics | 0.5% | 5,373,137€ | +46.7% | 684,268€ | 12.7% | 42 | 1,320€ |
| 27 | Dukley Resort & Spa Kolašin03297357 · Hospitality | 0.5% | 5,026,693€ | +6,347.5% | 266,336€ | 5.3% | 5 | 6,579€ |
| 28 | HTP Vile Oliva02624575 · Hospitality | 0.5% | 5,011,128€ | +11.6% | 1,780,074€ | 35.5% | 55 | 993€ |
| 29 | Podrumar02828499 · Trade | 0.4% | 4,496,157€ | -1.5% | 313,298€ | 7.0% | 10 | 996€ |
| 30 | Doto Mne03633551 · Construction | 0.4% | 4,453,159€ | +209.4% | -147,473€ | -3.3% | 3 | 1,656€ |
| 31 | Rockler Inženjering02373564 · Construction | 0.4% | 4,444,537€ | -2.6% | 303,780€ | 6.8% | 32 | 1,576€ |
| 32 | Radona-Trade02208962 · Trade | 0.4% | 4,191,239€ | -0.5% | 554,568€ | 13.2% | 49 | 1,301€ |
| 33 | S.A.R.D. Inženjering03218783 · Construction | 0.4% | 4,132,655€ | -12.1% | 19,911€ | 0.5% | 67 | 1,510€ |
| 34 | Dobra Priča03070603 · Trade | 0.4% | 4,068,792€ | +53.2% | 172,700€ | 4.2% | 3 | 1,606€ |
| 35 | Recreatours02672375 · Hospitality | 0.4% | 4,058,847€ | -3.2% | 1,707,367€ | 42.1% | 45 | 876€ |
| 36 | Monolith Mne Service03359204 · Trade | 0.4% | 4,054,895€ | -14.1% | 311,482€ | 7.7% | 7 | 1,694€ |
| 37 | Niklanović02160072 · Hospitality | 0.4% | 4,038,096€ | -4.9% | 92,698€ | 2.3% | 67 | 1,426€ |
| 38 | Atlantic Investment02935147 · Trade | 0.4% | 3,998,025€ | +20.5% | 78,932€ | 2.0% | 27 | 1,014€ |
| 39 | Nikšić Guard Security02656841 · Administrative services | 0.4% | 3,995,422€ | +40.6% | 476,112€ | 11.9% | 321 | 821€ |
| 40 | Parking Servis Budva02382784 · Transport & logistics | 0.4% | 3,960,511€ | +16.8% | 513,076€ | 13.0% | 97 | 1,931€ |
| 41 | Frutko - Company02638240 · Trade | 0.4% | 3,910,698€ | +8.4% | 153,204€ | 3.9% | 13 | 1,085€ |
| 42 | Rail Trans Logistic02734125 · Transport & logistics | 0.4% | 3,839,704€ | -17.4% | 231,489€ | 6.0% | 1 | 1,067€ |
| 43 | Vuksanović Plus03013839 · Trade | 0.4% | 3,813,286€ | -8.5% | 127,985€ | 3.4% | 12 | 614€ |
| 44 | Svicomm02168537 · Trade | 0.4% | 3,723,821€ | -0.0% | 324,368€ | 8.7% | 55 | 1,074€ |
| 45 | Montenegro - Cop03071103 · Construction | 0.4% | 3,671,029€ | +93.7% | 119,418€ | 3.3% | 20 | 1,617€ |
| 46 | Sea Star Hotels03537714 · Hospitality | 0.4% | 3,650,946€ | +35.8% | 198,248€ | 5.4% | 32 | 1,651€ |
| 47 | Woow02887738 · Hospitality | 0.4% | 3,630,526€ | +47.1% | 354,718€ | 9.8% | 30 | 1,174€ |
| 48 | Aura Vittalis02819660 · Construction | 0.4% | 3,541,568€ | +10.8% | -35,007€ | -1.0% | 71 | 701€ |
| 49 | Gugi Commerce02301326 · Construction | 0.3% | 3,467,323€ | -6.3% | 29,886€ | 0.9% | 38 | 1,556€ |
| 50 | Izoser Mne03309878 · Construction | 0.3% | 3,377,683€ | +6,528.2% | 191,685€ | 5.7% | 1 | 3,003€ |