Revenue
1.00b€2.6× since 2015
5.7% of Montenegro's revenue
Budva
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.
Municipality · 2025
Year
Overview
Companies
5,552+4,010 since 2015
202.3 per 1,000 residents · Montenegro 57.3
Employees
18,1932.2× since 2015
Largest employer: Budvanska Rivijera (600)
Profit margin
2.7%3.4 pts below average
Total profit: 26.90m€
This municipality 2.7%Montenegro: 6.1%
Payroll cost/emp./mo*
1,169€6% below average
Average per employee, not per company
This municipality 1,169€Montenegro: 1,242€
Revenue and companies since 2015
FinalPreliminary
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
What changed in 2025
Growth is measured on the same companies, which filed for both years.
- Revenue, same companies (4,978)
- 940.42m€ → 959.86m€
- Employees, same companies
- 16,315 → 17,033
- Payroll cost per employee, same companies
- 1,078€ → 1,187€
- Filed for 2025, not for 2024
- 574 companies · 44.74m€
- Filed for 2024, not for 2025
- 1,051 companies, 22.13m€ in 2024
Sectors and who is growing
Revenue by sector
Share of municipal revenue
Share in Montenegro- Hospitality 302.41m€Montenegro: 7.2%30.1%
- Trade 232.11m€Montenegro: 43.8%23.1%
- Construction 153.24m€Montenegro: 11.9%15.3%
- Administrative services 63.67m€Montenegro: 2.3%6.3%
- Arts & entertainment 51.24m€Montenegro: 2.7%5.1%
- Real estate 50.18m€Montenegro: 1.3%5.0%
- Professional services 35.77m€Montenegro: 4.3%3.6%
- Other sectors (10) 115.98m€11.5%
Fastest growing
Revenue change vs 2024, companies with at least 1m€ that year
- Electro Team3.40m€ → 7.47m€+119.8%
- Monolith1.18m€ → 2.29m€+94.8%
- Montenegro - Cop1.90m€ → 3.67m€+93.7%
- Norma3.76m€ → 6.08m€+61.7%
- Galop Inženjering1.25m€ → 2.01m€+60.9%
Largest employers
Employees and payroll cost per employee per month*
- 6001,325€
- 5651,894€
- 4021,250€
- 3541,556€
- 321821€
Development signals and urban projects
- Date not published06 333 25 2538 9 MER BER GROUP D.O.O. BUDVAUTU issued
- Date not published87 montekonstrukt doo budva obavjestenje o javnom objavljivanju poziva za dopunu zahtjevaApplication
- Date not publishedadriatic estate investment doo obavjestenje o javnom objavljivanjuConcept design approved
- Date not publishedblue marlin dooApplication
- Date not publishedblue marlin dooApplication
All companies (5,552)
Ranked by total revenue · Showing 851–900 of 1,051
- 851Herakles Tourism03605183 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -4,910€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 407€
- 852Best Trend Mne03691225 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,182€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 677€
- 853Erkan Lar03718280 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -6,408€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 532€
- 854Gaja Investment Mne03728099 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -15,688€
- Margin
- —
- Employees
- 3
- Payroll cost/emp./mo*
- 434€
- 855Kolcan Mne03710718 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -4,910€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 407€
- 856Logi - Time03409767 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,206€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 674€
- 857Poseidon Health Tourism03603032 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,310€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 674€
- 858Sirin Montenegro03782352 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -2,037€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 859Arsam Montenegro03694372 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -7,323€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 607€
- 860Free Energy Mne02435586 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -8,143€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 670€
- 861Kalađurđević02460777 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -4,100€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 337€
- 862Khalkedon Rare Books03599868 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,059€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 667€
- 863Spectar International Group03197590 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- 0€
- Margin
- —
- Employees
- —
- Payroll cost/emp./mo*
- —
- 864Zeybek03228126 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -11,958€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 928€
- 865Zvezda Chemical Trading03514935 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -16,540€
- Margin
- —
- Employees
- 2
- Payroll cost/emp./mo*
- 680€
- 866Dream Patisserie03577643 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,146€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 867Is Mont - Invest03121259 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -2,777€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 868SEA&SUN03235475 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -9,957€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 671€
- 869Queen Company03036405 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -2,812€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 870First Step02892928 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -290€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 871Mariolan03293963 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -11,194€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 926€
- 872Newday03189988 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -11,860€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 926€
- 873Novo Stovarište Jaz02264749 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -2,035€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 874Via Dekor03373444 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -11,922€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 989€
- 875Marko Company02371871 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,265€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 679€
- 876Aquamarine Montenegro03136566 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- 0€
- Margin
- —
- Employees
- —
- Payroll cost/emp./mo*
- —
- 877Bestdeal&W03348474 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,404€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 677€
- 878Tisaje Curved Glass Sales03376095 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,225€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 677€
- 879Nuka Home Montenegro03439836 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -1,007€
- Margin
- —
- Employees
- —
- Payroll cost/emp./mo*
- —
- 880Tugraandtaha03583414 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- 0€
- Margin
- —
- Employees
- —
- Payroll cost/emp./mo*
- —
- 88155 North03583783 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- 0€
- Margin
- —
- Employees
- —
- Payroll cost/emp./mo*
- —
- 882Janat03228100 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -14,729€
- Margin
- —
- Employees
- 2
- Payroll cost/emp./mo*
- 610€
- 883Monteway03532496 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -11,271€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 928€
- 884Blitz02635640 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,143€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 674€
- 885BKN Company03452972 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,171€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 677€
- 886Black Groupp03587622 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -12,242€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 927€
- 887Omega Corp03325105 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -2,036€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 888Safetech03795942 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -463€
- Margin
- —
- Employees
- 0
- Payroll cost/emp./mo*
- —
- 889BNT Trade03376664 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,375€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 690€
- 890Eentec03747476 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -6,279€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 461€
- 891Egba03380327 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -23,394€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 693€
- 892Ekol Glass03617840 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -2,898€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 893Ekotechnic03604586 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,204€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 678€
- 894Ekskluziv Butik03572455 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -4,053€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 333€
- 895Elitcaj02781336 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -3,612€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 896Eminga02621541 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -2,900€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 897Enaz Construction03728170 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -10,308€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 859€
- 898Ensar Investment 3303703703 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,101€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 675€
- 899Epolit03787001 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- -3,100€
- Margin
- —
- Employees
- 2
- Payroll cost/emp./mo*
- —
- 900Eurolink Automotive and Tourism Company03376290 · TradeRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -8,185€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 677€
* 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 →
Companies in Budva ranked by revenue 2025 →
Source: Tax Administration / CRPSCurrency: EUR