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 51–100 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* |
|---|
| 51 | Kara & Vertical Construction03496996 · Construction | 0.3% | 3,274,559€ | +163,727,850.0% | 302,566€ | 9.2% | 1 | 1,311€ |
| 52 | Yes Event02416174 · Professional services | 0.3% | 3,270,554€ | +44.2% | 317,273€ | 9.7% | 14 | 1,725€ |
| 53 | Stratex Management02978229 · Real estate | 0.3% | 3,250,538€ | +5.5% | 259,717€ | 8.0% | 80 | 1,834€ |
| 54 | Mercur Trade International02894645 · Transport & logistics | 0.3% | 3,216,972€ | +2.0% | 183,054€ | 5.7% | 74 | 1,376€ |
| 55 | Zeta Film02005263 · Hospitality | 0.3% | 2,863,684€ | -91.6% | 840,690€ | 29.4% | 13 | 1,659€ |
| 56 | Centro02458195 · Hospitality | 0.3% | 2,845,531€ | +23.5% | 633,288€ | 22.3% | 37 | 1,208€ |
| 57 | Rivulet International03327302 · Trade | 0.3% | 2,818,615€ | +26.2% | 26,230€ | 0.9% | 2 | 1,373€ |
| 58 | Bizard Company03295826 · Construction | 0.3% | 2,771,379€ | +24.6% | 160,184€ | 5.8% | 1 | 4,453€ |
| 59 | Poseidon02832224 · Hospitality | 0.3% | 2,768,935€ | +0.9% | 670,601€ | 24.2% | 56 | 735€ |
| 60 | Obala Rafailovići02958813 · Hospitality | 0.3% | 2,739,063€ | +12.5% | 255,437€ | 9.3% | 41 | 801€ |
| 61 | Stab02961989 · Construction | 0.3% | 2,680,851€ | -30.1% | 121,657€ | 4.5% | 60 | 659€ |
| 62 | Adriatikkoledž03038726 · Education | 0.3% | 2,678,553€ | +6.6% | 78,487€ | 2.9% | 70 | 1,851€ |
| 63 | D.N.F.02399393 · Trade | 0.3% | 2,579,986€ | +16.0% | 87,653€ | 3.4% | 20 | 368€ |
| 64 | Farro Mne03462188 · Hospitality | 0.2% | 2,476,810€ | +44.0% | 37,469€ | 1.5% | 10 | 2,355€ |
| 65 | Kod Zećana Company03063852 · Trade | 0.2% | 2,435,382€ | +4.8% | 36,260€ | 1.5% | 6 | 2,853€ |
| 66 | Hotel Park03610250 · Hospitality | 0.2% | 2,366,930€ | +24.6% | 167,703€ | 7.1% | 17 | 1,977€ |
| 67 | KM Inženjering03400948 · Construction | 0.2% | 2,364,656€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 612,916€ | 25.9% | 1 | — |
| 68 | Nativa02403684 · Trade | 0.2% | 2,316,455€ | +9.4% | 431,239€ | 18.6% | 9 | 2,161€ |
| 69 | Monolith02639459 · Construction | 0.2% | 2,293,176€ | +94.8% | 139,599€ | 6.1% | 22 | 1,059€ |
| 70 | Bello Porto02627248 · Hospitality | 0.2% | 2,254,203€ | +9.2% | 23,718€ | 1.1% | 30 | 1,442€ |
| 71 | Gospoština Lux03037029 · Hospitality | 0.2% | 2,243,451€ | +10.5% | 407,346€ | 18.2% | 38 | 938€ |
| 72 | Laganini03155820 · Hospitality | 0.2% | 2,242,523€ | +6.4% | 513,533€ | 22.9% | 33 | 1,378€ |
| 73 | Mediteran Express02851890 · Transport & logistics | 0.2% | 2,204,341€ | -3.1% | 240,251€ | 10.9% | 62 | 1,199€ |
| 74 | W Touristic03208478 · Administrative services | 0.2% | 2,177,680€ | -70.3% | 10,984€ | 0.5% | 4 | 665€ |
| 75 | Eurasia Tourism03182401 · Administrative services | 0.2% | 2,157,129€ | +18.3% | 172,273€ | 8.0% | 1 | 699€ |
| 76 | Mix Markt 380503360032 · Trade | 0.2% | 2,121,440€ | -16.3% | 107,001€ | 5.0% | 10 | 1,669€ |
| 77 | V&V Investment Group02005344 · Real estate | 0.2% | 2,082,312€ | +188.1% | 620,591€ | 29.8% | 6 | 3,782€ |
| 78 | Stublina03183696 · Construction | 0.2% | 2,077,716€ | -58.0% | 144,005€ | 6.9% | 18 | 2,022€ |
| 79 | Stefan Mitrov Ljubiša02005646 · Education | 0.2% | 2,046,249€ | +8.5% | -6,900€ | -0.3% | 143 | 1,104€ |
| 80 | Adriatic Properties02638495 · Hospitality | 0.2% | 2,040,746€ | +12.0% | -9,525,538€ | -466.8% | 59 | 1,682€ |
| 81 | Maslovar02624125 · Trade | 0.2% | 2,024,529€ | +1.6% | 34,014€ | 1.7% | 7 | 920€ |
| 82 | Tradeunique CG02398311 · Construction | 0.2% | 2,021,516€ | -1.1% | 8,000€ | 0.4% | 8 | 2,049€ |
| 83 | Mediteran Grupa02753103 · Hospitality | 0.2% | 2,017,670€ | -14.7% | 242,568€ | 12.0% | 40 | 1,149€ |
| 84 | Galop Inženjering02388081 · Construction | 0.2% | 2,009,907€ | +60.9% | 92,863€ | 4.6% | 9 | 3,196€ |
| 85 | Monte - Co02714523 · Construction | 0.2% | 2,005,916€ | +108.5% | 116,935€ | 5.8% | 2 | 3,402€ |
| 86 | Applicon Tours Montenegro03066827 · Hospitality | 0.2% | 1,984,150€ | +5.8% | 4,029€ | 0.2% | 4 | 3,812€ |
| 87 | Belka Games Me03418545 · Technology | 0.2% | 1,969,609€ | -39.2% | 76,129€ | 3.9% | 23 | 5,079€ |
| 88 | Porto Budva Company02447746 · Hospitality | 0.2% | 1,964,967€ | +7.9% | 305,223€ | 15.5% | 35 | 1,008€ |
| 89 | Bta02410966 · Administrative services | 0.2% | 1,963,636€ | -2.4% | 9,681€ | 0.5% | 4 | 999€ |
| 90 | Sveti Stefan Hoteli03275108 · Hospitality | 0.2% | 1,928,275€ | +199.7% | 1,102,665€ | 57.2% | 4 | 3,118€ |
| 91 | Emerald Invest03528227 · Construction | 0.2% | 1,875,275€ | +101.2% | 515,493€ | 27.5% | 2 | 1,950€ |
| 92 | I N C02425912 · Hospitality | 0.2% | 1,849,738€ | -4.6% | 209,422€ | 11.3% | 30 | 1,710€ |
| 93 | Top Alco Brands Distribution03200825 · Trade | 0.2% | 1,840,966€ | -26.9% | 33,805€ | 1.8% | 1 | 2,417€ |
| 94 | California Montenegro03058387 · Hospitality | 0.2% | 1,837,499€ | +4.1% | 528€ | 0.0% | 29 | 1,272€ |
| 95 | Imperiall Carević03110982 · Hospitality | 0.2% | 1,836,794€ | +48.5% | -155,919€ | -8.5% | 31 | 1,557€ |
| 96 | First Line Software03413772 · Technology | 0.2% | 1,832,615€ | -37.8% | -81,623€ | -4.5% | 106 | 1,067€ |
| 97 | Avanglion Mne02828855 · Trade | 0.2% | 1,816,022€ | +10.3% | 249,211€ | 13.7% | 20 | 1,449€ |
| 98 | SS Construction03611744 · Construction | 0.2% | 1,815,320€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 433,477€ | 23.9% | 1 | 713€ |
| 99 | Globtour Montenegro02090147 · Administrative services | 0.2% | 1,778,814€ | -4.7% | 21,742€ | 1.2% | 7 | 1,051€ |
| 100 | Infinity Company03083276 · Transport & logistics | 0.2% | 1,778,370€ | -5.4% | 394,392€ | 22.2% | 18 | 1,078€ |