Revenue
2.2% of Montenegro's revenue
554 companies earned 383.48m€ in 2025, 2.2% of all company revenue in Montenegro. It ranks 9 of 25 municipalities by revenue. Revenue has grown 2.6× since 2015.
2.2% of Montenegro's revenue
29.8 per 1,000 residents · Montenegro 57.3
Largest employer: Nemesis (285)
Total profit: 21.31m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 149,155,529€ | 268 |
| 2016 | 149,310,616€ | 274 |
| 2017 | 179,234,679€ | 313 |
| 2018 | 205,232,468€ | 346 |
| 2019 | 223,282,200€ | 381 |
| 2020 | 205,389,027€ | 413 |
| 2021 | 205,457,300€ | 442 |
| 2022 | 256,028,736€ | 462 |
| 2023 | 288,977,440€ | 485 |
| 2024 | 332,996,004€ | 531 |
| 2025 (Preliminary) | 383,475,768€ | 554 |
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
Ranked by total revenue · Showing 1–50 of 554
* 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 | Eurozox02711028 · Construction | 14.4% | 55,323,903€ | +40.7% | 1,845,407€ | 3.3% | 121 | 2,181€ |
| 2 | Next Auto02861194 · Trade | 8.2% | 31,407,415€ | +33.9% | 2,562,304€ | 8.2% | 227 | 1,490€ |
| 3 | Ataco - Trgovina i Zastupanja02672642 · Trade | 7.2% | 27,563,737€ | +9.1% | 878,198€ | 3.2% | 105 | 1,497€ |
| 4 | Farmont M.P.02327066 · Trade | 4.1% | 15,868,701€ | +9.8% | 1,023,704€ | 6.5% | 48 | 2,642€ |
| 5 | Montecco Inc02306689 · Manufacturing | 4.0% | 15,333,624€ | +15.5% | 291,629€ | 1.9% | 98 | 1,448€ |
| 6 | 3.8% | 14,760,692€ | +5.3% | 955,049€ | 6.5% | 119 | 777€ | |
| 7 | Roma Company02740338 · Trade | 3.5% | 13,363,899€ | +16.3% | 618,444€ | 4.6% | 19 | 2,307€ |
| 8 | Nemesis02636603 · Hospitality | 2.7% | 10,508,526€ | -1.2% | 505,656€ | 4.8% | 285 | 931€ |
| 9 | Naša Farma03640523 · Agriculture | 2.3% | 8,647,501€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 342,931€ | 4.0% | 15 | 1,263€ |
| 10 | Tehnocolor02422492 · Trade | 1.9% | 7,458,802€ | +24.0% | 306,097€ | 4.1% | 13 | 1,278€ |
| 11 | Don Don02757257 · Manufacturing | 1.8% | 6,755,614€ | +10.0% | 633,325€ | 9.4% | 43 | 1,303€ |
| 12 | Lamex02816164 · Manufacturing | 1.5% | 5,729,897€ | +62.0% | 286,664€ | 5.0% | 59 | 1,365€ |
| 13 | Mondal Industrija03103919 · Manufacturing | 1.4% | 5,216,333€ | +280.0% | 109,748€ | 2.1% | 31 | 2,308€ |
| 14 | Gradnja-Promet02055635 · Construction | 1.4% | 5,189,967€ | +6.9% | 186,472€ | 3.6% | 48 | 1,373€ |
| 15 | Dewaco M03146316 · Trade | 1.3% | 4,910,040€ | +32.9% | 25,771€ | 0.5% | 11 | 1,956€ |
| 16 | Teknoxgroup Crna Gora02312450 · Trade | 1.2% | 4,555,886€ | -15.7% | 45,460€ | 1.0% | 13 | 2,729€ |
| 17 | Agromarket CG02631512 · Trade | 1.2% | 4,446,541€ | +6.5% | 519,397€ | 11.7% | 11 | 1,739€ |
| 18 | Free Technics02431092 · Trade | 1.1% | 4,341,383€ | +13.7% | 675,696€ | 15.6% | 14 | 1,458€ |
| 19 | Taratrans02465191 · Transport & logistics | 1.1% | 4,263,120€ | +16.7% | 181,295€ | 4.3% | 38 | 861€ |
| 20 | Home Invest03241904 · Construction | 1.0% | 4,000,575€ | +111.1% | 1,605,906€ | 40.1% | 1 | 1,856€ |
| 21 | Vujović VR02371839 · Transport & logistics | 1.0% | 3,968,680€ | +8.9% | 840,352€ | 21.2% | 48 | 1,676€ |
| 22 | Ing Invest02258633 · Professional services | 1.0% | 3,913,350€ | +59.1% | 325,992€ | 8.3% | 75 | 1,812€ |
| 23 | Garmin02453479 · Manufacturing | 0.9% | 3,598,909€ | +7.9% | 491,873€ | 13.7% | 27 | 1,447€ |
| 24 | Mezon02132419 · Construction | 0.9% | 3,571,293€ | -20.7% | 776,183€ | 21.7% | 35 | 1,080€ |
| 25 | Good Food02948435 · Trade | 0.9% | 3,345,426€ | +89.8% | 532,435€ | 15.9% | 21 | 1,091€ |
| 26 | G M G Montenegro02330890 · Manufacturing | 0.8% | 3,160,637€ | +17.1% | 276,058€ | 8.7% | 13 | 1,062€ |
| 27 | Doding02106183 · Manufacturing | 0.8% | 2,891,198€ | +11.2% | 65,867€ | 2.3% | 78 | 665€ |
| 28 | NG Company03028275 · Agriculture | 0.7% | 2,827,275€ | +46.8% | 93,579€ | 3.3% | 9 | 741€ |
| 29 | Crnagoracoop NB02425785 · Manufacturing | 0.7% | 2,812,864€ | +46.2% | 20,360€ | 0.7% | 20 | 781€ |
| 30 | Šišković02194619 · Manufacturing | 0.7% | 2,735,304€ | +6.5% | 601,478€ | 22.0% | 70 | 1,038€ |
| 31 | Maljat Stone02000466 · Manufacturing | 0.7% | 2,513,295€ | +19.0% | 371,852€ | 14.8% | 66 | 1,350€ |
| 32 | Scania Crna Gora03338347 · Trade | 0.6% | 2,456,324€ | +42.9% | 73,120€ | 3.0% | 4 | 3,556€ |
| 33 | Zeta Energy02794624 · Energy, water & waste | 0.6% | 2,447,360€ | +4.2% | 1,097,416€ | 44.8% | 14 | 3,692€ |
| 34 | Cermat MN02907780 · Trade | 0.6% | 2,279,420€ | +4.1% | 22,578€ | 1.0% | 22 | 1,431€ |
| 35 | Valpek Company03291359 · Manufacturing | 0.6% | 2,217,767€ | +5.4% | 267,276€ | 12.1% | 49 | 895€ |
| 36 | Timing02684543 · Professional services | 0.6% | 2,114,971€ | -43.5% | 88,159€ | 4.2% | 33 | 1,588€ |
| 37 | Vodovod i Kanalizacija02877864 · Energy, water & waste | 0.5% | 1,980,341€ | +29.7% | 210,429€ | 10.6% | 65 | 1,342€ |
| 38 | Monte Media Fzco03449025 · Administrative services | 0.5% | 1,963,016€ | +11.8% | -495,368€ | -25.2% | 2 | 7,151€ |
| 39 | Monting Gradnja03395049 · Construction | 0.5% | 1,961,436€ | +167.9% | 3,895€ | 0.2% | 8 | 1,029€ |
| 40 | Montemlin Šajo02343312 · Manufacturing | 0.5% | 1,944,121€ | +9.0% | 227,042€ | 11.7% | 10 | 1,181€ |
| 41 | Lipa Media03406474 · Arts & entertainment | 0.5% | 1,826,615€ | +15.6% | -1,644,811€ | -90.0% | 100 | 1,834€ |
| 42 | Volmont MD02411806 · Trade | 0.5% | 1,763,748€ | +14.3% | 493,859€ | 28.0% | 10 | 1,393€ |
| 43 | Sač02356554 · Trade | 0.4% | 1,683,081€ | +5.6% | 38,859€ | 2.3% | 6 | 1,463€ |
| 44 | Komunalno02875985 · Energy, water & waste | 0.4% | 1,552,509€ | +23.6% | 48,633€ | 3.1% | 36 | 1,938€ |
| 45 | Fragmat CG02850575 · Manufacturing | 0.4% | 1,536,722€ | -9.6% | 66,180€ | 4.3% | 6 | 1,456€ |
| 46 | Farmax03383466 · Trade | 0.4% | 1,383,084€ | +39.6% | 6,005€ | 0.4% | 4 | 3,639€ |
| 47 | Elektromont02118777 · Manufacturing | 0.3% | 1,329,834€ | +11.2% | 35,294€ | 2.7% | 20 | 685€ |
| 48 | Artinvest Montenegro03054080 · Trade | 0.3% | 1,278,061€ | -4.2% | 10,432€ | 0.8% | 11 | 1,306€ |
| 49 | Higijena Prostora02455986 · Administrative services | 0.3% | 1,217,491€ | +36.6% | 84,292€ | 6.9% | 25 | 1,510€ |
| 50 | Kroling02251841 · Construction | 0.3% | 1,140,868€ | -75.7% | 152,066€ | 13.3% | 5 | 2,435€ |