Revenue
3.5% of Montenegro's revenue
2,701 companies earned 622.11m€ in 2025, 3.5% of all company revenue in Montenegro. It ranks 6 of 25 municipalities by revenue. Revenue has grown 3.3× since 2015.
3.5% of Montenegro's revenue
87.6 per 1,000 residents · Montenegro 57.3
Largest employer: Portonovi Hospitality Management Company (355)
Total profit: 14.92m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 186,748,143€ | 1,096 |
| 2016 | 238,411,668€ | 1,158 |
| 2017 | 256,635,932€ | 1,236 |
| 2018 | 330,861,351€ | 1,347 |
| 2019 | 472,263,023€ | 1,508 |
| 2020 | 281,384,588€ | 1,616 |
| 2021 | 298,013,020€ | 1,775 |
| 2022 | 478,145,632€ | 2,226 |
| 2023 | 519,343,062€ | 2,536 |
| 2024 | 586,186,307€ | 2,626 |
| 2025 (Preliminary) | 622,105,532€ | 2,701 |
The number of companies jumped most in 2022: from 1,775 to 2,226.
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 486
* 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 | Škorpion02083442 · Trade | 5.9% | 36,864,784€ | +5.0% | 1,950,062€ | 5.3% | 103 | 1,652€ |
| 2 | Primato02961954 · Trade | 1.3% | 8,118,898€ | +20.1% | 149,901€ | 1.8% | 63 | 879€ |
| 3 | Katunjanin02228874 · Trade | 1.2% | 7,630,814€ | -16.3% | 264,815€ | 3.5% | 41 | 844€ |
| 4 | Timicom02305852 · Trade | 0.9% | 5,556,274€ | -0.3% | -204,971€ | -3.7% | 32 | 1,998€ |
| 5 | Asmira&Co03229696 · Trade | 0.7% | 4,553,218€ | +102.1% | 196,269€ | 4.3% | 5 | 1,644€ |
| 6 | Grbo-MNM02315602 · Trade | 0.6% | 3,522,869€ | -2.7% | 151,852€ | 4.3% | 23 | 1,005€ |
| 7 | Fany Marić - Đukić02389703 · Trade | 0.5% | 3,361,956€ | +9.1% | 219,192€ | 6.5% | 15 | 1,565€ |
| 8 | S & M02217376 · Trade | 0.5% | 3,310,873€ | +1.6% | 116,833€ | 3.5% | 7 | 3,108€ |
| 9 | Vuk Pro Gradnja03742318 · Trade | 0.5% | 3,196,140€ | No filing for 2024. | 224,243€ | 7.0% | 19 | 656€ |
| 10 | Zožeta02224453 · Trade | 0.5% | 2,874,078€ | +15.6% | 517,666€ | 18.0% | 18 | 1,441€ |
| 11 | Vibacom02425726 · Trade | 0.5% | 2,825,355€ | +14.6% | 490,441€ | 17.4% | 16 | 2,286€ |
| 12 | Tas Com02317168 · Trade | 0.4% | 2,638,294€ | +3.3% | 102,067€ | 3.9% | 11 | 667€ |
| 13 | Val-Gojković02051664 · Trade | 0.4% | 2,457,416€ | +4.6% | 122,134€ | 5.0% | 15 | 1,089€ |
| 14 | Olympus-Finance Group03016897 · Trade | 0.4% | 2,315,371€ | +81.3% | 54,457€ | 2.4% | 14 | 771€ |
| 15 | Krog Plus03320065 · Trade | 0.3% | 2,139,815€ | -10.6% | 149,327€ | 7.0% | 1 | 1,475€ |
| 16 | Eco Fruit Herceg Novi03379221 · Trade | 0.3% | 1,784,706€ | +12.4% | 29,300€ | 1.6% | 13 | 523€ |
| 17 | Jelej02191059 · Trade | 0.2% | 1,414,762€ | +11.3% | 98,290€ | 6.9% | 25 | 1,483€ |
| 18 | Feroplet02194953 · Trade | 0.2% | 1,400,392€ | -10.6% | 31,725€ | 2.3% | 15 | 1,082€ |
| 19 | Nektar Natura02404940 · Trade | 0.2% | 1,386,651€ | +3.9% | 126,848€ | 9.1% | 7 | 1,332€ |
| 20 | Vuković i Ortaci02340216 · Trade | 0.2% | 1,347,885€ | +19.9% | 136,919€ | 10.2% | 7 | 711€ |
| 21 | TTS-Kompas02086964 · Trade | 0.2% | 1,308,759€ | +3.8% | 23,899€ | 1.8% | 11 | 1,282€ |
| 22 | Achillea02860023 · Trade | 0.2% | 1,274,462€ | +6.4% | 37,095€ | 2.9% | 6 | 1,994€ |
| 23 | GRK Company02275520 · Trade | 0.2% | 1,255,769€ | +33.8% | 38,206€ | 3.0% | 4 | — |
| 24 | DNS Nautika03171493 · Trade | 0.2% | 1,233,003€ | +31.1% | 83,201€ | 6.7% | 13 | 1,168€ |
| 25 | Boy Iv02313065 · Trade | 0.2% | 1,045,200€ | +0.7% | 87,914€ | 8.4% | 18 | 1,000€ |
| 26 | Vetama03275183 · Trade | 0.1% | 915,671€ | -10.9% | 79,925€ | 8.7% | 1 | 1,254€ |
| 27 | Radpromet02231646 · Trade | 0.1% | 909,324€ | -8.3% | -19,091€ | -2.1% | 9 | 1,253€ |
| 28 | Bašić02376580 · Trade | 0.1% | 769,012€ | +3.4% | 52,379€ | 6.8% | 14 | 939€ |
| 29 | Linea Italiana03188574 · Trade | 0.1% | 749,063€ | +5.3% | 87,452€ | 11.7% | 7 | 1,463€ |
| 30 | Black Mountain Trust02220849 · Trade | 0.1% | 739,635€ | +27.3% | 7,401€ | 1.0% | 11 | 1,178€ |
| 31 | Legasistem02450607 · Trade | 0.1% | 686,105€ | -23.8% | 11,216€ | 1.6% | 3 | 871€ |
| 32 | Adelaida03356400 · Trade | 0.1% | 669,549€ | +34.6% | 60,150€ | 9.0% | 12 | 981€ |
| 33 | Technoclima Mare02406705 · Trade | 0.1% | 663,174€ | +1.9% | 108,568€ | 16.4% | 1 | 2,540€ |
| 34 | Top Brands Montenegro03413926 · Trade | 0.1% | 628,610€ | +78.6% | -42,855€ | -6.8% | 1 | 677€ |
| 35 | Tiliafarm02104024 · Trade | <0.1% | 616,160€ | +1.1% | 21,732€ | 3.5% | 8 | 695€ |
| 36 | Ogurlić02268027 · Trade | <0.1% | 606,137€ | +14.1% | 49,588€ | 8.2% | 30 | — |
| 37 | N o V i F A R M02360888 · Trade | <0.1% | 603,999€ | +1.5% | 7,894€ | 1.3% | 9 | 879€ |
| 38 | Lungomare 03103447235 · Trade | <0.1% | 488,924€ | +14.8% | 7,910€ | 1.6% | 7 | 721€ |
| 39 | Orlando-M Company03616096 · Trade | <0.1% | 488,242€ | +178.4% | 87,769€ | 18.0% | 3 | 1,009€ |
| 40 | Očs Kuburić Ii03044980 · Trade | <0.1% | 462,526€ | +17.1% | 41,923€ | 9.1% | 9 | 1,135€ |
| 41 | Ozon02408872 · Trade | <0.1% | 454,607€ | +25.4% | 44,936€ | 9.9% | 9 | 1,126€ |
| 42 | Marincolor02347024 · Trade | <0.1% | 433,318€ | +7.9% | 21,312€ | 4.9% | 3 | 1,308€ |
| 43 | Lucky Company Vuković03177653 · Trade | <0.1% | 428,704€ | +8.9% | 18,115€ | 4.2% | 3 | 452€ |
| 44 | Trgoflora03423042 · Trade | <0.1% | 423,364€ | +84.9% | 155,116€ | 36.6% | 5 | 1,059€ |
| 45 | Mira-Jova02457466 · Trade | <0.1% | 416,429€ | -8.3% | 21,936€ | 5.3% | 6 | 760€ |
| 46 | Vipex02190516 · Trade | <0.1% | 411,433€ | -31.5% | -95,106€ | -23.1% | 23 | 936€ |
| 47 | Koves Plus03095690 · Trade | <0.1% | 409,155€ | +14.0% | 10,395€ | 2.5% | 5 | 675€ |
| 48 | Montens02414767 · Trade | <0.1% | 404,375€ | -8.8% | -2,641€ | -0.7% | 1 | 2,582€ |
| 49 | Radulović Company02268868 · Trade | <0.1% | 402,045€ | +27.1% | 66,645€ | 16.6% | 8 | 1,565€ |
| 50 | Spectar Commerce - Trend03354865 · Trade | <0.1% | 383,577€ | -62.3% | -29,324€ | -7.6% | 3 | 1,928€ |