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 2,701
* 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 | Primato P03016455 · Manufacturing | 7.6% | 47,178,122€ | +0.8% | 1,089,531€ | 2.3% | 125 | 928€ |
| 2 | Portonovi Hospitality Management Company03067661 · Hospitality | 6.6% | 41,291,910€ | +9.0% | 1,976,372€ | 4.8% | 355 | 2,340€ |
| 3 | Azmont Investments02893126 · Real estate | 6.4% | 39,574,821€ | -22.9% | 7,520,630€ | 19.0% | 17 | 7,093€ |
| 4 | Škorpion02083442 · Trade | 5.9% | 36,864,784€ | +5.0% | 1,950,062€ | 5.3% | 103 | 1,652€ |
| 5 | Vektra Boka02008238 · Hospitality | 1.9% | 11,669,514€ | +17,747.7% | -7,388,116€ | -63.3% | 10 | 2,313€ |
| 6 | Adriatic 4202700930 · Manufacturing | 1.9% | 11,567,437€ | +93.4% | -5,232,926€ | -45.2% | 93 | 2,866€ |
| 7 | Piles Construction Company03627195 · Construction | 1.5% | 9,491,714€ | +160.2% | 1,256,437€ | 13.2% | 112 | 511€ |
| 8 | Lazure Montenegro03158390 · Hospitality | 1.5% | 9,115,697€ | +17.7% | 191,065€ | 2.1% | 204 | 1,557€ |
| 9 | North Star Mne03227553 · Construction | 1.4% | 8,435,345€ | +167.9% | 581,756€ | 6.9% | 104 | 2,828€ |
| 10 | Primato02961954 · Trade | 1.3% | 8,118,898€ | +20.1% | 149,901€ | 1.8% | 63 | 879€ |
| 11 | Montenegro Hotels02859866 · Hospitality | 1.2% | 7,685,259€ | +6.2% | 1,095,953€ | 14.3% | 110 | 1,916€ |
| 12 | Katunjanin02228874 · Trade | 1.2% | 7,630,814€ | -16.3% | 264,815€ | 3.5% | 41 | 844€ |
| 13 | Rebracommerce02062097 · Agriculture | 1.2% | 7,348,637€ | +21.4% | 511,949€ | 7.0% | 27 | 1,303€ |
| 14 | Portonovi Resort Management Company03067637 · Real estate | 1.2% | 7,244,660€ | -0.4% | 858,374€ | 11.8% | 150 | 1,945€ |
| 15 | Krušo02100452 · Professional services | 1.2% | 7,183,609€ | +20.4% | 662,136€ | 9.2% | 96 | 1,292€ |
| 16 | Igalo02008173 · Hospitality | 1.1% | 6,827,117€ | +4.6% | 1,226,398€ | 18.0% | 130 | 1,308€ |
| 17 | No-Mi02394430 · Transport & logistics | 1.0% | 6,217,790€ | +0.0% | 44,875€ | 0.7% | 83 | 860€ |
| 18 | Vodovod i Kanalizacija02293196 · Energy, water & waste | 1.0% | 6,011,734€ | -2.5% | -317,559€ | -5.3% | 171 | 1,514€ |
| 19 | Čistoća02293200 · Energy, water & waste | 0.9% | 5,603,006€ | +7.1% | 382,835€ | 6.8% | 194 | 1,534€ |
| 20 | Timicom02305852 · Trade | 0.9% | 5,556,274€ | -0.3% | -204,971€ | -3.7% | 32 | 1,998€ |
| 21 | Talija Company02695138 · Hospitality | 0.8% | 4,713,165€ | +10.4% | 345,798€ | 7.3% | 101 | 1,296€ |
| 22 | Imperio Holdings Limited02916916 · Professional services | 0.7% | 4,587,640€ | +58.1% | 1,052,110€ | 22.9% | 22 | 1,580€ |
| 23 | Asmira&Co03229696 · Trade | 0.7% | 4,553,218€ | +102.1% | 196,269€ | 4.3% | 5 | 1,644€ |
| 24 | Blue Line02033356 · Transport & logistics | 0.7% | 4,333,994€ | +1.9% | 1,478,040€ | 34.1% | 74 | 1,178€ |
| 25 | Alkoset02409844 · Agriculture | 0.7% | 4,242,385€ | +3.3% | 360,593€ | 8.5% | 28 | 1,095€ |
| 26 | Boka Adriatic02288460 · Transport & logistics | 0.6% | 3,845,601€ | +33.9% | 3,824€ | 0.1% | 12 | 1,170€ |
| 27 | Perla02332841 · Hospitality | 0.6% | 3,623,578€ | +3.9% | 501,105€ | 13.8% | 75 | 1,141€ |
| 28 | Implemenia03121593 · Professional services | 0.6% | 3,619,461€ | -19.2% | 109,339€ | 3.0% | 26 | 1,180€ |
| 29 | Grbo-MNM02315602 · Trade | 0.6% | 3,522,869€ | -2.7% | 151,852€ | 4.3% | 23 | 1,005€ |
| 30 | Fany Marić - Đukić02389703 · Trade | 0.5% | 3,361,956€ | +9.1% | 219,192€ | 6.5% | 15 | 1,565€ |
| 31 | S & M02217376 · Trade | 0.5% | 3,310,873€ | +1.6% | 116,833€ | 3.5% | 7 | 3,108€ |
| 32 | Vuk Pro Gradnja03742318 · Trade | 0.5% | 3,196,140€ | No filing for 2024. | 224,243€ | 7.0% | 19 | 656€ |
| 33 | Hunguest Hotels Montenegro02405695 · Hospitality | 0.5% | 2,967,834€ | +0.2% | 38,476€ | 1.3% | 82 | 1,266€ |
| 34 | Zožeta02224453 · Trade | 0.5% | 2,874,078€ | +15.6% | 517,666€ | 18.0% | 18 | 1,441€ |
| 35 | Dizicom02199114 · Construction | 0.5% | 2,829,591€ | +38.8% | 218,209€ | 7.7% | 40 | 1,480€ |
| 36 | Vibacom02425726 · Trade | 0.5% | 2,825,355€ | +14.6% | 490,441€ | 17.4% | 16 | 2,286€ |
| 37 | Arascon03461165 · Construction | 0.4% | 2,766,701€ | +250.6% | 230,851€ | 8.3% | 73 | 1,451€ |
| 38 | Bencom02199653 · Professional services | 0.4% | 2,744,860€ | +18.7% | 401,007€ | 14.6% | 56 | 2,477€ |
| 39 | Bokić02649047 · Mining | 0.4% | 2,726,335€ | +24.1% | 192,178€ | 7.0% | 37 | 496€ |
| 40 | Hefesta02967049 · Hospitality | 0.4% | 2,683,924€ | -13.0% | 25,806€ | 1.0% | 69 | 927€ |
| 41 | Company D.A.J.M.I.02434296 · Transport & logistics | 0.4% | 2,656,765€ | +13.2% | 338,969€ | 12.8% | 117 | 764€ |
| 42 | Tas Com02317168 · Trade | 0.4% | 2,638,294€ | +3.3% | 102,067€ | 3.9% | 11 | 667€ |
| 43 | Ndoj Company03328112 · Construction | 0.4% | 2,516,101€ | +61.5% | 331,067€ | 13.2% | 128 | 691€ |
| 44 | Val-Gojković02051664 · Trade | 0.4% | 2,457,416€ | +4.6% | 122,134€ | 5.0% | 15 | 1,089€ |
| 45 | 101 Europe Logistics03371077 · Transport & logistics | 0.4% | 2,456,703€ | +185.3% | 53,537€ | 2.2% | 9 | 765€ |
| 46 | Portonovi Marina Management Company03120325 · Construction | 0.4% | 2,333,325€ | +17.8% | 361,615€ | 15.5% | 20 | 1,664€ |
| 47 | Olympus-Finance Group03016897 · Trade | 0.4% | 2,315,371€ | +81.3% | 54,457€ | 2.4% | 14 | 771€ |
| 48 | Perla RC03008789 · Administrative services | 0.4% | 2,274,887€ | +16.3% | 188,965€ | 8.3% | 18 | 1,192€ |
| 49 | Krog Plus03320065 · Trade | 0.3% | 2,139,815€ | -10.6% | 149,327€ | 7.0% | 1 | 1,475€ |
| 50 | Alpmont02016389 · Real estate | 0.3% | 2,041,223€ | +23.9% | 2,279€ | 0.1% | 8 | 2,716€ |