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 501–550 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* |
|---|
| 501 | Kovačević MG02839571 · Manufacturing | <0.1% | 120,350€ | -10.8% | 6,941€ | 5.8% | 7 | 628€ |
| 502 | Loukas02986353 · Trade | <0.1% | 120,104€ | -3.1% | 6,869€ | 5.7% | 1 | 1,130€ |
| 503 | Role Inženjering Ii03031713 · Construction | <0.1% | 119,111€ | -12.5% | 45€ | 0.0% | 9 | 1,085€ |
| 504 | Arhimar02417073 · Professional services | <0.1% | 118,843€ | -18.5% | 48,919€ | 41.2% | 4 | 758€ |
| 505 | Čerović i DR02260107 · Trade | <0.1% | 118,686€ | -9.4% | 716€ | 0.6% | 4 | 677€ |
| 506 | Casa Booker03032523 · Administrative services | <0.1% | 118,178€ | -10.8% | 2,201€ | 1.9% | 6 | 796€ |
| 507 | Vozol Gradnja03695344 · Construction | <0.1% | 117,370€ | +1,367.1% | -13,256€ | -11.3% | 3 | 574€ |
| 508 | Montenegro Property Group03446573 · Real estate | <0.1% | 117,349€ | -15.8% | 6,087€ | 5.2% | 1 | 1,190€ |
| 509 | Adriatic Novi03589412 · Education | <0.1% | 117,167€ | -39.8% | -83,228€ | -71.0% | 13 | 924€ |
| 510 | Bayerm02907020 · Manufacturing | <0.1% | 117,046€ | -16.7% | 1,014€ | 0.9% | 2 | 843€ |
| 511 | Citadela Mne03430227 · Construction | <0.1% | 116,700€ | +35,697.5% | 45,189€ | 38.7% | 1 | 923€ |
| 512 | Agencija za Gazdovanje Gradskom Lukom Herceg Novi02910179 · Real estate | <0.1% | 116,033€ | +9.6% | -10,241€ | -8.8% | 6 | 1,353€ |
| 513 | Zarez02908808 · Professional services | <0.1% | 115,908€ | +5.1% | 5,857€ | 5.1% | 8 | 747€ |
| 514 | Master Frigo02765420 · Manufacturing | <0.1% | 115,450€ | -31.2% | 10,382€ | 9.0% | 4 | 1,762€ |
| 515 | Novi Lav03030415 · Hospitality | <0.1% | 115,302€ | +12.5% | 17,943€ | 15.6% | 3 | 957€ |
| 516 | Viva CG02770148 · Trade | <0.1% | 115,256€ | -18.6% | 26,188€ | 22.7% | 1 | 931€ |
| 517 | Euro Line Travel02867931 · Transport & logistics | <0.1% | 114,745€ | -3.6% | 9,406€ | 8.2% | 3 | 944€ |
| 518 | Familija Company03113248 · Hospitality | <0.1% | 114,483€ | -6.0% | -281€ | -0.2% | 4 | 660€ |
| 519 | Geodata02053357 · Professional services | <0.1% | 114,292€ | +5.1% | -11,563€ | -10.1% | 2 | 1,850€ |
| 520 | Rina Solutions03651142 · Hospitality | <0.1% | 113,365€ | +20.4% | -1,297€ | -1.1% | 5 | 666€ |
| 521 | Intermedica03004821 · Health & social care | <0.1% | 113,349€ | +29.6% | 9,737€ | 8.6% | 5 | 1,245€ |
| 522 | DVD Bijela 202003478734 · Administrative services | <0.1% | 112,478€ | -7.4% | 27,625€ | 24.6% | 14 | 431€ |
| 523 | Veprino03196232 · Hospitality | <0.1% | 112,459€ | +15.8% | 13,077€ | 11.6% | 3 | 616€ |
| 524 | Vučković & Co02924072 · Trade | <0.1% | 112,190€ | -5.3% | -368€ | -0.3% | 2 | 1,171€ |
| 525 | Prevoz Pavlović02977281 · Transport & logistics | <0.1% | 112,068€ | -5.1% | -22,559€ | -20.1% | 6 | 658€ |
| 526 | Oko Boke03271684 · Administrative services | <0.1% | 112,036€ | +49.2% | 1,637€ | 1.5% | 2 | 795€ |
| 527 | Nacionalno Sertifikaciono Tijelo Montecert03073688 · Administrative services | <0.1% | 111,830€ | +3.1% | 14,050€ | 12.6% | 2 | 1,999€ |
| 528 | Rowteam03438244 · Technology | <0.1% | 111,344€ | +137.8% | 77,177€ | 69.3% | 1 | 929€ |
| 529 | Cvijovic Kop03708934 · Construction | <0.1% | 111,043€ | +1,628.3% | 1,430€ | 1.3% | 1 | 3,386€ |
| 530 | Magial02803046 · Manufacturing | <0.1% | 110,887€ | -13.6% | -60,299€ | -54.4% | 7 | 543€ |
| 531 | Tyche03330621 · Trade | <0.1% | 110,789€ | +12.2% | 14,519€ | 13.1% | 2 | 758€ |
| 532 | Vasiljević Company02768461 · Trade | <0.1% | 110,658€ | -38.6% | 1,678€ | 1.5% | 5 | 675€ |
| 533 | Ide Travel02788624 · Administrative services | <0.1% | 109,858€ | +18.1% | 9,855€ | 9.0% | 5 | 1,193€ |
| 534 | Proboka02460190 · Technology | <0.1% | 109,714€ | -3.8% | 3,381€ | 3.1% | 4 | 915€ |
| 535 | Provista Nova03062775 · Manufacturing | <0.1% | 108,928€ | +11.2% | 1,277€ | 1.2% | 3 | 746€ |
| 536 | Eco Prop Montenegro03400077 · Administrative services | <0.1% | 108,685€ | +2.0% | 19,283€ | 17.7% | 2 | 512€ |
| 537 | Fish Computer02686988 · Personal services | <0.1% | 108,659€ | -12.6% | 2,442€ | 2.2% | 3 | 339€ |
| 538 | Small Office02725924 · Professional services | <0.1% | 108,469€ | +0.7% | 6,912€ | 6.4% | 9 | 663€ |
| 539 | M.V. Inžinjering03158101 · Construction | <0.1% | 108,435€ | -18.6% | 6,402€ | 5.9% | 5 | 708€ |
| 540 | Vojvodić Co03037436 · Hospitality | <0.1% | 108,255€ | +40.5% | 37,459€ | 34.6% | 2 | 659€ |
| 541 | Elektronika Centar02653206 · Construction | <0.1% | 107,974€ | -0.6% | 10,906€ | 10.1% | 3 | 629€ |
| 542 | Vujadin Komerc02186527 · Professional services | <0.1% | 107,654€ | -64.5% | -56,961€ | -52.9% | 8 | 741€ |
| 543 | Okitrans Company03307280 · Transport & logistics | <0.1% | 107,334€ | +173.4% | 8,592€ | 8.0% | 2 | — |
| 544 | Dakar02676419 · Trade | <0.1% | 106,709€ | +4.3% | 8,025€ | 7.5% | 2 | 739€ |
| 545 | Mihajlović-Miletić03295524 · Professional services | <0.1% | 106,267€ | +37.1% | 588€ | 0.6% | 5 | 802€ |
| 546 | Milmont02626632 · Personal services | <0.1% | 106,034€ | +11.4% | 14,239€ | 13.4% | 3 | 681€ |
| 547 | Call Agent List03768520 · Administrative services | <0.1% | 105,865€ | No filing for 2024. | -11,028€ | -10.4% | 1 | 1,973€ |
| 548 | Eylul Turizm Insaat03366995 · Construction | <0.1% | 105,644€ | -73.3% | -210,572€ | -199.3% | 13 | 651€ |
| 549 | Bilans KS02877414 · Professional services | <0.1% | 105,525€ | +31.3% | 11,454€ | 10.9% | 2 | 1,138€ |
| 550 | JVD Company03347842 · Trade | <0.1% | 105,436€ | +30.9% | 13,003€ | 12.3% | 3 | 418€ |