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 101–150 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* |
|---|
| 101 | Sportski Centar Igalo02252929 · Arts & entertainment | 0.1% | 909,406€ | -2.1% | 5,000€ | 0.5% | 38 | 1,234€ |
| 102 | Radpromet02231646 · Trade | 0.1% | 909,324€ | -8.3% | -19,091€ | -2.1% | 9 | 1,253€ |
| 103 | Javni Radio Difuzni Servis Radio Televizija Herceg Novi02033429 · Arts & entertainment | 0.1% | 907,313€ | +26.4% | 83,194€ | 9.2% | 43 | 1,358€ |
| 104 | E3 Group03424448 · Construction | 0.1% | 904,203€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -38,690€ | -4.3% | 3 | 800€ |
| 105 | MID.COM03593169 · Manufacturing | 0.1% | 861,154€ | +78.1% | 100,928€ | 11.7% | 20 | 1,149€ |
| 106 | Mantis03036464 · Construction | 0.1% | 856,358€ | -17.1% | 110,867€ | 12.9% | 18 | 1,463€ |
| 107 | Imperio Service03107736 · Arts & entertainment | 0.1% | 852,202€ | +29.3% | 314,736€ | 36.9% | 22 | 1,401€ |
| 108 | Društvo za Izgradnju Vodovodne i Kanalizacione Infrastrukture u Opštini02892677 · Construction | 0.1% | 844,292€ | +10.2% | -233,285€ | -27.6% | 7 | 2,479€ |
| 109 | Role Inženjering02437783 · Construction | 0.1% | 841,970€ | -7.3% | 36,890€ | 4.4% | 10 | 1,081€ |
| 110 | Živanić02292688 · Hospitality | 0.1% | 837,967€ | +10.2% | 179,585€ | 21.4% | 18 | 620€ |
| 111 | Olimpus03083837 · Administrative services | 0.1% | 832,855€ | +130.6% | 4,634€ | 0.6% | 3 | 585€ |
| 112 | SQR03391604 · Hospitality | 0.1% | 829,268€ | +9.1% | -39,745€ | -4.8% | 46 | 613€ |
| 113 | Mik - Mrvaljević i Drugi02332353 · Hospitality | 0.1% | 825,737€ | -3.8% | 79,592€ | 9.6% | 14 | 1,122€ |
| 114 | Ilijada Commerce03448070 · Hospitality | 0.1% | 823,605€ | +15.0% | 124,886€ | 15.2% | 9 | 918€ |
| 115 | MDL Mne03208354 · Transport & logistics | 0.1% | 822,720€ | -12.5% | 65,221€ | 7.9% | 15 | 1,416€ |
| 116 | Finestra Pro03238938 · Hospitality | 0.1% | 801,229€ | +27.3% | 6,009€ | 0.7% | 17 | 934€ |
| 117 | C - Vračar02008408 · Real estate | 0.1% | 769,374€ | +138.7% | -251,342€ | -32.7% | 1 | 15,317€ |
| 118 | Bašić02376580 · Trade | 0.1% | 769,012€ | +3.4% | 52,379€ | 6.8% | 14 | 939€ |
| 119 | Linea Italiana03188574 · Trade | 0.1% | 749,063€ | +5.3% | 87,452€ | 11.7% | 7 | 1,463€ |
| 120 | Correct Company03268225 · Construction | 0.1% | 742,661€ | -16.0% | 115,950€ | 15.6% | 11 | 2,224€ |
| 121 | Black Mountain Trust02220849 · Trade | 0.1% | 739,635€ | +27.3% | 7,401€ | 1.0% | 11 | 1,178€ |
| 122 | Mistic Company02887657 · Hospitality | 0.1% | 708,722€ | +17.0% | 118,212€ | 16.7% | 18 | 734€ |
| 123 | Legasistem02450607 · Trade | 0.1% | 686,105€ | -23.8% | 11,216€ | 1.6% | 3 | 871€ |
| 124 | Igalopromet02069962 · Construction | 0.1% | 683,446€ | -14.6% | 68,413€ | 10.0% | 14 | 637€ |
| 125 | Grifone International02777983 · Hospitality | 0.1% | 670,665€ | +0.5% | -14,866€ | -2.2% | 25 | 943€ |
| 126 | Adelaida03356400 · Trade | 0.1% | 669,549€ | +34.6% | 60,150€ | 9.0% | 12 | 981€ |
| 127 | Megatron02218968 · Construction | 0.1% | 667,485€ | -62.4% | 42,170€ | 6.3% | 12 | 1,000€ |
| 128 | Technoclima Mare02406705 · Trade | 0.1% | 663,174€ | +1.9% | 108,568€ | 16.4% | 1 | 2,540€ |
| 129 | Dolphin02388464 · Administrative services | 0.1% | 655,857€ | -6.9% | 16,857€ | 2.6% | 11 | 1,449€ |
| 130 | Connect Travel02759454 · Administrative services | 0.1% | 652,756€ | +16.7% | 4,694€ | 0.7% | 3 | 928€ |
| 131 | Martins Company03543854 · Hospitality | 0.1% | 648,648€ | +57.0% | 17,333€ | 2.7% | 4 | 3,833€ |
| 132 | Centar Novi03067360 · Real estate | 0.1% | 640,007€ | +2.8% | 2,128€ | 0.3% | 14 | 930€ |
| 133 | Baldo Company02904535 · Manufacturing | 0.1% | 634,925€ | -24.7% | 83,660€ | 13.2% | 11 | 675€ |
| 134 | Top Brands Montenegro03413926 · Trade | 0.1% | 628,610€ | +78.6% | -42,855€ | -6.8% | 1 | 677€ |
| 135 | European Outsourcing Agency03064107 · Professional services | 0.1% | 623,259€ | +32.4% | 113,963€ | 18.3% | 6 | 1,730€ |
| 136 | Tiliafarm02104024 · Trade | <0.1% | 616,160€ | +1.1% | 21,732€ | 3.5% | 8 | 695€ |
| 137 | Ogurlić02268027 · Trade | <0.1% | 606,137€ | +14.1% | 49,588€ | 8.2% | 30 | — |
| 138 | N o V i F A R M02360888 · Trade | <0.1% | 603,999€ | +1.5% | 7,894€ | 1.3% | 9 | 879€ |
| 139 | Aquamont02679469 · Construction | <0.1% | 594,378€ | -27.3% | -691,481€ | -116.3% | 18 | 2,428€ |
| 140 | Food Concept Solutions03223132 · Hospitality | <0.1% | 591,148€ | +32.8% | 15,004€ | 2.5% | 21 | 602€ |
| 141 | Ara Nikšić03182851 · Hospitality | <0.1% | 580,677€ | -5.2% | 11,753€ | 2.0% | 18 | 1,109€ |
| 142 | BK Vajs03087549 · Construction | <0.1% | 579,045€ | +11.8% | 84,853€ | 14.7% | 14 | 917€ |
| 143 | BWT Invest03408043 · Construction | <0.1% | 571,216€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 105,451€ | 18.5% | 1 | 675€ |
| 144 | Obradović - Brgija i Ortaci02332345 · Hospitality | <0.1% | 569,546€ | +10.0% | 99,429€ | 17.5% | 12 | 891€ |
| 145 | Tehnovi03338720 · Technology | <0.1% | 566,584€ | +44.6% | 20,668€ | 3.6% | 15 | 1,930€ |
| 146 | Šušić02124190 · Manufacturing | <0.1% | 564,225€ | -9.9% | 20,504€ | 3.6% | 28 | 661€ |
| 147 | Capital Business Solutions03308138 · Hospitality | <0.1% | 556,834€ | -4.0% | 17,913€ | 3.2% | 14 | 1,169€ |
| 148 | Marić Nautica03234517 · Transport & logistics | <0.1% | 548,186€ | +286.6% | -42,113€ | -7.7% | 3 | 1,118€ |
| 149 | Vujnović02441136 · Transport & logistics | <0.1% | 547,705€ | -22.4% | 9,426€ | 1.7% | 7 | 2,111€ |
| 150 | Castel Savina02952564 · Manufacturing | <0.1% | 545,748€ | +22.5% | 92,985€ | 17.0% | 6 | 1,213€ |