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 151–200 of 347
* 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* |
|---|
| 151 | Ellcoffee03383881 · Hospitality | <0.1% | 97,092€ | -11.9% | -26,060€ | -26.8% | 8 | 761€ |
| 152 | Formaggio03134016 · Hospitality | <0.1% | 96,607€ | +41.5% | 8,925€ | 9.2% | 3 | 772€ |
| 153 | MMS CO.03412962 · Hospitality | <0.1% | 95,379€ | -16.1% | -9,433€ | -9.9% | 3 | 882€ |
| 154 | Primo02809613 · Hospitality | <0.1% | 92,872€ | +140.0% | 845€ | 0.9% | 2 | 2,078€ |
| 155 | Kafedžija03548139 · Hospitality | <0.1% | 91,796€ | +27.9% | -7,518€ | -8.2% | 1 | 2,748€ |
| 156 | Maksmore03555194 · Hospitality | <0.1% | 90,484€ | -58.0% | -16,531€ | -18.3% | 6 | 433€ |
| 157 | Spaić Family03123375 · Hospitality | <0.1% | 90,390€ | -11.8% | -461€ | -0.5% | 5 | 604€ |
| 158 | Tourinvest02350190 · Hospitality | <0.1% | 89,258€ | +3.8% | 3,365€ | 3.8% | 3 | 540€ |
| 159 | Tondo02354446 · Hospitality | <0.1% | 89,251€ | +6.7% | 10,366€ | 11.6% | 3 | 1,012€ |
| 160 | Nijagara-0902850630 · Hospitality | <0.1% | 89,003€ | +1.5% | 8,635€ | 9.7% | 3 | 929€ |
| 161 | Bbplaza03762181 · Hospitality | <0.1% | 88,103€ | No filing for 2024. | 9,408€ | 10.7% | 1 | 462€ |
| 162 | Juventur02341409 · Hospitality | <0.1% | 87,066€ | -59.8% | 26,747€ | 30.7% | 2 | 984€ |
| 163 | Etage Vista03163482 · Hospitality | <0.1% | 84,766€ | +260.2% | -10,070€ | -11.9% | 4 | 1,063€ |
| 164 | Vagon03263282 · Hospitality | <0.1% | 82,777€ | -1.0% | -34,570€ | -41.8% | 5 | 419€ |
| 165 | Dzodi03636518 · Hospitality | <0.1% | 82,597€ | +52.5% | -2,270€ | -2.7% | 5 | 622€ |
| 166 | Ožegović Family03354695 · Hospitality | <0.1% | 77,995€ | -39.1% | -1,427€ | -1.8% | 5 | 674€ |
| 167 | Poki 2703486206 · Hospitality | <0.1% | 77,602€ | +13.6% | -7,872€ | -10.1% | 2 | 670€ |
| 168 | Montemar03217337 · Hospitality | <0.1% | 74,104€ | +249.1% | -11,530€ | -15.6% | 2 | — |
| 169 | Ratatui03438252 · Hospitality | <0.1% | 73,719€ | +54.8% | -14,245€ | -19.3% | 3 | 615€ |
| 170 | Ascension03560287 · Hospitality | <0.1% | 73,704€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 35,563€ | 48.3% | 2 | 711€ |
| 171 | Adam & Eva03647609 · Hospitality | <0.1% | 73,467€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -45,944€ | -62.5% | 5 | 596€ |
| 172 | Malo Selo03204235 · Hospitality | <0.1% | 72,016€ | -32.8% | -34,826€ | -48.4% | 3 | 967€ |
| 173 | Fordewind Nik03577384 · Hospitality | <0.1% | 70,854€ | +971.6% | 14,456€ | 20.4% | 2 | 616€ |
| 174 | Portidjena Vista03643999 · Hospitality | <0.1% | 70,507€ | +65.2% | 6,621€ | 9.4% | 3 | 501€ |
| 175 | Pretorian03396959 · Hospitality | <0.1% | 70,069€ | -4.3% | 895€ | 1.3% | 5 | 412€ |
| 176 | M&M Holdings03767078 · Hospitality | <0.1% | 65,590€ | No filing for 2024. | 2,115€ | 3.2% | 2 | 914€ |
| 177 | Dream Trope03356396 · Hospitality | <0.1% | 64,966€ | +6.6% | -11,868€ | -18.3% | 5 | 594€ |
| 178 | Winter Flower03531015 · Hospitality | <0.1% | 62,813€ | -6.8% | 2,413€ | 3.8% | 3 | 622€ |
| 179 | Vila Kukoljac02410729 · Hospitality | <0.1% | 60,188€ | -23.3% | -5,344€ | -8.9% | 4 | 754€ |
| 180 | Bura Company03357546 · Hospitality | <0.1% | 58,215€ | +12.6% | 3,234€ | 5.6% | 2 | 694€ |
| 181 | Ogi Premijer03061612 · Hospitality | <0.1% | 57,272€ | +124.0% | 5,713€ | 10.0% | 5 | — |
| 182 | Keystone Montenegro02767112 · Hospitality | <0.1% | 57,180€ | +773.0% | -66,739€ | -116.7% | 3 | 847€ |
| 183 | Ukusno Mesto03596583 · Hospitality | <0.1% | 56,554€ | +33.4% | -14,446€ | -25.5% | 3 | 673€ |
| 184 | Braca Spaic03758257 · Hospitality | <0.1% | 55,253€ | No filing for 2024. | 9,831€ | 17.8% | 3 | 653€ |
| 185 | Buradi03272044 · Hospitality | <0.1% | 54,308€ | +41.6% | -15,658€ | -28.8% | 2 | 357€ |
| 186 | Dim Food03570371 · Hospitality | <0.1% | 54,064€ | +55.3% | 3,885€ | 7.2% | 3 | — |
| 187 | Tepsei03699277 · Hospitality | <0.1% | 53,779€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,958€ | -27.8% | 4 | 536€ |
| 188 | N.T. Communication02446545 · Hospitality | <0.1% | 52,335€ | +203.5% | 16,679€ | 31.9% | 1 | 1,231€ |
| 189 | 101 Caffe03700542 · Hospitality | <0.1% | 51,388€ | +5,214.2% | -12,675€ | -24.7% | 3 | 735€ |
| 190 | Fratria03499979 · Hospitality | <0.1% | 51,007€ | +24.2% | 5,511€ | 10.8% | 2 | 425€ |
| 191 | Džoli03260917 · Hospitality | <0.1% | 50,829€ | -21.9% | -9,041€ | -17.8% | 3 | 880€ |
| 192 | Pargo - M02737825 · Hospitality | <0.1% | 49,872€ | +12.8% | -15,395€ | -30.9% | 3 | 423€ |
| 193 | Šiljak Company03359131 · Hospitality | <0.1% | 49,647€ | +51.6% | -84,175€ | -169.5% | 5 | 719€ |
| 194 | Radiobit03552683 · Hospitality | <0.1% | 49,053€ | +27.7% | 8,144€ | 16.6% | 3 | 361€ |
| 195 | Valvex02804867 · Hospitality | <0.1% | 48,699€ | -26.1% | 7,501€ | 15.4% | 2 | 528€ |
| 196 | Pijavica Company03721817 · Hospitality | <0.1% | 47,596€ | No filing for 2024. | 863€ | 1.8% | 3 | 618€ |
| 197 | Paulino02190079 · Hospitality | <0.1% | 47,308€ | -16.7% | -3,934€ | -8.3% | 3 | 664€ |
| 198 | Stanovčić02219824 · Hospitality | <0.1% | 47,225€ | +109.8% | -6,496€ | -13.8% | 3 | 600€ |
| 199 | Habibi Boca03766292 · Hospitality | <0.1% | 46,068€ | No filing for 2024. | 12,280€ | 26.7% | 1 | 368€ |
| 200 | Bistri Sopot03501248 · Hospitality | <0.1% | 45,953€ | -17.8% | -11,177€ | -24.3% | 2 | 758€ |