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 301–350 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* |
|---|
| 301 | Montenegro Holiday DMC03202771 · Administrative services | <0.1% | 251,555€ | -17.0% | 9,891€ | 3.9% | 2 | 966€ |
| 302 | Vrgola03187756 · Hospitality | <0.1% | 250,645€ | +37.4% | -7,187€ | -2.9% | 10 | 1,198€ |
| 303 | Seacon Marine03289630 · Construction | <0.1% | 249,666€ | +62.9% | 114,189€ | 45.7% | 2 | 1,853€ |
| 304 | M 2203488888 · Hospitality | <0.1% | 248,260€ | +9.0% | 681€ | 0.3% | 10 | 897€ |
| 305 | Taplika03415368 · Technology | <0.1% | 248,099€ | +3.9% | 64,485€ | 26.0% | 1 | 678€ |
| 306 | Nikoss Perišić02698803 · Hospitality | <0.1% | 247,817€ | +13.0% | 34,883€ | 14.1% | 5 | 822€ |
| 307 | Granj Monte03265471 · Trade | <0.1% | 245,593€ | +127.3% | 31,320€ | 12.8% | 6 | 601€ |
| 308 | Ruskaja Rech03258505 · Technology | <0.1% | 243,976€ | -19.0% | 74,042€ | 30.3% | 5 | 1,635€ |
| 309 | Boka Limited03454975 · Transport & logistics | <0.1% | 242,993€ | +45.7% | 22,417€ | 9.2% | 2 | 493€ |
| 310 | NB Bajčeta Trade02259460 · Trade | <0.1% | 241,955€ | +18.7% | 14,332€ | 5.9% | 3 | 1,286€ |
| 311 | Pic-Nic02920620 · Hospitality | <0.1% | 241,891€ | -3.8% | -15,223€ | -6.3% | 15 | 683€ |
| 312 | Radović Invest03322882 · Construction | <0.1% | 241,783€ | -48.2% | 70,407€ | 29.1% | 2 | 631€ |
| 313 | Dak-Raj02836076 · Trade | <0.1% | 241,495€ | +10.0% | 11,290€ | 4.7% | 4 | 835€ |
| 314 | Ostia Group03382737 · Trade | <0.1% | 240,479€ | +180.5% | 52,910€ | 22.0% | 1 | 524€ |
| 315 | Stamina03001482 · Hospitality | <0.1% | 238,256€ | -1.6% | 7,985€ | 3.4% | 3 | 1,364€ |
| 316 | Nalex Ing03168778 · Construction | <0.1% | 238,256€ | +37.4% | -23,424€ | -9.8% | 7 | 855€ |
| 317 | Matijašević Copas02316196 · Hospitality | <0.1% | 237,138€ | -10.0% | 14,167€ | 6.0% | 8 | 828€ |
| 318 | International Travel & Lifestyle Service03566625 · Administrative services | <0.1% | 236,805€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 139,711€ | 59.0% | 2 | 3,682€ |
| 319 | Turist Nova02777401 · Hospitality | <0.1% | 235,983€ | -2.8% | 7,089€ | 3.0% | 5 | 1,577€ |
| 320 | Bird MK02879905 · Hospitality | <0.1% | 235,391€ | +30.6% | 18,232€ | 7.7% | 2 | 2,755€ |
| 321 | WRC Consulting Mne02835223 · Professional services | <0.1% | 231,271€ | +28.1% | 36,147€ | 15.6% | 11 | 1,231€ |
| 322 | MN Kymo03409368 · Hospitality | <0.1% | 230,560€ | +49.1% | 28,286€ | 12.3% | 5 | 842€ |
| 323 | B 1002948753 · Hospitality | <0.1% | 230,413€ | +5.5% | 43,399€ | 18.8% | 4 | 1,622€ |
| 324 | PN Rent03384705 · Real estate | <0.1% | 230,109€ | +90.5% | 13,497€ | 5.9% | 2 | 1,068€ |
| 325 | Nadra02713730 · Trade | <0.1% | 230,053€ | +11.5% | 19,848€ | 8.6% | 4 | — |
| 326 | Dabižinović02249006 · Hospitality | <0.1% | 229,709€ | -6.0% | 4,280€ | 1.9% | 8 | 1,000€ |
| 327 | Boka Bay Properties02420341 · Hospitality | <0.1% | 228,490€ | +55.8% | 41,105€ | 18.0% | 6 | 704€ |
| 328 | Boccalupo03435571 · Hospitality | <0.1% | 228,449€ | +21.5% | 34,604€ | 15.1% | 9 | 597€ |
| 329 | Bokatim02463105 · Construction | <0.1% | 224,069€ | +74.1% | 3,957€ | 1.8% | 9 | 737€ |
| 330 | Cenex02378345 · Trade | <0.1% | 223,758€ | -2.4% | 1,102€ | 0.5% | 3 | 656€ |
| 331 | Radojičić Company02629585 · Construction | <0.1% | 223,458€ | +73.1% | 2,395€ | 1.1% | 2 | 677€ |
| 332 | Koneva02995158 · Hospitality | <0.1% | 223,211€ | +7.4% | 982€ | 0.4% | 5 | 1,179€ |
| 333 | Gušti03224678 · Hospitality | <0.1% | 222,363€ | -25.9% | 6,861€ | 3.1% | 10 | 822€ |
| 334 | S-Vuksanovići02078686 · Hospitality | <0.1% | 221,790€ | -1.4% | 15,574€ | 7.0% | 3 | 724€ |
| 335 | S Projekt02889617 · Professional services | <0.1% | 220,177€ | +28.1% | 60,104€ | 27.3% | 1 | 1,866€ |
| 336 | Luma02398559 · Hospitality | <0.1% | 218,359€ | +36.1% | 19,957€ | 9.1% | 6 | 1,005€ |
| 337 | Boka Pilot & Tug Boat Services02370026 · Transport & logistics | <0.1% | 218,108€ | +178.6% | -74,053€ | -34.0% | 11 | 806€ |
| 338 | Adriastar Mne02621550 · Real estate | <0.1% | 218,005€ | +3.3% | 7,636€ | 3.5% | 2 | 3,143€ |
| 339 | VMBM03022749 · Hospitality | <0.1% | 217,495€ | -1.3% | -29,798€ | -13.7% | 5 | 1,103€ |
| 340 | BBR Sistemi03125173 · Construction | <0.1% | 217,370€ | -41.5% | -49,439€ | -22.7% | 3 | 1,365€ |
| 341 | Geoerc02782880 · Professional services | <0.1% | 213,562€ | -3.7% | 7,064€ | 3.3% | 4 | 1,692€ |
| 342 | Cad Studio03320472 · Construction | <0.1% | 213,538€ | +12.4% | 60,649€ | 28.4% | 3 | 406€ |
| 343 | Nemix Company03438180 · Hospitality | <0.1% | 212,892€ | -15.3% | 22,298€ | 10.5% | 7 | 691€ |
| 344 | Luxury Rental03372669 · Real estate | <0.1% | 212,677€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 173,891€ | 81.8% | 1 | 790€ |
| 345 | Boklip03307212 · Hospitality | <0.1% | 212,594€ | +8.6% | 19,153€ | 9.0% | 9 | 682€ |
| 346 | Sunny MN03458016 · Real estate | <0.1% | 211,500€ | -43.7% | 1,361€ | 0.6% | 1 | 928€ |
| 347 | V M V03092682 · Hospitality | <0.1% | 211,113€ | +55.0% | 10,315€ | 4.9% | 3 | 1,416€ |
| 348 | Atsimulations03439453 · Technology | <0.1% | 210,947€ | +71.0% | 84,473€ | 40.0% | 1 | 1,189€ |
| 349 | Leut02212951 · Hospitality | <0.1% | 210,803€ | +47.7% | 71,835€ | 34.1% | 4 | 721€ |
| 350 | Amaro02443236 · Hospitality | <0.1% | 210,233€ | -2.0% | 37,161€ | 17.7% | 7 | 718€ |