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 401–450 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* |
|---|
| 401 | Četverac Company03364895 · Trade | <0.1% | 171,604€ | -7.9% | -5,184€ | -3.0% | 2 | 777€ |
| 402 | VRR Trans03414710 · Transport & logistics | <0.1% | 171,052€ | +4.0% | 6,911€ | 4.0% | 3 | 696€ |
| 403 | MJ Kodeks03729214 · Hospitality | <0.1% | 170,677€ | No filing for 2024. | 507€ | 0.3% | 12 | 517€ |
| 404 | Royal-Tex02181789 · Trade | <0.1% | 170,605€ | +2.1% | 2,585€ | 1.5% | 3 | 1,093€ |
| 405 | Porto Bijela03125548 · Hospitality | <0.1% | 169,683€ | -0.5% | -11,687€ | -6.9% | 7 | 555€ |
| 406 | Lobanjica03569772 · Administrative services | <0.1% | 169,600€ | -16.3% | 63,923€ | 37.7% | 3 | 1,117€ |
| 407 | Happy - Food03182959 · Hospitality | <0.1% | 169,596€ | -7.3% | 3,168€ | 1.9% | 5 | 1,068€ |
| 408 | Keinex03245454 · Technology | <0.1% | 169,500€ | +13.8% | 952€ | 0.6% | 1 | 13,624€ |
| 409 | Kameno02169851 · Trade | <0.1% | 169,024€ | -1.4% | 2,296€ | 1.4% | 2 | 585€ |
| 410 | Vinopromet02007908 · Trade | <0.1% | 167,407€ | +59.2% | 1,538€ | 0.9% | 3 | 1,740€ |
| 411 | Mustur02127598 · Hospitality | <0.1% | 167,385€ | +9.6% | 14,229€ | 8.5% | 4 | 1,048€ |
| 412 | MLC Lift02462478 · Manufacturing | <0.1% | 165,795€ | +16.0% | -1,760€ | -1.1% | 4 | 963€ |
| 413 | Vlahušići Pjer Export02077167 · Trade | <0.1% | 165,727€ | +126.8% | 13,358€ | 8.1% | 3 | 983€ |
| 414 | Novi Biss03355772 · Hospitality | <0.1% | 165,148€ | +29.6% | -1,004€ | -0.6% | 5 | 483€ |
| 415 | Alg-0103432408 · Hospitality | <0.1% | 164,615€ | +357.9% | 14,242€ | 8.7% | 1 | 4,810€ |
| 416 | Mi Kasa02728907 · Hospitality | <0.1% | 164,369€ | +15.7% | 13,291€ | 8.1% | 3 | 857€ |
| 417 | Mauer Group03281515 · Construction | <0.1% | 164,321€ | -54.4% | -86,600€ | -52.7% | 6 | 1,143€ |
| 418 | Mandrapa Company03304817 · Hospitality | <0.1% | 164,110€ | -41.9% | -106,698€ | -65.0% | 9 | 610€ |
| 419 | Erc System02761670 · Professional services | <0.1% | 164,092€ | +28.4% | 38,787€ | 23.6% | 4 | 2,349€ |
| 420 | RR - Ivović Company02684942 · Construction | <0.1% | 164,066€ | -29.3% | -19,052€ | -11.6% | 2 | 522€ |
| 421 | And Lustica03142507 · Hospitality | <0.1% | 162,913€ | -7.6% | 5,617€ | 3.4% | 3 | 1,759€ |
| 422 | Mima. Co02754444 · Trade | <0.1% | 162,039€ | -1.5% | 3,937€ | 2.4% | 4 | 925€ |
| 423 | Bristol02102498 · Hospitality | <0.1% | 161,547€ | +10.4% | 33,472€ | 20.7% | 6 | 589€ |
| 424 | Enea Consulting03707512 · Administrative services | <0.1% | 161,496€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 66,672€ | 41.3% | 1 | 2,004€ |
| 425 | New Level03544915 · Real estate | <0.1% | 160,889€ | +8.7% | 17,948€ | 11.2% | 1 | 1,199€ |
| 426 | Lesstra03252191 · Construction | <0.1% | 159,855€ | +120.6% | 9,267€ | 5.8% | 1 | 823€ |
| 427 | Sakura Group03299104 · Transport & logistics | <0.1% | 159,564€ | -29.4% | -35,807€ | -22.4% | 4 | 2,043€ |
| 428 | Extreme Company03655156 · Trade | <0.1% | 159,377€ | +70.8% | 1,513€ | 0.9% | 3 | 487€ |
| 429 | Xanadu Club03231208 · Hospitality | <0.1% | 159,211€ | +31.6% | -86,013€ | -54.0% | 3 | 675€ |
| 430 | Igalopromet Holding02827590 · Construction | <0.1% | 159,155€ | -49.0% | 7,513€ | 4.7% | 2 | 1,060€ |
| 431 | Black Dolphin03747875 · Real estate | <0.1% | 159,098€ | No filing for 2024. | 53,057€ | 33.3% | 1 | 3,943€ |
| 432 | Avgen LTD03172708 · Professional services | <0.1% | 158,931€ | -21.1% | -9,778€ | -6.2% | 3 | 3,659€ |
| 433 | Omega Logistic02792354 · Transport & logistics | <0.1% | 158,750€ | +91.8% | 31,287€ | 19.7% | 1 | 3,631€ |
| 434 | Kubik Company02953862 · Transport & logistics | <0.1% | 158,597€ | -19.3% | 7,773€ | 4.9% | 2 | 678€ |
| 435 | Evropartner CG03234061 · Professional services | <0.1% | 158,009€ | -24.6% | 4,860€ | 3.1% | 6 | 1,252€ |
| 436 | L&L Mne03404676 · Hospitality | <0.1% | 155,835€ | -53.5% | -105,888€ | -67.9% | 2 | 2,046€ |
| 437 | MV Pools03672425 · Construction | <0.1% | 155,018€ | +645.8% | 1,964€ | 1.3% | 1 | 460€ |
| 438 | Vend02346788 · Health & social care | <0.1% | 154,980€ | -4.3% | 3,993€ | 2.6% | 4 | 1,485€ |
| 439 | Gold Coin Invest03596869 · Construction | <0.1% | 154,979€ | -55.3% | 69,168€ | 44.6% | 2 | 650€ |
| 440 | Bull Black02348721 · Hospitality | <0.1% | 153,537€ | +9.8% | 15,197€ | 9.9% | 8 | 701€ |
| 441 | Ecosolutions03074641 · Trade | <0.1% | 151,698€ | +23.0% | 9,287€ | 6.1% | 2 | 1,042€ |
| 442 | Mitex Frotiri02350637 · Trade | <0.1% | 151,507€ | +26.5% | -10,865€ | -7.2% | 1 | 629€ |
| 443 | Zicer03197298 · Hospitality | <0.1% | 150,282€ | +28.4% | -16,929€ | -11.3% | 4 | 749€ |
| 444 | Pen-Kov02882221 · Construction | <0.1% | 148,883€ | +167.8% | -17,492€ | -11.7% | 2 | 703€ |
| 445 | Ionoff Roasting Co03280519 · Manufacturing | <0.1% | 148,617€ | +1,109.2% | -8,189€ | -5.5% | 3 | 900€ |
| 446 | Lighting Agency03095606 · Trade | <0.1% | 146,297€ | -26.4% | 84,499€ | 57.8% | 1 | 1,353€ |
| 447 | Imago Rent A Car03076741 · Administrative services | <0.1% | 145,757€ | +5.7% | 9,158€ | 6.3% | 2 | 776€ |
| 448 | Bušin Kutak03056538 · Professional services | <0.1% | 145,326€ | +19.8% | 1,923€ | 1.3% | 6 | 927€ |
| 449 | Vučković Company03387682 · Construction | <0.1% | 143,970€ | +51.5% | -2,818€ | -2.0% | 7 | 899€ |
| 450 | Asp Co02904683 · Technology | <0.1% | 143,944€ | -11.3% | -729€ | -0.5% | 3 | 559€ |