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 1–50 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* |
|---|
| 1 | Portonovi Hospitality Management Company03067661 · Hospitality | 6.6% | 41,291,910€ | +9.0% | 1,976,372€ | 4.8% | 355 | 2,340€ |
| 2 | Vektra Boka02008238 · Hospitality | 1.9% | 11,669,514€ | +17,747.7% | -7,388,116€ | -63.3% | 10 | 2,313€ |
| 3 | Lazure Montenegro03158390 · Hospitality | 1.5% | 9,115,697€ | +17.7% | 191,065€ | 2.1% | 204 | 1,557€ |
| 4 | Montenegro Hotels02859866 · Hospitality | 1.2% | 7,685,259€ | +6.2% | 1,095,953€ | 14.3% | 110 | 1,916€ |
| 5 | Igalo02008173 · Hospitality | 1.1% | 6,827,117€ | +4.6% | 1,226,398€ | 18.0% | 130 | 1,308€ |
| 6 | Talija Company02695138 · Hospitality | 0.8% | 4,713,165€ | +10.4% | 345,798€ | 7.3% | 101 | 1,296€ |
| 7 | Perla02332841 · Hospitality | 0.6% | 3,623,578€ | +3.9% | 501,105€ | 13.8% | 75 | 1,141€ |
| 8 | Hunguest Hotels Montenegro02405695 · Hospitality | 0.5% | 2,967,834€ | +0.2% | 38,476€ | 1.3% | 82 | 1,266€ |
| 9 | Hefesta02967049 · Hospitality | 0.4% | 2,683,924€ | -13.0% | 25,806€ | 1.0% | 69 | 927€ |
| 10 | Veloder02230917 · Hospitality | 0.3% | 1,724,869€ | +11.2% | 323,810€ | 18.8% | 35 | 862€ |
| 11 | Monument PN03308235 · Hospitality | 0.2% | 1,421,280€ | +9.6% | 7,868€ | 0.6% | 30 | 934€ |
| 12 | Itag Novi03603296 · Hospitality | 0.2% | 1,253,180€ | -2.6% | 210,258€ | 16.8% | 32 | 1,179€ |
| 13 | Lighthouse of Montenegro02770164 · Hospitality | 0.2% | 1,105,943€ | +13.7% | 52,968€ | 4.8% | 23 | 1,114€ |
| 14 | Plaža Perla03227944 · Hospitality | 0.2% | 965,241€ | +36.4% | -16,850€ | -1.7% | 23 | 1,342€ |
| 15 | Arapović Company02322544 · Hospitality | 0.2% | 943,223€ | +21.8% | 173,062€ | 18.3% | 18 | 1,103€ |
| 16 | Adrimont03305422 · Hospitality | 0.1% | 914,520€ | +35.8% | 20,525€ | 2.2% | 20 | 1,303€ |
| 17 | Živanić02292688 · Hospitality | 0.1% | 837,967€ | +10.2% | 179,585€ | 21.4% | 18 | 620€ |
| 18 | SQR03391604 · Hospitality | 0.1% | 829,268€ | +9.1% | -39,745€ | -4.8% | 46 | 613€ |
| 19 | Mik - Mrvaljević i Drugi02332353 · Hospitality | 0.1% | 825,737€ | -3.8% | 79,592€ | 9.6% | 14 | 1,122€ |
| 20 | Ilijada Commerce03448070 · Hospitality | 0.1% | 823,605€ | +15.0% | 124,886€ | 15.2% | 9 | 918€ |
| 21 | Finestra Pro03238938 · Hospitality | 0.1% | 801,229€ | +27.3% | 6,009€ | 0.7% | 17 | 934€ |
| 22 | Mistic Company02887657 · Hospitality | 0.1% | 708,722€ | +17.0% | 118,212€ | 16.7% | 18 | 734€ |
| 23 | Grifone International02777983 · Hospitality | 0.1% | 670,665€ | +0.5% | -14,866€ | -2.2% | 25 | 943€ |
| 24 | Martins Company03543854 · Hospitality | 0.1% | 648,648€ | +57.0% | 17,333€ | 2.7% | 4 | 3,833€ |
| 25 | Food Concept Solutions03223132 · Hospitality | <0.1% | 591,148€ | +32.8% | 15,004€ | 2.5% | 21 | 602€ |
| 26 | Ara Nikšić03182851 · Hospitality | <0.1% | 580,677€ | -5.2% | 11,753€ | 2.0% | 18 | 1,109€ |
| 27 | Obradović - Brgija i Ortaci02332345 · Hospitality | <0.1% | 569,546€ | +10.0% | 99,429€ | 17.5% | 12 | 891€ |
| 28 | Capital Business Solutions03308138 · Hospitality | <0.1% | 556,834€ | -4.0% | 17,913€ | 3.2% | 14 | 1,169€ |
| 29 | Mirišta02979519 · Hospitality | <0.1% | 538,798€ | -10.2% | 147,838€ | 27.4% | 7 | 1,315€ |
| 30 | Isd02844273 · Hospitality | <0.1% | 530,306€ | +5.9% | -6,642€ | -1.3% | 16 | 575€ |
| 31 | Extra Plann Božović02312808 · Hospitality | <0.1% | 522,954€ | +19.7% | 4,438€ | 0.8% | 8 | 995€ |
| 32 | Casa03041395 · Hospitality | <0.1% | 519,255€ | +9.7% | 81,731€ | 15.7% | 6 | 1,132€ |
| 33 | Mare Nostrum02231603 · Hospitality | <0.1% | 511,899€ | +2.1% | 93,814€ | 18.3% | 3 | 6,039€ |
| 34 | Lobelia02151901 · Hospitality | <0.1% | 499,786€ | +8.4% | 12,944€ | 2.6% | 4 | 4,149€ |
| 35 | Marić Company02354870 · Hospitality | <0.1% | 494,992€ | -6.8% | 40,214€ | 8.1% | 7 | 1,444€ |
| 36 | People's Company02380439 · Hospitality | <0.1% | 488,371€ | -6.9% | 8,041€ | 1.6% | 8 | 479€ |
| 37 | Jedinica Damjanović02662841 · Hospitality | <0.1% | 469,313€ | +13.9% | 20,710€ | 4.4% | 8 | 705€ |
| 38 | Novi Bife Beograd03229831 · Hospitality | <0.1% | 462,203€ | -9.0% | -20,970€ | -4.5% | 16 | 690€ |
| 39 | Mivia03173194 · Hospitality | <0.1% | 450,448€ | +11.9% | 27,320€ | 6.1% | 10 | 1,350€ |
| 40 | Kenova Igalo03661296 · Hospitality | <0.1% | 449,372€ | +79.7% | 65,978€ | 14.7% | 11 | 1,257€ |
| 41 | Montin03051633 · Hospitality | <0.1% | 443,064€ | +92.2% | 45,793€ | 10.3% | 3 | 2,347€ |
| 42 | Aurora DMD03400743 · Hospitality | <0.1% | 433,914€ | +41.0% | 27,495€ | 6.3% | 11 | 1,198€ |
| 43 | Cornetto03534758 · Hospitality | <0.1% | 400,156€ | +21.7% | 101,572€ | 25.4% | 11 | 633€ |
| 44 | DM303361594 · Hospitality | <0.1% | 397,792€ | +76.2% | 20,755€ | 5.2% | 16 | 850€ |
| 45 | Wolfmoon03666590 · Hospitality | <0.1% | 390,431€ | +169.7% | -10,869€ | -2.8% | 8 | 921€ |
| 46 | Sofka 1103331555 · Hospitality | <0.1% | 388,048€ | +15.4% | -1,318€ | -0.3% | 15 | 651€ |
| 47 | Mišeluk03560449 · Hospitality | <0.1% | 387,444€ | +35.7% | 71,942€ | 18.6% | 9 | 931€ |
| 48 | Riči02767473 · Hospitality | <0.1% | 375,900€ | +4.3% | -39,701€ | -10.6% | 12 | 998€ |
| 49 | Sofija-K03048411 · Hospitality | <0.1% | 365,069€ | +22.8% | -287,370€ | -78.7% | 17 | 431€ |
| 50 | Žalo02796163 · Hospitality | <0.1% | 360,036€ | +6.5% | 37,165€ | 10.3% | 11 | 913€ |