Revenue
2.8% of Montenegro's revenue
1,334 companies earned 497.14m€ in 2025, 2.8% of all company revenue in Montenegro. It ranks 7 of 25 municipalities by revenue. Revenue has grown 2.1× since 2015.
2.8% of Montenegro's revenue
58.6 per 1,000 residents · Montenegro 57.3
Largest employer: Komunalno Kotor (236)
Total profit: -954,774€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 232,852,069€ | 609 |
| 2016 | 219,147,711€ | 643 |
| 2017 | 258,482,783€ | 711 |
| 2018 | 274,583,486€ | 794 |
| 2019 | 294,885,706€ | 839 |
| 2020 | 205,213,933€ | 884 |
| 2021 | 236,054,897€ | 939 |
| 2022 | 334,126,990€ | 1,053 |
| 2023 | 388,335,032€ | 1,175 |
| 2024 | 449,543,273€ | 1,257 |
| 2025 (Preliminary) | 497,137,467€ | 1,334 |
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 1,334
* 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 | Expo Commerce02280612 · Trade | 7.7% | 38,034,215€ | +5.1% | 2,832,686€ | 7.4% | 210 | 1,639€ |
| 2 | Imlek Boka02357950 · Manufacturing | 7.2% | 35,557,990€ | +2.5% | 771,415€ | 2.2% | 49 | 1,739€ |
| 3 | Drvomont02367858 · Trade | 5.0% | 25,094,735€ | +13.0% | 1,404,572€ | 5.6% | 131 | 994€ |
| 4 | Knjaz Miloš - Montenegro02309084 · Trade | 4.7% | 23,356,721€ | +16.1% | 1,023,316€ | 4.4% | 37 | 1,994€ |
| 5 | Crnogorska Plovidba02399849 · Transport & logistics | 3.6% | 17,759,262€ | +100.4% | -26,025,647€ | -146.5% | 8 | 2,801€ |
| 6 | Carinvest02349124 · Transport & logistics | 3.1% | 15,649,348€ | -3.9% | 769,128€ | 4.9% | 123 | 1,299€ |
| 7 | As Jewelry03169855 · Trade | 3.0% | 14,952,583€ | +63.0% | 756,062€ | 5.1% | 38 | 1,309€ |
| 8 | Briv Construction02052822 · Construction | 2.8% | 13,864,577€ | -42.0% | 521,878€ | 3.8% | 102 | 2,215€ |
| 9 | Cogimar02054205 · Agriculture | 1.9% | 9,657,872€ | +1.6% | 235,594€ | 2.4% | 49 | 1,271€ |
| 10 | Daido Metal Kotor02013053 · Manufacturing | 1.7% | 8,670,917€ | +7.9% | 97,305€ | 1.1% | 142 | 1,685€ |
| 11 | Vukšić02642042 · Trade | 1.6% | 7,992,628€ | +10.9% | 686,571€ | 8.6% | 15 | 1,146€ |
| 12 | W & R Dinamic Company Limited02255693 · Manufacturing | 1.6% | 7,967,534€ | +11.1% | 1,460,441€ | 18.3% | 32 | 1,030€ |
| 13 | Tujko02125200 · Mining | 1.5% | 7,352,230€ | -1.7% | 334,318€ | 4.5% | 69 | 1,077€ |
| 14 | Lanex02055066 · Trade | 1.4% | 7,164,445€ | +2.2% | 149,542€ | 2.1% | 21 | 755€ |
| 15 | Luka Kotor02044188 · Transport & logistics | 1.4% | 6,899,755€ | +15.3% | 1,904,875€ | 27.6% | 69 | 2,499€ |
| 16 | Jadran02013177 · Hospitality | 1.3% | 6,691,562€ | +16.0% | 1,415,715€ | 21.2% | 79 | 2,158€ |
| 17 | Komunalno Kotor02013274 · Energy, water & waste | 1.3% | 6,295,238€ | +5.1% | 36,086€ | 0.6% | 236 | 1,234€ |
| 18 | Braća Magud - Grbalj02424312 · Transport & logistics | 1.2% | 5,965,936€ | +16.9% | 867,060€ | 14.5% | 26 | 921€ |
| 19 | Medicor02196344 · Trade | 1.2% | 5,806,162€ | +17.8% | 93,299€ | 1.6% | 37 | 1,752€ |
| 20 | DP Hotel Facility03168409 · Hospitality | 1.2% | 5,804,549€ | +9.3% | 149,763€ | 2.6% | 127 | 1,122€ |
| 21 | Napredak02033542 · Trade | 1.1% | 5,320,548€ | -0.6% | 1,499,038€ | 28.2% | 41 | 1,616€ |
| 22 | A Servis02671417 · Real estate | 0.9% | 4,431,468€ | +54.0% | -14,135€ | -0.3% | 1 | 2,544€ |
| 23 | Vodovod i Kanalizacija Kotor02013312 · Energy, water & waste | 0.9% | 4,371,067€ | +11.9% | 366,945€ | 8.4% | 102 | 1,237€ |
| 24 | Pamex02310724 · Trade | 0.8% | 4,209,155€ | +18.0% | 239,087€ | 5.7% | 11 | 1,053€ |
| 25 | Fjord02014912 · Hospitality | 0.8% | 3,932,644€ | -10.5% | -261,920€ | -6.7% | 94 | 1,504€ |
| 26 | Alsen Leather03169774 · Trade | 0.7% | 3,698,490€ | +26.0% | -202,169€ | -5.5% | 24 | 1,248€ |
| 27 | Mibost-Joketić02218089 · Hospitality | 0.7% | 3,445,526€ | +14.4% | 385,955€ | 11.2% | 48 | 1,246€ |
| 28 | British International School Arcadia Academy03080528 · Education | 0.6% | 3,087,463€ | +13.2% | 469,711€ | 15.2% | 37 | 2,320€ |
| 29 | Surfmont02458705 · Trade | 0.6% | 3,074,820€ | +0.8% | 118,211€ | 3.8% | 29 | 1,793€ |
| 30 | Trecom02045460 · Hospitality | 0.5% | 2,705,584€ | +17.1% | 664,368€ | 24.6% | 45 | 1,327€ |
| 31 | Niksen-Čavor02386194 · Manufacturing | 0.5% | 2,683,099€ | +84.9% | 9,826€ | 0.4% | 30 | 644€ |
| 32 | Aqua Casa03410919 · Trade | 0.5% | 2,639,363€ | +57.1% | 257,982€ | 9.8% | 15 | 1,300€ |
| 33 | Compania De Vinos Montenegro02703599 · Trade | 0.5% | 2,546,542€ | -6.4% | 181,923€ | 7.1% | 13 | 1,294€ |
| 34 | Piper02743051 · Trade | 0.5% | 2,463,654€ | +14.0% | 441,851€ | 17.9% | 20 | 937€ |
| 35 | Step Up02899558 · Trade | 0.5% | 2,256,893€ | +8.7% | 92,482€ | 4.1% | 35 | 920€ |
| 36 | Jokić Kimont02750619 · Mining | 0.4% | 2,231,329€ | +92.1% | 148,679€ | 6.7% | 14 | 2,026€ |
| 37 | Kotorska Suvenirnica02867281 · Trade | 0.4% | 2,103,462€ | +12.7% | 196,324€ | 9.3% | 0 | — |
| 38 | WTC Company02800438 · Trade | 0.4% | 2,094,373€ | +50.9% | 19,168€ | 0.9% | 10 | 1,075€ |
| 39 | HD Gradnja Mne03499774 · Construction | 0.4% | 1,876,252€ | +24.8% | 81,136€ | 4.3% | 42 | 1,172€ |
| 40 | Put-Company02805685 · Trade | 0.4% | 1,856,923€ | -0.1% | 157,091€ | 8.5% | 20 | 951€ |
| 41 | Bijeli Labud02376903 · Manufacturing | 0.4% | 1,796,189€ | +14.0% | 423,451€ | 23.6% | 13 | 892€ |
| 42 | Spinel02185539 · Construction | 0.4% | 1,739,986€ | +2.0% | 99,257€ | 5.7% | 24 | 1,385€ |
| 43 | Olimp Co02919826 · Hospitality | 0.3% | 1,722,201€ | +25.3% | 142,889€ | 8.3% | 26 | 959€ |
| 44 | Roefix02658003 · Manufacturing | 0.3% | 1,665,979€ | +2.1% | 280,171€ | 16.8% | 2 | 2,112€ |
| 45 | Winterhalter Gastronom Montenegro02448327 · Trade | 0.3% | 1,608,765€ | +10.2% | 279,479€ | 17.4% | 6 | 2,783€ |
| 46 | Velestovo Inn02260425 · Trade | 0.3% | 1,565,077€ | -10.3% | 95,546€ | 6.1% | 9 | 894€ |
| 47 | Montenegro Submarine02970449 · Transport & logistics | 0.3% | 1,553,865€ | +30.9% | 80,929€ | 5.2% | 25 | 1,891€ |
| 48 | Tomičić02648750 · Trade | 0.3% | 1,501,029€ | -5.1% | 29,083€ | 1.9% | 29 | 873€ |
| 49 | Comodoro02706881 · Hospitality | 0.3% | 1,356,828€ | +16.0% | 172,275€ | 12.7% | 24 | 1,378€ |
| 50 | LJ.G. Gorostas03235017 · Construction | 0.3% | 1,336,408€ | +3.2% | 278,690€ | 20.9% | 8 | 1,499€ |