Revenue
8.4% of Montenegro's revenue
1,880 companies earned 1.48b€ in 2025, 8.4% of all company revenue in Montenegro. It ranks 2 of 25 municipalities by revenue. Revenue has grown 2.0× since 2015.
8.4% of Montenegro's revenue
28.6 per 1,000 residents · Montenegro 57.3
Largest employer: Elektroprivreda Crne Gore (1,170)
Total profit: -20.10m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 736,967,003€ | 992 |
| 2016 | 733,856,066€ | 1,087 |
| 2017 | 844,204,582€ | 1,146 |
| 2018 | 902,932,275€ | 1,255 |
| 2019 | 933,841,671€ | 1,348 |
| 2020 | 924,882,736€ | 1,443 |
| 2021 | 1,056,901,497€ | 1,559 |
| 2022 | 1,440,432,113€ | 1,644 |
| 2023 | 1,374,002,941€ | 1,697 |
| 2024 | 1,437,089,028€ | 1,810 |
| 2025 (Preliminary) | 1,483,187,027€ | 1,880 |
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 1,880
* 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 | Elektroprivreda Crne Gore02002230 · Energy, water & waste | 27.6% | 409,699,890€ | -6.0% | -92,121,426€ | -22.5% | 1,170 | 2,032€ |
| 2 | Goranović02109301 · Manufacturing | 3.0% | 44,949,367€ | +4.0% | 2,280,790€ | 5.1% | 248 | 1,233€ |
| 3 | Ramel02142520 · Construction | 2.4% | 36,277,494€ | +45.0% | 2,399,915€ | 6.6% | 251 | 1,600€ |
| 4 | Trebjesa02000989 · Manufacturing | 2.4% | 36,268,342€ | +2.3% | 4,166,655€ | 11.5% | 216 | 2,192€ |
| 5 | Uniprom02049520 · Manufacturing | 2.3% | 34,823,973€ | -33.1% | 102,432€ | 0.3% | 178 | 1,583€ |
| 6 | Stambeno02718553 · Construction | 2.3% | 34,110,327€ | +42.9% | 1,221,625€ | 3.6% | 110 | 1,002€ |
| 7 | SS Alga02867877 · Transport & logistics | 2.2% | 32,145,255€ | -12.8% | 204,440€ | 0.6% | 37 | 1,227€ |
| 8 | Noblewood Adriatic03444759 · Manufacturing | 1.6% | 24,398,539€ | +6.4% | 1,551,039€ | 6.4% | 148 | 2,100€ |
| 9 | Uniprom - Metali02915731 · Manufacturing | 1.6% | 22,989,707€ | -21.8% | 2,259,509€ | 9.8% | 37 | 2,576€ |
| 10 | Krnovo Green Energy02713527 · Professional services | 1.5% | 22,131,129€ | +1.0% | 3,562,943€ | 16.1% | 1 | 613€ |
| 11 | Osmanagić Co02293544 · Trade | 1.3% | 19,033,953€ | -13.6% | 1,533,803€ | 8.1% | 50 | 1,231€ |
| 12 | Agro Mont02377861 · Manufacturing | 1.2% | 18,099,454€ | +22.5% | 2,367,155€ | 13.1% | 87 | 795€ |
| 13 | Ening02214628 · Construction | 1.2% | 17,125,230€ | +32.9% | 2,985,764€ | 17.4% | 151 | 1,726€ |
| 14 | Roaming Montenegro02451336 · Trade | 1.1% | 15,575,227€ | +12.4% | 2,786,897€ | 17.9% | 20 | 2,389€ |
| 15 | Mehanizacija i Programat02259648 · Construction | 1.0% | 15,046,117€ | -9.5% | 44,367€ | 0.3% | 198 | 1,589€ |
| 16 | Miniko02196905 · Manufacturing | 1.0% | 14,513,923€ | +23.1% | 301,376€ | 2.1% | 100 | 827€ |
| 17 | L D Gradnja02675188 · Construction | 0.9% | 13,080,082€ | -6.6% | 772,533€ | 5.9% | 23 | 1,257€ |
| 18 | Uno-NK02375885 · Trade | 0.8% | 11,867,349€ | -5.4% | 1,637,590€ | 13.8% | 160 | 864€ |
| 19 | Helada Mont02239027 · Trade | 0.8% | 11,648,746€ | +9.1% | 1,073,571€ | 9.2% | 106 | 1,076€ |
| 20 | Vib-Bas02325721 · Manufacturing | 0.8% | 11,477,978€ | +11.4% | 93,816€ | 0.8% | 35 | 943€ |
| 21 | Autoprevoz Bajović02443635 · Transport & logistics | 0.7% | 9,764,019€ | +4.0% | 508,821€ | 5.2% | 30 | 1,240€ |
| 22 | Intersport Crna Gora03104214 · Trade | 0.6% | 9,031,838€ | +1.6% | 419,101€ | 4.6% | 85 | 978€ |
| 23 | LD Group02386992 · Construction | 0.6% | 8,604,316€ | +118.5% | 280,133€ | 3.3% | 13 | 1,541€ |
| 24 | Epcg-Solar-Gradnja03384624 · Construction | 0.6% | 8,598,177€ | +9.9% | 254,477€ | 3.0% | 506 | 1,244€ |
| 25 | Bečanović02940132 · Transport & logistics | 0.6% | 8,563,914€ | +23.2% | 462,200€ | 5.4% | 15 | 1,698€ |
| 26 | Šljukić Co02289725 · Manufacturing | 0.5% | 7,648,959€ | -6.7% | 520,256€ | 6.8% | 64 | 1,211€ |
| 27 | Popović02276089 · Trade | 0.5% | 7,641,713€ | +15.4% | 328,962€ | 4.3% | 45 | 1,255€ |
| 28 | Centar za Reciklažu02635879 · Energy, water & waste | 0.5% | 7,571,462€ | -41.8% | 18,046€ | 0.2% | 39 | 1,232€ |
| 29 | Stanišić02311127 · Transport & logistics | 0.5% | 7,248,322€ | -13.1% | 396,678€ | 5.5% | 14 | 731€ |
| 30 | Rai M02396289 · Manufacturing | 0.5% | 6,676,757€ | +23.6% | 1,548,237€ | 23.2% | 22 | 692€ |
| 31 | VN-Commerce02887860 · Transport & logistics | 0.4% | 6,427,900€ | +22.5% | 397,290€ | 6.2% | 32 | 714€ |
| 32 | Dekoriva - Co02938588 · Manufacturing | 0.4% | 6,392,539€ | +33.2% | 1,037,862€ | 16.2% | 49 | 875€ |
| 33 | Komunalno02000857 · Energy, water & waste | 0.4% | 6,022,538€ | +43.2% | 411,975€ | 6.8% | 159 | 1,227€ |
| 34 | Global Mine03628850 · Mining | 0.4% | 5,878,728€ | +108.6% | -203,172€ | -3.5% | 105 | 2,100€ |
| 35 | NTC02678187 · Trade | 0.4% | 5,846,379€ | -7.3% | 57,513€ | 1.0% | 35 | 1,233€ |
| 36 | Epcg-Željezara Nikšić03530272 · Manufacturing | 0.4% | 5,713,537€ | +73.0% | 307,508€ | 5.4% | 258 | 1,404€ |
| 37 | Uniprom Hoteli02915022 · Hospitality | 0.4% | 5,702,132€ | +3.3% | 171,059€ | 3.0% | 144 | 1,326€ |
| 38 | Vector System Security03012395 · Administrative services | 0.4% | 5,407,707€ | +25.9% | 644,356€ | 11.9% | 405 | 795€ |
| 39 | Frigo Sistem02705826 · Trade | 0.4% | 5,240,484€ | +23.2% | 258,408€ | 4.9% | 13 | 2,034€ |
| 40 | Gvam Pharm02232189 · Trade | 0.3% | 5,132,875€ | +18.5% | 96,454€ | 1.9% | 29 | 1,382€ |
| 41 | Planika - Montenegro02085666 · Trade | 0.3% | 4,883,253€ | -1.5% | 645,305€ | 13.2% | 69 | 946€ |
| 42 | NTC Logistics02922711 · Transport & logistics | 0.3% | 4,867,127€ | -9.6% | 9,318€ | 0.2% | 146 | 1,379€ |
| 43 | Vodovod i Kanalizacija02033143 · Energy, water & waste | 0.3% | 4,859,607€ | +0.2% | -249,631€ | -5.1% | 189 | 1,230€ |
| 44 | ML Company02420082 · Trade | 0.3% | 4,678,905€ | +72.1% | 308,038€ | 6.6% | 1 | 844€ |
| 45 | Luxor02328941 · Trade | 0.3% | 4,660,764€ | +10.9% | 504,661€ | 10.8% | 44 | 1,030€ |
| 46 | Nikšićki Mlin02048094 · Manufacturing | 0.3% | 4,614,603€ | +608.3% | -909,942€ | -19.7% | 5 | 1,694€ |
| 47 | Amb Montepak02865262 · Trade | 0.3% | 4,548,747€ | +44.5% | 16,473€ | 0.4% | 1 | — |
| 48 | Miranis Vujović02356376 · Manufacturing | 0.3% | 4,451,534€ | +27.3% | 280,804€ | 6.3% | 46 | 1,017€ |
| 49 | Baćović02273233 · Trade | 0.3% | 4,350,542€ | -0.4% | 64,897€ | 1.5% | 37 | 733€ |
| 50 | AG. Infoplan02325926 · Construction | 0.3% | 4,328,995€ | +5.4% | 475,144€ | 11.0% | 12 | 1,726€ |