Revenue
1.3% of Montenegro's revenue
499 companies earned 227.92m€ in 2025, 1.3% of all company revenue in Montenegro. It ranks 12 of 25 municipalities by revenue. Revenue has grown 1.9× since 2015.
1.3% of Montenegro's revenue
20.7 per 1,000 residents · Montenegro 57.3
Largest employer: Rudnik Uglja (1,113)
Total profit: 157,958€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 118,114,526€ | 331 |
| 2016 | 107,254,530€ | 356 |
| 2017 | 125,403,201€ | 378 |
| 2018 | 129,015,523€ | 399 |
| 2019 | 127,678,759€ | 415 |
| 2020 | 130,240,039€ | 440 |
| 2021 | 138,177,042€ | 452 |
| 2022 | 178,865,306€ | 468 |
| 2023 | 206,876,288€ | 474 |
| 2024 | 214,760,497€ | 495 |
| 2025 (Preliminary) | 227,924,695€ | 499 |
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 499
* 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 | Rudnik Uglja02009501 · Mining | 21.4% | 48,716,302€ | -35.0% | -6,850,042€ | -14.1% | 1,113 | 1,830€ |
| 2 | Dongfang Electric International Corporation03318206 · Trade | 13.4% | 30,511,379€ | +183.9% | -429,330€ | -1.4% | 8 | 2,419€ |
| 3 | Gradir Montenegro02620359 · Mining | 7.1% | 16,290,182€ | +6.7% | 144,589€ | 0.9% | 158 | 1,700€ |
| 4 | Powerchina Hebei Engineering Corporation Limited China03397084 · Trade | 2.9% | 6,613,967€ | +142.5% | 159,403€ | 2.4% | 2 | 9,581€ |
| 5 | Žitoprodukt02009676 · Manufacturing | 2.8% | 6,372,352€ | +12.8% | 278,304€ | 4.4% | 72 | 877€ |
| 6 | Tim Company02994127 · Construction | 2.5% | 5,651,656€ | +61.7% | 446,407€ | 7.9% | 59 | 1,140€ |
| 7 | MM Market02910217 · Trade | 2.2% | 4,930,028€ | +16.5% | 215,476€ | 4.4% | 38 | 734€ |
| 8 | Čistoća02731657 · Energy, water & waste | 1.8% | 4,073,740€ | +3.0% | -66,476€ | -1.6% | 207 | 1,080€ |
| 9 | Tehno - Gradnja02458845 · Construction | 1.5% | 3,348,953€ | +46.7% | 33,153€ | 1.0% | 55 | 700€ |
| 10 | Vodovod02343762 · Energy, water & waste | 1.4% | 3,188,842€ | +30.2% | 775,629€ | 24.3% | 115 | 1,183€ |
| 11 | Roto - Term03226441 · Manufacturing | 1.2% | 2,767,758€ | +5.8% | 160,709€ | 5.8% | 23 | 1,678€ |
| 12 | V i N G02313499 · Construction | 1.2% | 2,733,968€ | +29.3% | 597,803€ | 21.9% | 18 | 895€ |
| 13 | Jasen02354721 · Manufacturing | 1.1% | 2,559,376€ | +18.7% | 42,915€ | 1.7% | 34 | 778€ |
| 14 | Avalon LTD02970244 · Trade | 1.1% | 2,527,855€ | +78.1% | 369,756€ | 14.6% | 24 | 762€ |
| 15 | Aroma02153726 · Trade | 1.1% | 2,431,230€ | +12.1% | 87,273€ | 3.6% | 6 | 818€ |
| 16 | Zeleno Borje02864371 · Manufacturing | 1.0% | 2,334,099€ | +3.4% | 450,774€ | 19.3% | 34 | 688€ |
| 17 | Anđela Produkt02825821 · Trade | 0.8% | 1,934,953€ | -21.2% | -114,921€ | -5.9% | 37 | 714€ |
| 18 | Prima S02061813 · Trade | 0.8% | 1,874,386€ | +1.2% | 85,330€ | 4.6% | 8 | 827€ |
| 19 | Lokalni Putevi02033291 · Administrative services | 0.8% | 1,834,363€ | +22.0% | 311,742€ | 17.0% | 40 | 1,411€ |
| 20 | Hranom do Zdravlja 201302948508 · Manufacturing | 0.8% | 1,827,576€ | +48.0% | 40,875€ | 2.2% | 14 | 718€ |
| 21 | Autocommerce02725584 · Trade | 0.8% | 1,726,963€ | -22.9% | 194,672€ | 11.3% | 5 | 1,514€ |
| 22 | Gama-Kom02179067 · Trade | 0.7% | 1,570,468€ | +19.5% | 80,821€ | 5.1% | 11 | 708€ |
| 23 | Gostrade02073927 · Trade | 0.7% | 1,509,098€ | +77.2% | 15,107€ | 1.0% | 6 | 905€ |
| 24 | Energos03049051 · Trade | 0.7% | 1,495,750€ | +134.0% | 140,662€ | 9.4% | 7 | 701€ |
| 25 | Termomont PV02907526 · Trade | 0.7% | 1,495,440€ | +54.6% | 211,233€ | 14.1% | 17 | 851€ |
| 26 | Heba02433729 · Trade | 0.6% | 1,477,171€ | +9.5% | 51,521€ | 3.5% | 7 | 1,974€ |
| 27 | Taša02758725 · Hospitality | 0.6% | 1,466,202€ | +1.7% | 102,085€ | 7.0% | 44 | 725€ |
| 28 | Hotel Pljevlja02782944 · Hospitality | 0.6% | 1,378,282€ | +15.6% | 177,204€ | 12.9% | 32 | 878€ |
| 29 | Tim02080095 · Trade | 0.6% | 1,294,313€ | +11.8% | 59,469€ | 4.6% | 6 | 849€ |
| 30 | Mivex Food02936666 · Manufacturing | 0.6% | 1,279,299€ | -26.2% | 10,622€ | 0.8% | 3 | 528€ |
| 31 | Neptun02068419 · Trade | 0.6% | 1,268,652€ | +12.5% | 39,621€ | 3.1% | 19 | 978€ |
| 32 | KM-Industrijska Oprema03158667 · Manufacturing | 0.5% | 1,130,520€ | +183.5% | 176,588€ | 15.6% | 1 | 42,087€ |
| 33 | Pliješ02768666 · Trade | 0.5% | 1,087,297€ | -0.7% | 39,105€ | 3.6% | 7 | 737€ |
| 34 | 31 Oktobar02636263 · Manufacturing | 0.4% | 1,022,792€ | +4.6% | 61,199€ | 6.0% | 24 | 711€ |
| 35 | RM-Komerc02169983 · Manufacturing | 0.4% | 948,402€ | +25.8% | 69,850€ | 7.4% | 12 | 834€ |
| 36 | Lijeska02901382 · Manufacturing | 0.4% | 948,091€ | +34.7% | 34,095€ | 3.6% | 17 | 622€ |
| 37 | Lokalni Javni Emiter Radio Televizija Pljevlja02908522 · Arts & entertainment | 0.4% | 935,576€ | +61.0% | 251,729€ | 26.9% | 32 | 1,276€ |
| 38 | Teikom Monte02617722 · Trade | 0.4% | 935,178€ | +35.8% | 60,757€ | 6.5% | 6 | 1,894€ |
| 39 | Euroexpres03182053 · Transport & logistics | 0.4% | 915,070€ | -15.9% | 23,256€ | 2.5% | 7 | 1,104€ |
| 40 | Prehrana02015811 · Hospitality | 0.4% | 889,870€ | +3.3% | -38,614€ | -4.3% | 36 | 727€ |
| 41 | Maradom02049996 · Manufacturing | 0.4% | 860,964€ | +48.9% | 32,428€ | 3.8% | 22 | 722€ |
| 42 | Duja - Komerc02194627 · Trade | 0.4% | 850,774€ | +1.9% | -25,319€ | -3.0% | 8 | 621€ |
| 43 | Vin Kolor03081389 · Trade | 0.4% | 828,727€ | +34.5% | 56,138€ | 6.8% | 5 | 964€ |
| 44 | Jelena-Promet TT03040534 · Transport & logistics | 0.4% | 820,057€ | +1.8% | 86,518€ | 10.6% | 8 | 1,605€ |
| 45 | Benta Komerc02433389 · Construction | 0.3% | 784,712€ | +75.1% | 275,003€ | 35.0% | 11 | 1,136€ |
| 46 | Mining - Mont02711010 · Construction | 0.3% | 757,407€ | +3.5% | 53,395€ | 7.0% | 8 | 1,264€ |
| 47 | Slavija-Comerc02124009 · Trade | 0.3% | 728,908€ | +13.3% | 64,780€ | 8.9% | 9 | 849€ |
| 48 | Inče02763168 · Transport & logistics | 0.3% | 725,865€ | -1.0% | 18,977€ | 2.6% | 7 | 973€ |
| 49 | Javor Internacional02438160 · Manufacturing | 0.3% | 711,110€ | +27.4% | 23,756€ | 3.3% | 14 | 749€ |
| 50 | Ok Trans03169847 · Transport & logistics | 0.3% | 703,509€ | +30.1% | 167,413€ | 23.8% | 8 | 1,711€ |