Revenue
55.0% of Montenegro's revenue
12,148 companies earned 9.71b€ in 2025, 55.0% of all company revenue in Montenegro. It ranks 1 of 25 municipalities by revenue. Revenue has grown 2.7× since 2015.
55.0% of Montenegro's revenue
67.7 per 1,000 residents · Montenegro 57.3
Largest employer: Idea - CG (2,426)
Total profit: 748.64m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 3,587,068,765€ | 5,044 |
| 2016 | 4,096,949,470€ | 5,487 |
| 2017 | 4,709,755,484€ | 6,109 |
| 2018 | 5,118,600,583€ | 6,927 |
| 2019 | 5,323,922,814€ | 7,518 |
| 2020 | 4,709,522,069€ | 8,027 |
| 2021 | 5,608,587,707€ | 8,567 |
| 2022 | 6,799,397,294€ | 9,638 |
| 2023 | 8,203,771,212€ | 11,057 |
| 2024 | 8,801,908,063€ | 11,952 |
| 2025 (Preliminary) | 9,708,565,989€ | 12,148 |
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 850
* 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 | Mtel02655284 · Technology | 1.9% | 183,440,058€ | +76.8% | 76,703,936€ | 41.8% | 559 | 2,217€ |
| 2 | Crnogorski Telekom02289377 · Technology | 1.0% | 94,305,603€ | +2.9% | 7,704,422€ | 8.2% | 465 | 2,357€ |
| 3 | One Crna Gora02242974 · Technology | 0.7% | 69,727,237€ | +2.7% | 12,482,809€ | 17.9% | 384 | 2,214€ |
| 4 | Telemach Crna Gora02811618 · Technology | 0.2% | 16,022,459€ | +2.5% | 1,194,063€ | 7.5% | 131 | 1,481€ |
| 5 | Epam Systems Montenegro03381447 · Technology | 0.1% | 12,563,722€ | -15.0% | 997,278€ | 7.9% | 234 | 3,849€ |
| 6 | Domen02686473 · Technology | 0.1% | 10,135,097€ | +4.2% | 3,570,979€ | 35.2% | 7 | 5,114€ |
| 7 | Čikom02177579 · Technology | <0.1% | 9,294,008€ | -8.2% | 289,058€ | 3.1% | 73 | 2,430€ |
| 8 | Ericsson Ab Štokholm03014649 · Technology | <0.1% | 8,653,212€ | +0.6% | 249,370€ | 2.9% | 122 | 2,208€ |
| 9 | Tungsten Montenegro03428184 · Technology | <0.1% | 6,760,599€ | +4.1% | 394,225€ | 5.8% | 117 | 3,870€ |
| 10 | Radio - Difuzni Centar02394294 · Technology | <0.1% | 5,851,746€ | +2.4% | 45,134€ | 0.8% | 107 | 1,857€ |
| 11 | Agencija za Elektronske Komunikacije i Poštansku Djelatnost - Podgorica02326710 · Technology | <0.1% | 5,840,878€ | +14.1% | 923,492€ | 15.8% | 77 | 3,452€ |
| 12 | G Tech02787768 · Technology | <0.1% | 4,317,154€ | +15.6% | 161,785€ | 3.7% | 15 | 1,690€ |
| 13 | Galleon02780798 · Technology | <0.1% | 3,780,000€ | +5.3% | 275,360€ | 7.3% | 178 | 1,419€ |
| 14 | Logate02632284 · Technology | <0.1% | 3,505,565€ | +16.8% | 297,429€ | 8.5% | 70 | 2,176€ |
| 15 | Adriacore It Solutions03158373 · Technology | <0.1% | 3,291,355€ | -43.6% | -128,389€ | -3.9% | 13 | 1,248€ |
| 16 | BGS Consulting03110222 · Technology | <0.1% | 3,048,402€ | +11.9% | 735,329€ | 24.1% | 52 | 2,772€ |
| 17 | Playrix Montenegro03489159 · Technology | <0.1% | 2,820,315€ | -42.8% | 200,345€ | 7.1% | 42 | 4,741€ |
| 18 | Wireless Montenegro02863812 · Technology | <0.1% | 2,710,237€ | -11.1% | 166,227€ | 6.1% | 19 | 2,551€ |
| 19 | NS Group02862786 · Technology | <0.1% | 2,680,599€ | +333.9% | 13,394€ | 0.5% | 3 | 840€ |
| 20 | SKY Towers Infrastructure03554775 · Technology | <0.1% | 2,668,162€ | +11.9% | 1,539,607€ | 57.7% | 3 | 4,039€ |
| 21 | Axians - Crna Gora02358514 · Technology | <0.1% | 2,390,812€ | +32.8% | 9,902€ | 0.4% | 14 | 3,331€ |
| 22 | Polako Development03493881 · Technology | <0.1% | 2,362,960€ | +36.5% | 982,426€ | 41.6% | 27 | 2,696€ |
| 23 | Amplitudo02907259 · Technology | <0.1% | 2,331,224€ | +9.3% | 171,843€ | 7.4% | 65 | 2,123€ |
| 24 | Solvership02713098 · Technology | <0.1% | 2,210,518€ | +10.6% | 440,610€ | 19.9% | 37 | 2,857€ |
| 25 | Amdocs Montenegro02953811 · Technology | <0.1% | 2,157,126€ | +408.3% | -27,390€ | -1.3% | 5 | 4,406€ |
| 26 | International Bridge03037258 · Technology | <0.1% | 2,046,263€ | +22.8% | 42,207€ | 2.1% | 65 | 2,331€ |
| 27 | Synergysuite03131343 · Technology | <0.1% | 1,910,877€ | +9.2% | 17,241€ | 0.9% | 48 | 2,878€ |
| 28 | Vega Delivery Center Montenegro03374700 · Technology | <0.1% | 1,893,845€ | -1.9% | 5,537€ | 0.3% | 46 | 2,315€ |
| 29 | Datalab.Mn02679744 · Technology | <0.1% | 1,857,323€ | +5.9% | 451,061€ | 24.3% | 22 | 1,601€ |
| 30 | Euronet Services03314766 · Technology | <0.1% | 1,842,420€ | +12.5% | -275,979€ | -15.0% | 2 | 2,826€ |
| 31 | Clicker Team03648257 · Technology | <0.1% | 1,652,490€ | +97.6% | 354,036€ | 21.4% | 13 | 6,751€ |
| 32 | Ai03243966 · Technology | <0.1% | 1,518,284€ | +40.7% | 399,366€ | 26.3% | 20 | 1,455€ |
| 33 | Montora Software02335433 · Technology | <0.1% | 1,504,014€ | +2.5% | 40,979€ | 2.7% | 27 | 1,239€ |
| 34 | E - Mon02420414 · Technology | <0.1% | 1,480,868€ | -4.6% | 349,653€ | 23.6% | 6 | 3,075€ |
| 35 | MT Consulting03253503 · Technology | <0.1% | 1,472,020€ | +36.0% | 219,520€ | 14.9% | 3 | 8,955€ |
| 36 | Satvision03040313 · Technology | <0.1% | 1,468,364€ | +29.0% | 309,390€ | 21.1% | 21 | 1,689€ |
| 37 | Astrasoft03339645 · Technology | <0.1% | 1,449,997€ | -4.4% | 134,004€ | 9.2% | 85 | 738€ |
| 38 | Riffdale Technologies03439135 · Technology | <0.1% | 1,443,002€ | +53.4% | 70,575€ | 4.9% | 93 | 1,058€ |
| 39 | SMP Montenegro02902010 · Technology | <0.1% | 1,425,752€ | +5.4% | -11,460€ | -0.8% | 1 | 1,197€ |
| 40 | Niss03000087 · Technology | <0.1% | 1,425,060€ | -51.1% | 85,436€ | 6.0% | 1 | 2,533€ |
| 41 | Datum Solutions03073572 · Technology | <0.1% | 1,393,891€ | +1.8% | 95,590€ | 6.9% | 24 | 3,969€ |
| 42 | Agencija za Audiovizuelne Medijske Usluge02386135 · Technology | <0.1% | 1,392,544€ | +2.8% | 180,824€ | 13.0% | 30 | 2,171€ |
| 43 | MB Com02948346 · Technology | <0.1% | 1,270,533€ | +27.0% | 16,101€ | 1.3% | 4 | 1,106€ |
| 44 | HTL Devco03421180 · Technology | <0.1% | 1,269,476€ | -13.0% | 37,132€ | 2.9% | 21 | 4,096€ |
| 45 | 4sec02903237 · Technology | <0.1% | 1,213,409€ | +0.7% | 424,374€ | 35.0% | 1 | 9,566€ |
| 46 | Customertimes Montenegro03413616 · Technology | <0.1% | 1,208,079€ | -42.5% | 2,583€ | 0.2% | 54 | 1,375€ |
| 47 | Infinum Montenegro03360962 · Technology | <0.1% | 1,139,956€ | +17.8% | 220,752€ | 19.4% | 21 | 2,939€ |
| 48 | Page03007880 · Technology | <0.1% | 1,111,444€ | +54.6% | 3,842€ | 0.3% | 36 | 1,053€ |
| 49 | Five Group03328333 · Technology | <0.1% | 1,102,011€ | +103.3% | 378,922€ | 34.4% | 6 | 3,214€ |
| 50 | Bild Studio02783061 · Technology | <0.1% | 1,100,370€ | +3.0% | 22,652€ | 2.1% | 20 | 3,098€ |