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 51–100 of 12,148
* 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* |
|---|
| 51 | Lob Commpany02335450 · Arts & entertainment | 0.3% | 32,516,201€ | -4.9% | 2,977,240€ | 9.2% | 341 | 1,368€ |
| 52 | Comtrade Distribution02297248 · Trade | 0.3% | 32,110,026€ | -3.8% | 1,430,781€ | 4.5% | 29 | 3,413€ |
| 53 | Fashion Company02456907 · Trade | 0.3% | 30,672,383€ | +19.2% | 4,874,613€ | 15.9% | 150 | 1,085€ |
| 54 | Monte Put02462494 · Transport & logistics | 0.3% | 30,334,100€ | +40.5% | 6,061,023€ | 20.0% | 315 | 1,940€ |
| 55 | Kips Gradnja03306828 · Construction | 0.3% | 28,639,760€ | +290.7% | 7,415,621€ | 25.9% | 30 | 1,336€ |
| 56 | Klikovac02191601 · Trade | 0.3% | 27,220,292€ | +7.4% | 675,030€ | 2.5% | 125 | 1,019€ |
| 57 | Cemex Montenegro02270803 · Trade | 0.3% | 26,684,935€ | +10.2% | 792,148€ | 3.0% | 8 | 3,247€ |
| 58 | Alliance02165473 · Trade | 0.3% | 26,284,174€ | +17.5% | 510,589€ | 1.9% | 82 | 1,909€ |
| 59 | Panvel02075512 · Manufacturing | 0.3% | 26,271,981€ | +22.0% | 440,919€ | 1.7% | 108 | 1,875€ |
| 60 | TCK Montenegro02655373 · Trade | 0.3% | 26,206,957€ | +6.2% | 633,327€ | 2.4% | 1 | 718€ |
| 61 | JP RT Crne Gore - Podgorica02020220 · Arts & entertainment | 0.3% | 26,193,843€ | +15.3% | 1,113,013€ | 4.2% | 743 | 1,418€ |
| 62 | Ledo02126265 · Trade | 0.3% | 26,047,566€ | No filing for 2024. | 1,330,063€ | 5.1% | 114 | 3,594€ |
| 63 | Multicom Retail02759535 · Trade | 0.3% | 25,651,468€ | +32.8% | 287,800€ | 1.1% | 120 | 1,303€ |
| 64 | Strabag Ag Austria02429381 · Construction | 0.3% | 24,933,196€ | -27.6% | 1,739,790€ | 7.0% | 1 | 4,381€ |
| 65 | Crnagoraput02013703 · Construction | 0.3% | 24,884,829€ | +8.1% | 666,981€ | 2.7% | 326 | 1,469€ |
| 66 | Pošta Crne Gore02867940 · Transport & logistics | 0.3% | 24,773,029€ | -7.4% | 461,110€ | 1.9% | 1,253 | 1,071€ |
| 67 | Tea Medica02404184 · Trade | 0.3% | 24,413,901€ | +4.9% | 1,318,228€ | 5.4% | 210 | 1,258€ |
| 68 | Euro Petrol CG02925940 · Trade | 0.2% | 23,538,570€ | +20.6% | 217,636€ | 0.9% | 39 | 1,992€ |
| 69 | Carlsberg Montenegro02657457 · Trade | 0.2% | 22,907,450€ | +5.4% | 1,561,029€ | 6.8% | 31 | 1,893€ |
| 70 | Carine02094754 · Hospitality | 0.2% | 22,538,339€ | -1.0% | 1,986,795€ | 8.8% | 250 | 1,044€ |
| 71 | LC Waikiki Retail Mne Podgorica03194817 · Trade | 0.2% | 21,429,051€ | +7.7% | 2,453,183€ | 11.4% | 135 | 1,314€ |
| 72 | Putevi02653893 · Construction | 0.2% | 20,602,062€ | +34.8% | 1,206,932€ | 5.9% | 340 | 1,537€ |
| 73 | Ventura Partners03320448 · Construction | 0.2% | 20,233,330€ | +465.5% | 3,315,104€ | 16.4% | 28 | 1,374€ |
| 74 | Glosarij CD02894998 · Trade | 0.2% | 20,129,791€ | +9.1% | 6,101,912€ | 30.3% | 20 | 2,603€ |
| 75 | Shandong Foreign Economic & Technical Cooperation CO. LTD. NR Kina03479951 · Construction | 0.2% | 19,129,059€ | +123.7% | 870,513€ | 4.6% | 26 | 1,886€ |
| 76 | Green Energy System03479226 · Energy, water & waste | 0.2% | 19,085,568€ | +1,544.7% | 68,124€ | 0.4% | 1 | 2,348€ |
| 77 | Terna Crna Gora02845237 · Energy, water & waste | 0.2% | 19,083,650€ | +4.0% | 8,396,630€ | 44.0% | 13 | 3,658€ |
| 78 | Kim Tec CG02438372 · Trade | 0.2% | 19,006,331€ | -30.9% | 1,402,917€ | 7.4% | 33 | 1,780€ |
| 79 | Nivel02081873 · Construction | 0.2% | 18,584,815€ | +1,152.9% | 757,708€ | 4.1% | 4 | 1,284€ |
| 80 | HSV Vlasotince03626164 · Construction | 0.2% | 18,152,601€ | +1,130.3% | 3,541,318€ | 19.5% | 6 | 7,565€ |
| 81 | Dajković Co Namos02333325 · Trade | 0.2% | 18,142,233€ | +7.3% | 3,112,885€ | 17.2% | 107 | 1,959€ |
| 82 | Home Systems02709392 · Trade | 0.2% | 17,856,524€ | +10.6% | 2,289,266€ | 12.8% | 49 | 1,377€ |
| 83 | Željeznička Infrastruktura Crne Gore02723816 · Construction | 0.2% | 17,705,799€ | -7.6% | -3,889,171€ | -22.0% | 811 | 927€ |
| 84 | Swisslion Takovo02645874 · Trade | 0.2% | 17,543,752€ | -3.4% | -153,973€ | -0.9% | 177 | 859€ |
| 85 | Zapad Banka03032531 · Finance & insurance | 0.2% | 17,275,000€ | +7.1% | 4,678,000€ | 27.1% | — | — |
| 86 | Entext02086484 · Trade | 0.2% | 17,243,889€ | No filing for 2024. | 169,397€ | 1.0% | 106 | 1,359€ |
| 87 | Vodovod i Kanalizacija02015641 · Energy, water & waste | 0.2% | 17,204,122€ | +30.9% | 917,493€ | 5.3% | 546 | 1,115€ |
| 88 | Vegapharm Mne02194007 · Trade | 0.2% | 17,120,523€ | +7.3% | 422,221€ | 2.5% | 176 | 1,141€ |
| 89 | Euro Tehnika MN02338181 · Trade | 0.2% | 16,827,387€ | +9.3% | 834,110€ | 5.0% | 99 | 1,252€ |
| 90 | Kuća Hemije02363933 · Trade | 0.2% | 16,796,632€ | +15.0% | 1,546,006€ | 9.2% | 160 | 1,127€ |
| 91 | Montenegro Tourist Service02685825 · Administrative services | 0.2% | 16,566,429€ | +66.0% | 327,021€ | 2.0% | 25 | 1,962€ |
| 92 | Krolbay03266567 · Hospitality | 0.2% | 16,361,754€ | +3.7% | -1,297,369€ | -7.9% | 269 | 2,010€ |
| 93 | Tehno Plus02325454 · Trade | 0.2% | 16,143,172€ | -1.6% | 126,657€ | 0.8% | 96 | 1,447€ |
| 94 | Meridianbet02353318 · Arts & entertainment | 0.2% | 16,081,069€ | +14.9% | 2,637,952€ | 16.4% | 168 | 1,701€ |
| 95 | Telemont02241102 · Professional services | 0.2% | 16,048,736€ | +6.3% | 438,215€ | 2.7% | 50 | 2,287€ |
| 96 | Telemach Crna Gora02811618 · Technology | 0.2% | 16,022,459€ | +2.5% | 1,194,063€ | 7.5% | 131 | 1,481€ |
| 97 | Veletex02395673 · Trade | 0.2% | 15,799,100€ | +0.0% | 918,759€ | 5.8% | 111 | 1,303€ |
| 98 | Adriatic Bank03087158 · Finance & insurance | 0.2% | 15,373,000€ | -56.0% | 268,000€ | 1.7% | — | — |
| 99 | GX 08102300923 · Construction | 0.2% | 15,322,250€ | +2,027.4% | 1,215,639€ | 7.9% | 529 | 1,881€ |
| 100 | Ribnica Commerce02046954 · Trade | 0.2% | 15,252,362€ | +9.3% | 959,492€ | 6.3% | 66 | 1,147€ |