Revenue
1.6% of Montenegro's revenue
934 companies earned 282.81m€ in 2025, 1.6% of all company revenue in Montenegro. It ranks 10 of 25 municipalities by revenue. Revenue has grown 3.6× since 2015.
1.6% of Montenegro's revenue
45.5 per 1,000 residents · Montenegro 57.3
Largest employer: Cungu & Co (289)
Total profit: 15.13m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 77,677,533€ | 450 |
| 2016 | 85,949,229€ | 476 |
| 2017 | 97,126,182€ | 514 |
| 2018 | 109,246,063€ | 563 |
| 2019 | 122,083,408€ | 631 |
| 2020 | 85,616,803€ | 684 |
| 2021 | 118,582,868€ | 739 |
| 2022 | 188,717,053€ | 809 |
| 2023 | 229,349,373€ | 868 |
| 2024 | 256,859,958€ | 924 |
| 2025 (Preliminary) | 282,808,103€ | 934 |
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 934
* 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 | Cungu & Co02256134 · Trade | 10.0% | 28,354,457€ | +15.0% | 3,723,152€ | 13.1% | 289 | 1,109€ |
| 2 | Solaris & Co02375036 · Trade | 5.7% | 16,042,770€ | +14.0% | 532,364€ | 3.3% | 81 | 975€ |
| 3 | Kallaba Company02231492 · Trade | 3.9% | 11,143,572€ | +6.1% | 281,246€ | 2.5% | 74 | 885€ |
| 4 | Građacomerc02096528 · Trade | 3.1% | 8,743,931€ | +5.8% | 1,177,629€ | 13.5% | 49 | 1,122€ |
| 5 | Nedim Komerc02215209 · Trade | 2.5% | 7,037,245€ | +53.6% | 345,205€ | 4.9% | 12 | 854€ |
| 6 | HB Com02402971 · Trade | 2.1% | 6,030,189€ | +8.1% | 242,595€ | 4.0% | 40 | 1,033€ |
| 7 | Donita Mne03455068 · Construction | 1.7% | 4,871,423€ | +60.7% | 376,057€ | 7.7% | 16 | 703€ |
| 8 | Argos02693259 · Hospitality | 1.7% | 4,723,667€ | +7.5% | 80,994€ | 1.7% | 133 | 813€ |
| 9 | Sport Billy02358395 · Construction | 1.6% | 4,607,069€ | -11.4% | 666,772€ | 14.5% | 49 | 554€ |
| 10 | Jadran Market02354845 · Trade | 1.6% | 4,469,299€ | +5.7% | 178,254€ | 4.0% | 40 | 872€ |
| 11 | Mobilars02320096 · Trade | 1.4% | 4,086,420€ | +23.4% | 675,722€ | 16.5% | 21 | 719€ |
| 12 | Komunalne Djelatnosti02877538 · Energy, water & waste | 1.4% | 4,057,760€ | +6.8% | 762,480€ | 18.8% | 179 | 1,142€ |
| 13 | Lamiga Group02821885 · Trade | 1.4% | 3,948,229€ | -7.0% | 315,702€ | 8.0% | 48 | 762€ |
| 14 | Concordia-Comerc02054566 · Trade | 1.4% | 3,845,795€ | -7.1% | 245,036€ | 6.4% | 34 | 1,042€ |
| 15 | Kurti02197570 · Trade | 1.3% | 3,781,173€ | -10.7% | 254,439€ | 6.7% | 3 | 730€ |
| 16 | Vodovod i Kanalizacija02877449 · Energy, water & waste | 1.2% | 3,533,066€ | +35.7% | -166,777€ | -4.7% | 115 | 1,204€ |
| 17 | Alumil02299852 · Manufacturing | 1.2% | 3,380,876€ | +15.8% | 54,495€ | 1.6% | 13 | 721€ |
| 18 | Nimani Company02465396 · Trade | 1.1% | 3,068,323€ | +20.9% | 124,292€ | 4.1% | 7 | 921€ |
| 19 | Ig Group03597407 · Construction | 1.1% | 3,057,494€ | +1,005,654.6% | 109,150€ | 3.6% | 2 | 961€ |
| 20 | Ulcinjska Rivijera02006146 · Hospitality | 1.0% | 2,868,804€ | +27.0% | 441,223€ | 15.4% | 76 | 1,249€ |
| 21 | Butrint02293927 · Trade | 0.9% | 2,665,535€ | +11.0% | 38,350€ | 1.4% | 6 | 1,473€ |
| 22 | Ema Kop03264670 · Construction | 0.9% | 2,658,082€ | +138.4% | 89,180€ | 3.4% | 10 | 1,042€ |
| 23 | Pharmalife02878704 · Trade | 0.9% | 2,521,474€ | -5.9% | 48,115€ | 1.9% | 35 | 1,011€ |
| 24 | Loud Shop03244784 · Trade | 0.9% | 2,472,760€ | +7.2% | 75,999€ | 3.1% | 9 | 1,622€ |
| 25 | Kasmi Company02831155 · Trade | 0.8% | 2,316,484€ | -10.6% | -84,621€ | -3.7% | 8 | 601€ |
| 26 | Ar.Beton-Construction03331393 · Construction | 0.8% | 2,288,817€ | -28.2% | 22,849€ | 1.0% | 5 | 777€ |
| 27 | Kuqi Company02068362 · Trade | 0.8% | 2,166,882€ | +14.8% | 243,727€ | 11.2% | 6 | 828€ |
| 28 | Dream House03279014 · Construction | 0.8% | 2,152,908€ | +2,891.0% | 144,966€ | 6.7% | 3 | 570€ |
| 29 | Amelino02396475 · Hospitality | 0.8% | 2,130,362€ | -8.3% | 128,458€ | 6.0% | 15 | 874€ |
| 30 | Tapacir Kurti02329387 · Manufacturing | 0.7% | 2,085,085€ | +3.3% | 67,441€ | 3.2% | 76 | 720€ |
| 31 | Dolcinium Kite Beach03239292 · Arts & entertainment | 0.7% | 1,950,210€ | +27.6% | 406,639€ | 20.9% | 17 | 1,455€ |
| 32 | Amfitrita02174294 · Hospitality | 0.6% | 1,725,805€ | -6.8% | 373,642€ | 21.7% | 43 | 582€ |
| 33 | Zejdin02199521 · Transport & logistics | 0.6% | 1,700,230€ | +35.0% | 320,446€ | 18.8% | 17 | 2,108€ |
| 34 | Ardi-Company02378663 · Trade | 0.6% | 1,681,341€ | -10.9% | 37,861€ | 2.3% | 26 | 779€ |
| 35 | Bajro Company02949270 · Trade | 0.6% | 1,673,375€ | +4.1% | 66,539€ | 4.0% | 7 | 887€ |
| 36 | Tula Company02645351 · Manufacturing | 0.6% | 1,626,741€ | +7.5% | 85,955€ | 5.3% | 14 | 692€ |
| 37 | Aluminiska Bravarija Vero-Al02619563 · Construction | 0.5% | 1,463,904€ | +11.0% | 75,585€ | 5.2% | 22 | 717€ |
| 38 | Agris02305500 · Trade | 0.5% | 1,456,781€ | +10.5% | -91,927€ | -6.3% | 10 | 1,345€ |
| 39 | Ciling02790602 · Construction | 0.5% | 1,392,866€ | +161.5% | 105,486€ | 7.6% | 17 | 680€ |
| 40 | Pio02456010 · Hospitality | 0.5% | 1,345,390€ | +2.3% | 7,132€ | 0.5% | 51 | 1,018€ |
| 41 | Becovic Menagement Group02440059 · Hospitality | 0.5% | 1,315,812€ | -4.4% | -677,894€ | -51.5% | 27 | 1,933€ |
| 42 | Arch & Construction03007022 · Construction | 0.5% | 1,304,225€ | +36.5% | 58,441€ | 4.5% | 9 | 769€ |
| 43 | Nakban-F03278077 · Construction | 0.5% | 1,290,874€ | -13.0% | 170,614€ | 13.2% | 1 | 922€ |
| 44 | V.P. Euro02742225 · Trade | 0.5% | 1,277,887€ | -0.4% | 19,107€ | 1.5% | 3 | 1,035€ |
| 45 | Bratica Commerce02053233 · Trade | 0.4% | 1,257,218€ | -1.2% | 19,513€ | 1.6% | 14 | 995€ |
| 46 | Credo02262959 · Manufacturing | 0.4% | 1,229,747€ | +7.5% | 32,853€ | 2.7% | 23 | 1,176€ |
| 47 | Cabo03086208 · Hospitality | 0.4% | 1,213,974€ | +2.9% | 37,160€ | 3.1% | 10 | 1,091€ |
| 48 | Lemiko-Impex02235374 · Hospitality | 0.4% | 1,175,833€ | +1.4% | 72,963€ | 6.2% | 29 | 1,137€ |
| 49 | Finish Work03303713 · Construction | 0.4% | 1,162,865€ | +498.9% | 110,412€ | 9.5% | 14 | 843€ |
| 50 | Mastering02714574 · Construction | 0.4% | 1,082,869€ | -25.4% | 434,561€ | 40.1% | 7 | 669€ |