Revenue
1.6% of Montenegro's revenue
260 companies earned 275.20m€ in 2025, 1.6% of all company revenue in Montenegro. It ranks 11 of 25 municipalities by revenue. Revenue has grown 2.8× since 2015.
1.6% of Montenegro's revenue
16.2 per 1,000 residents · Montenegro 57.3
Largest employer: Hifa Oil CG (105)
Total profit: 14.42m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 98,706,534€ | 76 |
| 2016 | 111,696,923€ | 82 |
| 2017 | 119,495,670€ | 87 |
| 2018 | 126,642,248€ | 98 |
| 2019 | 131,043,958€ | 109 |
| 2020 | 97,613,114€ | 119 |
| 2021 | 122,653,984€ | 134 |
| 2022 | 138,363,297€ | 149 |
| 2023 | 204,532,621€ | 190 |
| 2024 | 245,104,393€ | 229 |
| 2025 (Preliminary) | 275,203,025€ | 260 |
The number of companies jumped most in 2023: from 149 to 190.
† Zeta became a municipality in 2022; earlier years show companies seated there today
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 260
* 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 | Hifa Oil CG03136981 · Trade | 20.9% | 57,428,372€ | +17.7% | 1,317,780€ | 2.3% | 105 | 1,256€ |
| 2 | Zeta Trade02634163 · Trade | 8.9% | 24,610,794€ | +32.0% | 1,320,997€ | 5.4% | 16 | 1,303€ |
| 3 | Autočačak Podgorica02466414 · Trade | 7.0% | 19,310,229€ | +4.0% | 1,934,906€ | 10.0% | 24 | 1,439€ |
| 4 | Bobi Commerce02186586 · Trade | 6.6% | 18,155,046€ | +1.5% | 634,257€ | 3.5% | 40 | 1,821€ |
| 5 | Jadran Auto03069052 · Trade | 4.2% | 11,680,415€ | +40.5% | 339,346€ | 2.9% | 15 | 2,246€ |
| 6 | Čelebić Petrol Trade03077268 · Trade | 3.3% | 9,209,955€ | -7.3% | 223,381€ | 2.4% | 23 | 898€ |
| 7 | GP Mićoni02745615 · Construction | 3.3% | 9,109,183€ | +174.7% | 1,593,161€ | 17.5% | 3 | 5,132€ |
| 8 | Lukana02359553 · Transport & logistics | 3.1% | 8,466,536€ | -9.8% | 698,559€ | 8.3% | 85 | 1,679€ |
| 9 | Vujačić Company02782367 · Trade | 3.1% | 8,428,733€ | +9.1% | 626,678€ | 7.4% | 32 | 1,736€ |
| 10 | Winner Company03314006 · Trade | 2.4% | 6,506,511€ | +21.9% | 114,321€ | 1.8% | 2 | 1,497€ |
| 11 | San Francisko02206196 · Trade | 2.0% | 5,578,865€ | +5.4% | 118,647€ | 2.1% | 4 | 604€ |
| 12 | Zeta Petrol03044629 · Trade | 2.0% | 5,570,156€ | +13.8% | 153,853€ | 2.8% | 8 | 840€ |
| 13 | Vujačić Id02316994 · Trade | 1.9% | 5,300,297€ | +5.2% | 1,067,430€ | 20.1% | 18 | 1,580€ |
| 14 | Koprivica02239442 · Transport & logistics | 1.6% | 4,539,248€ | +74.1% | 743,719€ | 16.4% | 28 | 778€ |
| 15 | Sirex02732688 · Trade | 1.6% | 4,390,850€ | +11.2% | 242,648€ | 5.5% | 9 | 1,146€ |
| 16 | Montefruit02685086 · Trade | 1.2% | 3,358,917€ | -37.2% | -468,487€ | -13.9% | 6 | 740€ |
| 17 | Pet Pan02309530 · Transport & logistics | 1.1% | 3,091,770€ | +70.7% | 54,888€ | 1.8% | 2 | 706€ |
| 18 | Kingscliffe Distribution Montenegro02303337 · Transport & logistics | 1.1% | 3,063,507€ | -6.8% | 228,369€ | 7.5% | 30 | 1,335€ |
| 19 | Holcorn02132982 · Trade | 1.0% | 2,758,663€ | +10.1% | 188,345€ | 6.8% | 7 | 1,832€ |
| 20 | MM Zeta03005399 · Trade | 1.0% | 2,738,618€ | +19.8% | 108,306€ | 4.0% | 19 | 678€ |
| 21 | Vag Komerc02070294 · Transport & logistics | 1.0% | 2,683,689€ | +9.2% | 153,576€ | 5.7% | 23 | 708€ |
| 22 | Coffee Cake03116344 · Hospitality | 1.0% | 2,625,504€ | -2.3% | 821,150€ | 31.3% | 17 | 2,029€ |
| 23 | Aria02154226 · Hospitality | 0.9% | 2,529,105€ | -2.8% | 261,940€ | 10.4% | 53 | 1,149€ |
| 24 | Gora Stil02358239 · Manufacturing | 0.9% | 2,493,570€ | +19.0% | 146,977€ | 5.9% | 34 | 970€ |
| 25 | Medex02235790 · Transport & logistics | 0.8% | 2,289,451€ | +10.6% | 177,218€ | 7.7% | 14 | 1,957€ |
| 26 | Bobus02373084 · Transport & logistics | 0.8% | 2,275,337€ | +6.6% | 87,694€ | 3.9% | 26 | 1,173€ |
| 27 | Voćar Kalja Co02831945 · Trade | 0.7% | 1,997,545€ | +37.2% | 117,981€ | 5.9% | 10 | 1,326€ |
| 28 | Moneti SS03609758 · Energy, water & waste | 0.7% | 1,948,546€ | +30.9% | 110,139€ | 5.7% | 6 | 618€ |
| 29 | Mićoni Metali03216187 · Construction | 0.7% | 1,925,962€ | -10.8% | 2,394€ | 0.1% | 37 | 1,484€ |
| 30 | Javno Komunalno Preduzeće03617017 · Energy, water & waste | 0.6% | 1,759,189€ | +535.3% | 382,689€ | 21.8% | 56 | 1,018€ |
| 31 | Top Logistics02865394 · Transport & logistics | 0.6% | 1,749,002€ | +6.6% | 188,389€ | 10.8% | 11 | 1,185€ |
| 32 | Pop Petrol03344304 · Trade | 0.6% | 1,704,574€ | +0.6% | 25,398€ | 1.5% | 11 | 1,343€ |
| 33 | Armont03610551 · Construction | 0.6% | 1,668,077€ | -9.9% | 31,926€ | 1.9% | 1 | 555€ |
| 34 | BTC Zeta03486125 · Transport & logistics | 0.5% | 1,430,846€ | +62.5% | 211,641€ | 14.8% | 15 | 2,857€ |
| 35 | Spectrum Group03116662 · Construction | 0.5% | 1,283,165€ | -28.4% | 75,896€ | 5.9% | 7 | 1,010€ |
| 36 | Senić Petrol02248026 · Trade | 0.4% | 1,172,599€ | -70.9% | 17,251€ | 1.5% | 5 | 2,033€ |
| 37 | Dar Prirode03141314 · Trade | 0.4% | 1,147,684€ | -12.2% | 26,860€ | 2.3% | 4 | 748€ |
| 38 | Zeta Mont02420791 · Manufacturing | 0.4% | 1,029,190€ | +40.3% | 22,058€ | 2.1% | 10 | 1,129€ |
| 39 | Red Montenegro02665891 · Transport & logistics | 0.4% | 973,903€ | -9.8% | 14,644€ | 1.5% | 8 | 1,507€ |
| 40 | Euro Truck - Montenegro02212200 · Trade | 0.3% | 824,291€ | +0.6% | 25,618€ | 3.1% | 3 | 762€ |
| 41 | As Pharm02859050 · Trade | 0.3% | 807,098€ | -0.2% | 859€ | 0.1% | 7 | 1,031€ |
| 42 | M & D Aligrudić Company02316889 · Trade | 0.3% | 807,092€ | +7.4% | 22,484€ | 2.8% | 7 | 1,306€ |
| 43 | Dragije02259192 · Trade | 0.3% | 792,723€ | +3.7% | 43,596€ | 5.5% | 9 | 847€ |
| 44 | Rec Montenegro03237982 · Trade | 0.3% | 784,841€ | +20.5% | -705€ | -0.1% | 1 | 1,209€ |
| 45 | Zeta Car02894734 · Transport & logistics | 0.3% | 784,576€ | +16.8% | 3,976€ | 0.5% | 20 | 903€ |
| 46 | MM-Comerce02904799 · Transport & logistics | 0.3% | 780,641€ | +7.2% | 44,430€ | 5.7% | 5 | 2,301€ |
| 47 | PSC Knezevic03032221 · Trade | 0.3% | 779,628€ | +16.1% | 9,106€ | 1.2% | 14 | 911€ |
| 48 | Forsee.Me03059570 · Technology | 0.3% | 772,902€ | +23.7% | 17,362€ | 2.2% | 1 | 4,347€ |
| 49 | Finfruit02645238 · Transport & logistics | 0.2% | 611,320€ | +2.4% | 35,021€ | 5.7% | 5 | 1,494€ |
| 50 | Vukom Montenegro02784556 · Manufacturing | 0.2% | 590,179€ | +48.1% | 37,565€ | 6.4% | 6 | 805€ |