Revenue
7.3% of Montenegro's revenue
3,730 companies earned 1.28b€ in 2025, 7.3% of all company revenue in Montenegro. It ranks 4 of 18 sectors by revenue. Revenue has grown 4.4× since 2015.
7.3% of Montenegro's revenue
1,317 with at most one employee
Largest employer: Budvanska Rivijera (600)
Total profit: 40.50m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 293,412,112€ | 1,514 |
| 2016 | 326,915,110€ | 1,760 |
| 2017 | 408,696,660€ | 1,996 |
| 2018 | 478,761,075€ | 2,271 |
| 2019 | 555,265,409€ | 2,491 |
| 2020 | 259,902,954€ | 2,701 |
| 2021 | 541,241,109€ | 2,889 |
| 2022 | 805,288,344€ | 3,220 |
| 2023 | 1,029,042,003€ | 3,598 |
| 2024 | 1,186,045,662€ | 3,784 |
| 2025 (Preliminary) | 1,281,069,991€ | 3,730 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue 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 3,730
* 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 →
Totals include 354 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 51 | Hunguest Hotels Montenegro02405695 · Herceg Novi | 0.2% | 2,967,834€ | +0.2% | 38,476€ | 1.3% | 82 | 1,266€ |
| 52 | Walter BBQ Crna Gora03572463 · Podgorica | 0.2% | 2,931,975€ | +60.1% | 135,337€ | 4.6% | 60 | 1,455€ |
| 53 | Ulcinjska Rivijera02006146 · Ulcinj | 0.2% | 2,868,804€ | +27.0% | 441,223€ | 15.4% | 76 | 1,249€ |
| 54 | Zeta Film02005263 · Budva | 0.2% | 2,863,684€ | -91.6% | 840,690€ | 29.4% | 13 | 1,659€ |
| 55 | Centro02458195 · Budva | 0.2% | 2,845,531€ | +23.5% | 633,288€ | 22.3% | 37 | 1,208€ |
| 56 | Hotel Princess03013464 · Bar | 0.2% | 2,837,992€ | +4.3% | 227,158€ | 8.0% | 75 | 1,054€ |
| 57 | Poseidon02832224 · Budva | 0.2% | 2,768,935€ | +0.9% | 670,601€ | 24.2% | 56 | 735€ |
| 58 | Food Style Mne02818124 · Tivat | 0.2% | 2,749,909€ | -13.6% | 135,721€ | 4.9% | 43 | 1,482€ |
| 59 | Obala Rafailovići02958813 · Budva | 0.2% | 2,739,063€ | +12.5% | 255,437€ | 9.3% | 41 | 801€ |
| 60 | Crib & Beer03212734 · Podgorica | 0.2% | 2,728,338€ | +47.1% | 142,860€ | 5.2% | 55 | 1,187€ |
| 61 | Trecom02045460 · Kotor | 0.2% | 2,705,584€ | +17.1% | 664,368€ | 24.6% | 45 | 1,327€ |
| 62 | Hefesta02967049 · Herceg Novi | 0.2% | 2,683,924€ | -13.0% | 25,806€ | 1.0% | 69 | 927€ |
| 63 | Pasta Fresca Mne03434338 · Tivat | 0.2% | 2,641,881€ | +678.2% | 67,112€ | 2.5% | 43 | 1,690€ |
| 64 | Coffee Cake03116344 · Zeta | 0.2% | 2,625,504€ | -2.3% | 821,150€ | 31.3% | 17 | 2,029€ |
| 65 | Calexico02954265 · Podgorica | 0.2% | 2,573,590€ | +10.3% | 63,902€ | 2.5% | 56 | 1,448€ |
| 66 | Aria02154226 · Zeta | 0.2% | 2,529,105€ | -2.8% | 261,940€ | 10.4% | 53 | 1,149€ |
| 67 | Savana Continental Property Management & Lodging03081940 · Podgorica | 0.2% | 2,517,764€ | +6.7% | 494,064€ | 19.6% | 42 | 1,658€ |
| 68 | Ohm Mamula Montenegro03095924 · Tivat | 0.2% | 2,484,251€ | +56.7% | -3,483,042€ | -140.2% | 62 | 2,860€ |
| 69 | Farro Mne03462188 · Budva | 0.2% | 2,476,810€ | +44.0% | 37,469€ | 1.5% | 10 | 2,355€ |
| 70 | Hotel Park03610250 · Budva | 0.2% | 2,366,930€ | +24.6% | 167,703€ | 7.1% | 17 | 1,977€ |
| 71 | Comp Comerc02055384 · Nikšić | 0.2% | 2,341,959€ | -9.4% | 12,104€ | 0.5% | 58 | 1,167€ |
| 72 | Radovanović02225883 · Tivat | 0.2% | 2,334,059€ | -1.5% | 233,686€ | 10.0% | 52 | 1,004€ |
| 73 | Globalis03158659 · Nikšić | 0.2% | 2,328,588€ | +0.2% | 405,634€ | 17.4% | 30 | 1,474€ |
| 74 | Montenegro Warmth03667219 · Bar | 0.2% | 2,285,035€ | +259.2% | 77,771€ | 3.4% | 3 | 57,575€ |
| 75 | Bello Porto02627248 · Budva | 0.2% | 2,254,203€ | +9.2% | 23,718€ | 1.1% | 30 | 1,442€ |
| 76 | Gospoština Lux03037029 · Budva | 0.2% | 2,243,451€ | +10.5% | 407,346€ | 18.2% | 38 | 938€ |
| 77 | Laganini03155820 · Budva | 0.2% | 2,242,523€ | +6.4% | 513,533€ | 22.9% | 33 | 1,378€ |
| 78 | Debt Management Project i Montenegro02836688 · Nikšić | 0.2% | 2,210,333€ | +70.6% | 1,076,611€ | 48.7% | 2 | 2,011€ |
| 79 | Sas Company02425238 · Podgorica | 0.2% | 2,171,079€ | +22.7% | 568,425€ | 26.2% | 24 | 731€ |
| 80 | Zaliv Pro03326373 · Tivat | 0.2% | 2,170,191€ | -17.1% | 182,785€ | 8.4% | 31 | 1,367€ |
| 81 | Optimist02815796 · Tivat | 0.2% | 2,137,097€ | -2.2% | 67,390€ | 3.2% | 19 | 2,233€ |
| 82 | Amelino02396475 · Ulcinj | 0.2% | 2,130,362€ | -8.3% | 128,458€ | 6.0% | 15 | 874€ |
| 83 | Zenobia Montenegro03321118 · Podgorica | 0.2% | 2,082,998€ | +8.2% | 30,852€ | 1.5% | 59 | 1,199€ |
| 84 | Adriatic Properties02638495 · Budva | 0.2% | 2,040,746€ | +12.0% | -9,525,538€ | -466.8% | 59 | 1,682€ |
| 85 | La Perla Hospitality03295419 · Tivat | 0.2% | 2,030,704€ | -69.1% | 163,229€ | 8.0% | 13 | 2,123€ |
| 86 | Mediteran Grupa02753103 · Budva | 0.2% | 2,017,670€ | -14.7% | 242,568€ | 12.0% | 40 | 1,149€ |
| 87 | Applicon Tours Montenegro03066827 · Budva | 0.2% | 1,984,150€ | +5.8% | 4,029€ | 0.2% | 4 | 3,812€ |
| 88 | Mimoza02008564 · Tivat | 0.2% | 1,982,480€ | +12.6% | -189,033€ | -9.5% | 51 | 1,323€ |
| 89 | Naky's03041646 · Podgorica | 0.2% | 1,982,059€ | +18.9% | 201,618€ | 10.2% | 28 | 1,167€ |
| 90 | Porto Budva Company02447746 · Budva | 0.2% | 1,964,967€ | +7.9% | 305,223€ | 15.5% | 35 | 1,008€ |
| 91 | Podcafe F&B03017982 · Podgorica | 0.2% | 1,947,299€ | -7.9% | 114,606€ | 5.9% | 45 | 1,092€ |
| 92 | Mare Invest03293734 · Tivat | 0.2% | 1,944,862€ | +29.3% | 280,363€ | 14.4% | 26 | 1,289€ |
| 93 | Ruža Vjetrova02172879 · Bar | 0.2% | 1,940,741€ | +1.9% | -575,584€ | -29.7% | 43 | 1,331€ |
| 94 | Sveti Stefan Hoteli03275108 · Budva | 0.2% | 1,928,275€ | +199.7% | 1,102,665€ | 57.2% | 4 | 3,118€ |
| 95 | Imperium03060551 · Podgorica | 0.2% | 1,923,539€ | +78.4% | 395,339€ | 20.6% | 35 | 1,550€ |
| 96 | Mimi Mediteran02049775 · Podgorica | 0.1% | 1,896,378€ | +14.8% | 343,632€ | 18.1% | 42 | 1,248€ |
| 97 | Kings Park Hotel03574997 · Podgorica | 0.1% | 1,892,211€ | +57.0% | 447,274€ | 23.6% | 36 | 1,089€ |
| 98 | Asia Food03294480 · Podgorica | 0.1% | 1,890,036€ | +3.5% | 251,061€ | 13.3% | 29 | 1,480€ |
| 99 | Babi G&W03472540 · Podgorica | 0.1% | 1,873,209€ | +22.0% | 118,397€ | 6.3% | 41 | 1,436€ |
| 100 | I N C02425912 · Budva | 0.1% | 1,849,738€ | -4.6% | 209,422€ | 11.3% | 30 | 1,710€ |