Montenegro’s highest-grossing companies

Montenegro’s highest-grossing companies

Montenegro, a small Balkan country, has a diverse economy primarily driven by tourism, energy, trade, and finance. Its highest-grossing companies span these sectors, reflecting the country’s strategic location and natural resources. Below is an overview of some of Montenegro’s most prominent companies:

1. EPCG (Elektroprivreda Crne Gore)

Elektroprivreda Crne Gore (EPCG) is Montenegro’s leading energy company, responsible for generating, transmitting, and distributing electricity. With a dominant market position, EPCG contributes significantly to the national economy. The company manages several hydroelectric and thermal power plants, making energy one of Montenegro’s primary export products.

2. Jugopetrol AD

Jugopetrol AD, a subsidiary of Greece’s Hellenic Petroleum, is Montenegro’s largest oil and gas company. It operates an extensive network of fuel stations across the country and plays a vital role in the energy supply chain. The company also manages oil storage facilities and provides high-quality petroleum products.

3. Crnogorski Telekom

Crnogorski Telekom, part of the Deutsche Telekom group, is the largest telecommunications provider in Montenegro. Offering mobile, fixed-line, and internet services, the company has a strong customer base and contributes to the country’s digital infrastructure development.

4. Uniprom KAP

Uniprom KAP (Kombinat Aluminijuma Podgorica) is Montenegro’s largest aluminum producer. The company plays a key role in the industrial sector, producing aluminum for export markets. The metal industry is crucial for Montenegro’s economy, with Uniprom KAP leading the charge.

5. Voli Trade

Voli Trade is Montenegro’s largest retail chain, with supermarkets and hypermarkets nationwide. Known for offering a wide variety of products, Voli has become a household name in Montenegro. The company also supports local agriculture by sourcing goods from Montenegrin farmers.

6. Porto Montenegro

Porto Montenegro is a luxury marina and residential development in Tivat. Owned by Dubai-based investment company ICD, it attracts high-net-worth individuals and yacht enthusiasts worldwide. This project has significantly boosted Montenegro’s tourism and real estate sectors.

7. Plantaže 13. Jul

Plantaže 13. Jul is a renowned wine producer and one of the largest vineyards in Europe. The company exports wines and brandies to numerous international markets, making it a key player in Montenegro’s agribusiness and export economy.

8. Hipotekarna Banka

Hipotekarna Banka is one of Montenegro’s most profitable banks, offering various financial services, including loans, savings, and investment solutions. Its strong performance reflects the growing financial sector in Montenegro.

9. CKB (Crnogorska Komercijalna Banka)

Part of the OTP Group, CKB is another leading bank in Montenegro, serving both retail and corporate clients. It is integral to Montenegro’s banking sector, offering a wide range of financial products.

10. Adriatic Marinas

Adriatic Marinas is the developer behind the prestigious Porto Novi project, another luxury marina and residential complex. Like Porto Montenegro, it targets affluent clientele and enhances Montenegro’s reputation as a premium tourist destination.

Economic Significance

These companies collectively underpin Montenegro’s economy, generating substantial revenue and creating employment opportunities. Sectors such as energy, tourism, retail, and finance are critical to the nation’s growth, with these high-performing companies leading the way. As Montenegro continues its path toward EU integration, these businesses are poised to expand their influence in regional and international markets.