On 30 September 2022. TEREM – SHIPYARD Flotki Arsenal - Varna celebrated 125 years since its foundation.

At an official event the company celebrated its anniversary in the presence of business partners and employees. At a solemn ceremony, after greeting all former and current employees of the shipyard during his speech and thanking them for their hard work over the years, the Company's General Manager - Eng. Danail Slavov, awarded seven employees with a Plaque of Honor for their overall contribution to the development of "Flotski Arsenal", thanking them for their many years of professional experience in the company and their outstanding dedication to the profession. A total of 21 employees, one from each department, were honored and awarded with a Certificate of Appreciation for their significant contribution to the development of the company, the awards were presented by the Director of Production - Mr. Stoyan Stoyanov.

TEREM - SHIPYARD Flotski Arsenal - Varna is a pioneer in the shipbuilding industry with extensive experience, excellent infrastructure and advanced equipment, as well as a leader in ship repair of commercial and military vessels.