“The first quarter of this year is in line with what we budgeted, we saw slight growth,” Vard Tulcea general manager Laurentiu Rusinoiu told ZF.

The shipyard had 2,726 employees and posted RON64 million net profit in 2022 compared with a loss of RON18 million in 2021.

(English version by Loredana Fratila-Cristescu)