French bank notes to be printed in Sofia
The arm of Bulgarian National Bank that prints Bulgaria’s bank notes has set up a joint venture with a French company to print France’s bank notes in Sofia.
Francois Charles Oberthur International is investing ?22m to expand and modernize the operation. It will be based in Sofia and the number of employees is expected to triple to 190 by 2016.
This is the first time in the group’s 170 year history it has based banknote production outside France.