Progress Software

Promotional image of Vassil Terziev's campaign as mayoral candidate of Sofia, nominated by 'We Continue the Change', Democratic Bulgaria, Save Sofia and Sofia's Team.

Bulgaria's capital Sofia has a booming technology scene, a Forbes article has noted.

The piece has been published ahead of the Webit Festival due next week in Sofia.

Bulgaria and Romania can partly trace the roots of their current tech boom to the communist years and "the romantic era of home computing", a recent article says.

At the time, Bulgaria and Romania's school curricula "were packed with math, electronics, and physics" due to the need for skilled professionals who could "reverse-engineer" Western technology.

A number of features such as a financially friendly environment, already flowing investment highly-skilled people are among the factors behind Bulgaria's boomign startup scene as seen in 2015, Inventures magazine says in an article about the counry's emerging startup industry.

Bulgarian software company Fadata, a leading vendor of software solutions for financial and insurance business, has new owners - UK-based insurance services group Charles Taylor, and The Riverside Company, a global private equity firm.

Novinite has interviewed Vassil Terziev - co-founder and CEO of Telerik AD and current Chief Innovation Officer of Progress Software.