Image Credits: podoboq – Sofia

Original article by Federico Guerrini

Starting next Tuesday, thousands of attendees will flock to Sofia, Bulgaria, to take part in the Webit.Festival, the largest of a number of conferences that the Webit Foundation, chaired by Bulgarian serial entrepreneur and investor Plamen Russev, is organizing across Europe and Asia.

After being held at many venues, the festival is relocating to the organizer’s home country, where it all started in 2008. The move is perfectly in line with the new ethos and dynamism of the booming capital tech scene, dubbed recently by StartupDorf’s blogger Svetla Miteva as “the hidden startup champion of Europe.”

Companies like Telerik, Chaos Group (the maker of the V-Ray software), and more recently, Tickey, have boosted the reputation of Bulgarian engineers and developers around the world. Sofia was even listed among the 10 top cities to launch a startup in an infographic curated by the The Brighton School of Business and Management and published by Seedstars World.

Bulgaria’s low 10% income tax rate makes it particularly attractive for business owners, although they do still have to contend with widespread corruption. But it’s a vibrant ecosystem, albeit not a very well-known one. I caught up with Russev to learn a bit more about Bulgaria and Central Europe in general. Below’s the interview.

Read the whole article on Forbes.


Apr 14, 2016 By Ivo Radulovski