The new mayor of Sofia – Vasil Terziev, declared as such by the Municipal Election Commission – Capital Municipality, won the elections with 48.17% against 46.92% against Vanya Grigorova (with 99.78% processed protocols).
What do we know about the new mayor, nominated by “We continue the change – Democratic Bulgaria” and “Save Sofia”?
Vasil Terziev (born June 9, 1978) is a Bulgarian entrepreneur, investor and philanthropist. He is known as the co-founder and CEO of Telerik, a global provider of software development and content management tools and solutions. In 2014, Telerik was sold for $262.5 million, which at the time was the largest deal in the history of the Bulgarian startup ecosystem. Terziev has a key role in the development of the technological and innovative ecosystem in Bulgaria through its numerous initiatives and investments. In addition, it supports the attraction of investments in many businesses in Bulgaria.
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Early years and education
Vasil Terziev was born on June 9, 1978. He studied at the First English Language High School in Sofia from 1992 to 1996. Then he was a student at the American University in Bulgaria (AUB) in Blagoevgrad from 1996 to 2001, graduating with Honors major in Business Administration.
After his first year at AUBG, Vasil Terziev participated in the brigade program in the USA. After returning to Bulgaria, he started his first business – an Internet telephone operator. The venture was not a financial success, but it was a turning point for Terziev, who chose a career in technology instead of the financial sector.
After a series of short stints at various jobs, joined SwiftPro, a UK-based company, where he took on the role of “Project Manager”. In SwiftPro, Vasil Terziev worked together with his friends from AUBG Boyko Yaramov and Svetozar Georgiev, as well as with Hristo Kosev, who later became his partners in Telerik, and later he was among the founders of the famous Telerik Academy.
Vasil Terziev started investing in Bulgarian startups and venture capital funds, seeing the lack of funding and knowledge of how companies are built. Between 2012 and 2017, he was the most active angel investor (investor in early stage development of technology companies) in the Bulgarian entrepreneurial community and supported over 60 companies.