Vasil Georgiev Velev (born on April 1, 1959) is the Executive Director of Stara Planina Hold Plc and Chairman of the Governing Board of the Bulgarian Industrial Capital Association (BICA).
In 1977 he graduated with honors from the 133rd High School in Sofia. He has won a number of awards in Olympiada in mathematics, physics, chemistry and biology. Mr. Velev graduated from the Reserve Officers' Training School at the Bulgarian Air Force Academy in the town of Dolna Mitropolia, specializing in “Aircraft and Engine Technical Maintenance” and, ahead of schedule, was promoted to the rank of an officer in 1978. In 1984 he graduated with honors from the Faculty of Automation at the Technical University in Sofia winning a gold medal as the leader of his class.
In 2008 Vasil Velev obtained a master’s degree from the University of Economics in Varna, specializing in Corporate Development and Management.
He has taken part in private business since its inception in recent Bulgarian history and initially has been involved in activities mainly in the field of financial assets management, trade, real estate, mechanical engineering. Mr. Velev is the Founder of Interfininvest AD, Managing Partner of BIC Hold etc.
Vasil Velev is an initiator of the establishment and first president of numbers of non-governmental organizations. He established the first foundation in our country after the beginning of the democratic changes – Evrika Foundation which preserved the property and traditions of TNTM, and the Aid for Charity in Bulgaria (BCause) Foundation, contributed to the introduction in our country of the world experience and standards in charity, etc. For a certain period of time, he has been lecturing, leading a Management of Non-Profit Organizations course at the University of National and World Economy. He has won a number of awards for his contribution to the development of civil society in Bulgaria such as the prize of the Economic and Social Council. In 2013 he was awarded the traditional prize of the Union of the National Community Centers "Follower of the People's Awakeners".
Mr. Velev is a co-founder and since 1999 - the executive director of Stara Planina Hold Plc. In the recent years, the company has been invariably included in the representative indices on the Bulgarian Stock Exchange as well as in the index of companies with the best corporate governance. Over the years Stara Planina Hold Plc has been included in a number of Dow Jones indices for Central and Eastern Europe as well. It is the only holding company in our country that has paid dividends every year since its establishment in the last century until today. Four of its subsidiaries are also listed on the stock exchange. The holding company and its subsidiaries are often among the first in the investors” ranking "TOP 10 shares of the forum". Vasil Velev is winner of a number of business awards such as the Burov Prize, the Icarus Business Award and others.
He is the executive director of M + S Hydraulic Plc, HES Plc and M+S-97 AD, Managing Partner of BIC Hold Ltd., Garant 5 Ltd., Velev Invest Ltd., member of the Board of Directors of Elhim Iskra Plc.