Vasil Georgiev Velev is a businessperson who has been at the head of 6 different companies and currently occupies the position of Director & Managing Partner at BIC Hold, Chairman for Fazan AD and Chief Executive Officer & Executive Director at Hydraulic Elements & Systems AD. Mr. Velev is also Chairman at Technical University of Sofia, Chairman of Bulgarian Industrial Capital Association, Vice President for Economic & Social Council, Member of International Congress of Industrialists & Entrepreneurs and Vice President of National Council For Tripartite Cooperation and on the board of 12 other companies.

In the past Mr. Velev held the position of President for International Organisation of Employers and President at International Coordinating Council of Employers' Unions.

Vasil Georgiev Velev received an undergraduate degree from Technical University of Sofia and a graduate degree from Varna University of Economics.