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Камара на професионалните оценители (КПО) 
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15 B Vrabcha Str.
BG-1000 Sofia

Tel: +359 885 322 380


Chairman: Tzenka Bozhilova MRICS REV
Directors: Andrey Ivanov MRCIS, Sergey Mashiah, Martin Bonchev, Vanya Asenova

Number of direct members: 1 individual & 15 valuation companies
Number of valuation companies: 15
Number of qualified valuers (individuals): 1 + 119 through valuation companies

Member of TEGoVA since: April 2017
Category of membership: Full


Founded in 2009, the Chamber’s main objective is to support the activities of professional valuers in Bulgaria.

Permanent Representatives to TEGoVA

Tzenka Bozhilova

Tzenka Bozhilova MRICS REV

Chairman of the Board of Directors

Managing Partner
11, Arsenalski Blvd.
BG-1724 Sofia

Tel.: +359 2 4471 278
Mob.: +359 889 632310

Victor Genev

Victor Genev MBA CFA REV

Member of the Control Committee

Amrita Consulting House Ltd.
Business Consultancy
Lozenetz, 50, "Yoan Ekzarh" Str.
BG-1164 Sofia

Tel: +359 2 865 09 09

Brief History and Role

Founded on 21st of May, 2009, the Chamber of the Professional Valuers is an independent, not-for-profit, private sector organization. It is founded on the principles of expertise, experience, integrity and honesty.

The Chamber's main objective is to support the activities of professional valuers in Bulgaria, providing the deployment and implementation of European and international valuation standards, observing the valuers' Code of Ethics and the introduction of best international practices in valuation.

Principal Activities

  • Organize and conduct courses for maintaining and raising the qualification level of professional valuers and to issue a certificate on completion of a course or on a specialization assignment of a valuer.

  • Issue and approve manuals and other materials and publications, by which shall be carried out methodological guidance of the activities of professional valuers.

  • Represent professional valuers in public, government bodies/public authorities and international organizations etc.

Principal Areas of Policy

The principal areas of policy cover the following:

  • Accounting Standards & Financial Reporting
  • Education & Training

  • Ethical Practice

  • Professional Recognition in Bulgaria

  • Valuation


Management authorities of the Chamber are the General Assembly, Management Board, Control Committee and Professional Ethics Committee. The Chamber is represented by the Chairman of the Management Board, who is also its Director/Manager.


The members of the Chamber of Professional Valuers are companies or individuals professionally practising the profession of Valuer;

The members of the Chamber are individuals or companies who cover at least one of the following conditions:

  • Have at least 5 years experience as valuer;

  • Considerable part of their annual income for the last 3 years is based on activities as a valuer.

The candidates for member of the Chamber should present two recommendations from actual members of the Chamber of the Professional Valuers when applying for the membership

The founders of the Chambers are its members by rights.

The Chamber of the Professional Valuers (CPV) could have as members: Bulgarian companies as well as foreign companies or individuals if they meet the membership requirements.

Company Members

Current company members:

1. Arco Real Estate

2. Advance Valuations

3. Astreet

4. Bonka Boncheva


6. Elta Consult OOD


8. Colliers International

9. AMRITA Consulting House Ltd.

10. KPMG Bulgaria OOD

11. PricewaterhouseCoopers Bulgaria EOOD

12. Kolarsky Consult

13. Forton International

14. Helony CO

15. Ernst & Young Bulgaria EOOD


Ethic Code

The Code of Ethics defines the basic rules and principles of professional activity of the Chamber of Professional Valuers (CPV). The Code is developed taking into account the best professional practices in various international Valuers Associations.

Members of the Chamber should:

  • apply the valuer's methods and approaches in accordance with the best professional practices and approved standards;

  • observe moral standards, objectivity, loyalty, competence and respect in interrelations with clients, with other consumers of the valuation services, and with the professional community;

  • operate conscientiously when using confidential information;

  • be competent in the field of valuation, to possess the required knowledge and skills, to constantly maintain the professional qualification in the field of valuation activity;

  • observe moral standards and exercise unprejudiced opinion when reviewing other valuers' assessment reports.


Manuals and other materials and publications, by which shall be carried out methodological guidance of the activities of professional valuers.


The Chamber is member of International Valuation Standards Council (IVSC).

Awarding member association

Recognised European Valuer
Awarding Member Association

The association has the right to award Recognised European Valuer status (designated by the letters REV) to its members.