Balkans Investment Consulting Agency (BICA) is a private company providing fund management, as well as project and asset management services in Central and Eastern Europe.

BICA News 2010

December 2010
BICA received quality certificate ISO 9001-2008 from Bureau Veritas Certification Bulgaria

Balkans Investment Consulting Agency (BICA) has implemented the quality management system ISO 9001-2008. This fact is another validation of the eagerness of the company for constant development, the optimization of its internal processes through elimination of potential risks, effective management of the resources and their improvement. BICA has applied that system with the purpose of strict adherence to the national and international quality standards.

November 2010
Membership in the Bulgarian Photovoltaic Association

Balkans Investment Consulting Agency is now a member of the Bulgarian Photovoltaic Association. It unifies producers of solar panels, designers, installers, investors in the construction of photovoltaic power plants, project developers, financial institutions, investment companies and consultancies in the country and supports the production of energy from the sun.

October 2010
International Business Forum in Kosovo

Mr. Andrey Bachvarov, General Manager at Balkans Investment Consulting Agency (BICA Ltd.), gave a presentation on the topic of Kosovo and the Balkans on the Eve of NATO Lisbon Summit: Defense and Security Energy Security at the International Business Forum in Kosovo held on October 5-6, 2010 in Grand Hotel Pristina. 


Among the key-note speakers were H.E. Jenuz Kastrati, Deputy Minister of Trade and Industry, H.E. Blerim Rexha, Deputy Minister of Energy and Mining, Kosovo, H.E. Fehmi Mujota, Minister of Security Force and others.

June 2010
BICA Evaluates Renewable Energy Projects in Bulgaria

Balkans Investment Consulting Agency (BICA) has been officially appointed by ČEZ and ČEZ Bulgaria with regard to the establishment of a fund investing in renewable energy (RES) projects in Bulgaria. 


We are looking for RES projects (photovoltaic, wind, hydropower, biomass, cogeneration and others) in the country that yield at least 12.5% (IRR 12.5%+) and have all the necessary permits available (including the construction one) or are already operating. 


If you have investment opportunities that correspond to the above mentioned criteria, please send a teaser / short summary of the project inclusive of acquisition price to

May 2010
BICA Represents ČEZ and ČEZ Bulgaria in Connection with the Group’s Investment Plans in Bulgaria

Balkans Investment Consulting Agency (BICA) officially represents ČEZ and ČEZ Bulgaria and acts on their behalf in connection with the utility company’s plans to invest in energy projects in Bulgaria. Those include projects in the sectors of renewable energy, energy efficiency, energy infrastructure and others. 

BICA will evaluate any potential projects, investigate and obtain detailed information about their conditions.

March 2010
UBS Presentation on Financial Markets and the World Economy

The Atlantic Club in Bulgaria together with “Banks Investments Money” organize a presentation by one of the global leaders in financial services – UBS AG on the topic of financial markets and the world economy. 


The event will take place on March 25th, 2010 at Radisson Blue Hotel in Sofia with the support of Balkans Investment Consulting Agency (BICA), European Defence Systems (EDS), Telelink, M3 Communications, and others.

February 2010
BICA Participated in a Business Delegation to Iran

Mr. Andrey Bachvarov, Chairman of the Business Council at the Atlantic Club in Bulgaria and General Manager of BICA Ltd., headed a business delegation to visit Islamic Republic of Iran in mid-January. Delegates from 8 prominent Bulgarian companies took part in exploring business opportunities in the country. They met with bussinessmen and traders from the Iran Chamber of Commerce and visited local factories.

January 2010
Tcherassi-Vilató – Now in Bulgaria

Tcherassi-Vilató Architects, an internationally-experienced architectural studio, is currently expanding into Bulgaria. „We easily adapt to the specifics of different cultures,” Angelica Tcherassi explains. “We look forward to delivering great architectural solutions in Bulgaria – no matter what the size and type of the project are.” 


The Balkans Investment Consulting Agency will represent the services of Tcherassi-Vilató in Bulgaria. The latter include architecture, master planning, urbanism, landscaping, interior design and consulting. The studio prides upon projects in the United Arab Emirates, China, Morocco, Colombia, etc. One of their latest projects is for the Royal Family of Qatar – a mixed use development (hotel, solar garden, globe-shaped museum, commercial and office center).