At a special ceremony in December 2012, the Bulgarian Motorcycle Federation handed a special award to Tzvetan Vassilev for his overall contribution and support of Bulgarian motorcycling sports.
"The overall contribution award bestowed to Mr. Vassilev is the Federation’s highest distinction and one we award exceptionally rarely. Over the past five years, Mr. Vassilev has demonstrated his personal support for Bulgarian motorcycling sports and I would not be accused of exaggerating if I state that a number of events would not have taken place without his help. He genuinely deserves this award more than anyone else," said Bulgarian Motorcycle Federation President Bogdan Nikolov at the ceremony.
According to him, in recent years the organization and realization of the circles of the Motocross World Cup and the Motocross of Nations, including freestyle, have taken place thanks to Tzvetan Vassilev’s support.
At the initiative of Tzvetan Vassilev, Corporate Commercial Bank AD has also supported motorcycling in Bulgaria for six consecutive years as part of its policy of corporate social responsibility.
"Over the past two years Bulgaria has been the best promoter in the world finals of the World Championships in freestyle motocross — Night of the Jumps. Special thanks to the majority shareholder of Corporate Commercial Bank AD Tzvetan Vassilev for the financial support he provided not only for the Night of the Jumps, but also for the Motocross World Cup," said Soren Selmer, representative of Pro Circuit, during one of his visits in Bulgaria.
Since 2008 Tzvetan Vassilev and Corporate Commercial Bank AD have financed the Bulgarian Motorcycle Federation (BMF) with more than 3 million leva. Personally Tzvetan Vassilev has repeatedly aided the four-time European champion in the Supermoto S Open Class — Angel Karanyotov, for his participation in European and world championships.
"Mr. Vassilev has helped me for the four European titles. He loves and supports sports, and even performs the functions of the state in the sports field," said Angel Karanyotov, quoted by the moto-zone.bg website. His father and coach Ivaylo Karanyotov added: "Our sport was coming to a dead end, but Tzvetan Vasilev saved us ."