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Valko Velyov Chervenkov (Bulgarian: Вълко Вельов Червенков) (6 September 1900 – 21 October 1980) was a Bulgarian communist politician. He served as leader of the Communist Party between 1949 and 1954, and Prime Minister between 1950 and 1956.

His rule was marked by the consolidation of the Stalinist model, rapid industrialisation, collectivisation and large-scale persecution of political opponents.

Stalin's death in 1953 had repercussions for his regime in Bulgaria. In 1954, Chervenkov accepted the Soviet model of collective leadership and handed over his post as party leader to Todor Zhivkov. The government also released a large number of political prisoners and directed its economic policy towards improving living standards rather than accelerating industrialization.