[1][2] He graduated from a technical school in Brno in the Czech Republic in 1934 and started his professional career as a metallurgical engineer.
Balevski was the founder of the Bulgarian academic school in the field of metal sciences and technologies.
He developed an original method for cast iron production from Bulgarian raw materials in a rotating drum furnace.
Together with Ivan Dimov, he developed a counter-pressure casting method which was a novelty in world foundry technology and was protected by over 100 patent documents in Bulgaria and abroad.
He was the Co-president of the International Academy of Science, Munich (1988) and a member of the Board of the Pugwash Movement of Scientists for Peace (1971).