Martin Kovachev (; born 13 March 1982) is a Bulgarian footballer, currently playing as a defender for Makedonija.

Career Kovachev played for Velbazhd Kyustendil, Spartak Varna, Litex Lovech and Dunav Rousse before moving to Chernomorets in June 2008 for a free transfer. With the club Kovachev played in a matches of Intertoto Cup 2008 against Slovenian ND Gorica and Swiss Grasshopper Club Zürich. Six months later he is loaned to Naftex Burgas. On 5 July 2009 Kovachev signed three years contract with OFC Sliven 2000.

On 29 December 2014, he signed with Pusamania Borneo FC.

Honours Pelister Macedonian Cup: 2016–17

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