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The Asenevtsi monument is dedicated to the brothers Asen, Petar, Kaloyan and Ivan Asen II. It was built in 1985 to celebrate the 800th anniversary of the uprising of Asen and Petar, which led to the liberation of Bulgaria from the Byzantine Empire. The sword located in the middle is a symbol of the power and prosperity of the Second Bulgarian Kingdom.

The Asenevtsi ruled the medieval Bulgarian state, called in modern historiography the Second Bulgarian Kingdom, between 1187 and 1280.

Early rulers from the Asen dynasty (particularly Kaloyan) referred to themselves as „Emperors of Bulgarians and Vlachs“. Later rulers, especially the successful Ivan Asen II, styled themselves „Tsars (Emperors) of Bulgarians and Greeks“

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