The Asenov Quarter of Veliko Tarnovo is located at the foothills of the Tsarevets Hill and Trapezitsa Hills and on both sides of the Yantra. The location became populated as early as the first rulers of the Asenevtsi dynasty and it was first mentioned as a distinct neighbourhood in written sources dating back to the 18th century.
The neighbourhood cam about when the city grew and the two hills did not offer much space for the growing population. After Tsarevets and Trapezitsa Fortresses were built, there were two transverse walls descending to the river that used provide protection to this part of the medieval city.
Remains of such those wall were found during archaeological excavations of south of the main entrance of Tsaravets. In construction works in 1981, remains of a watch tower were unearthed near the Bishop’s Bridge.
Today important cultural sites are preserved in the Asenov Quarter – Churches of St. Demetrius, St. Forty Martyrs, St. George and St. St. Peter and Paul, which are subject to archaeological, historical and artistic research, conservation and restoration.