It is the oldest church in the city, erected in 1185 and is related to an important historical event, namely the rebellion of Peter and Asan against the Byzantine rule. Here were buried the tzars of the Asenevci family, Assan – the father and Kaloian. In the 17th-18th centuries, there was a necropolis and a monastery. The church is narrow, with galleries in the north and south, with a cross shape, and cross towers. It is built with the features typical of the Middle Ages, with inserted ceramic tiles and rosettes made of stone and brick. The church itself has a special, medeival air, being particularly picturesque as architecture. It is declared a monument of national value, being administered by the Veliko Târnovo Regional History Museum.