Mediaeval town of Cherven was one of the most significant military and administrative, economic and cultural centres of the Second Bulgarian kingdom. In the 14th century it flourished as a great craft centre with advanced iron processing, goldsmith, construction, art, household and other crafts. At that time the town's area was more than one square kilometre. Archaeological excavations have revealed a big feudal palace, fortress walls, two underground water-supplying passages, 13 churches, public and administrative buildings, houses, workshops and streets. Archaeological findings from Cherven are preserved in the National historical museum in Sofia and the Regional historical museum in Ruse. Among these stand out several large coin treasures, jewellery, epigraphic monuments, household items, craft tools, weapons, etc. In 1965 the sight was stated a national archaeological reserve.