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The church was built in 1834, while its inside and outside wallpaintings were finished in 1862 by a priest, Pavel, and his son Nikolay. The entire monastery, including its fresco, has been recently restored with financial assistance from the EU. The iconostasis was also completed in 1862 by masters of the Tryavna school of icon-painting, while the church’s main icon was painted by the renowned Gabrovo icon-painter Hristo Tsokev. It is believed that the icon of the God’s Mother with the Son, put in a small icon-stand in the left part of the church is wonder-working. The entire monastery complex was finished during Bulgaria’s Renaissance period with the help of donations by Gabrovo citizens and residents of nearby villages. A valuable architectural monument can be seen in the middle of the monastery’s yard – a big round-shaped fountain, built by the famous master Kolyu Ficheto that still shines with its beauty.