Every day in Bulgarian history holds a story worth remembering. In this recurring series, On This Day in Bulgaria, we look back at notable events, decisions, and milestones that happened on this date across the country’s history.
August 11, 1877 — After the Battle: Honours for the Defenders
In the days following the successful defense of the Shipka Pass, Russian command issued formal commendations for the Bulgarian volunteer brigades. General Radetsky praised their extraordinary courage in dispatches to Russian headquarters, describing how outnumbered defenders had held a mountain pass against a force many times their size. The story of Shipka spread rapidly through the European press, drawing widespread admiration for the Bulgarian national cause.
August 11, 1992 — Bulgaria’s Banking Reform
Bulgaria’s Law on Banks and Credit Activity came fully into force, replacing the Soviet-era mono-banking system with a modern two-tier banking structure. The reform separated the National Bank of Bulgaria’s central banking functions from commercial lending and opened the sector to private institutions — a foundational step in Bulgaria’s transition to a market economy.
Explore more of Bulgaria’s story on Bronicable, including our Bulgaria From Above series and our guides to the best of Bulgaria.
