Pazardjik was founded during the second half of the 15th century, on the left bank of the river Maritza, near the place of the market of the region. The most impressive iconostasis in Bulgaria, which was made by master artists of the Debar School and contains wood-carved scenes of the New and Old Testament, is preserved in the St. Bogoroditsa (Mother of God) church.

Favourable climatic conditions and excellent natural resources have destined the development of the town during the years such that today Pazardjik is the centre of one of the most prosperous municipalities in Bulgaria.