Born in Tryavna during the Bulgarian National Revival under Ottoman rule, Pencho was educated in Stara Zagora and Plovdiv.
Slaveykov's works include poems and intimate lyrics. He collaborated with a number of magazines, which issued his works, and spent a part of his life in Leipzig studying philosophy, where he became familiar with German literature, thought and art.
After returning to Bulgaria in 1898, Slaveykov joined the Misal(Thought) circle with a number of other noted writers, such as Krastyo Krastev, Petko Todorov and Peyo Yavorov. He became an assistant director (1901–1909) and later director of the National Library of Bulgaria (1909–1911) and a director of the Bulgarian National Theatre (1908–1909).
He was fired from the post of director of the National Library because of political misunderstandings with the minister of culture Stefan Bobchev on 10 July 1911, and left Bulgaria, living in Zürich, Lucerne, Göschenen, Andermatt, Lugano and other places in Switzerland before arriving in Italy in the end of November 1911.
Due to his death in 1912, the suggestion by Swedish professor Al. Jensen that Slaveykov be awarded a Nobel Prize was not considered by the Nobel Prize committee.
Slaveykov is portrayed on the obverse of the Bulgarian 50 levs banknote, issued in 1999 and 2006
1866 — 1912
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