 Industrialists from the larger cities founded factories in Gara Krichim and the village developed into a regional centre of industry and transport.It was proclaimed a town in 1964, and after the village of Krichim also acquired town status in 1969, it was renamed Novi Krichim ('New Krichim').In 1979, the name was changed to Stamboliyski in honour of Aleksandar Stamboliyski, a former Prime Minister of Bulgaria and agrarian leader.