The Old Elm is a main symbol of Sliven. It is a centuries-old silent witness of the city's turbulent and heroic past. Events organised around it on occasions of historic and community significance have turned it into a major marker. It is the place where mood of the city used to be measured. Public demonstrations and parades used to pass by the tree. Today most people arrange their important meetings by the tree. It remains the most definitive orientation marker for newcomers to the city. It is also part of the city coat of arms and will remain a historic marker for future generations.