In April 2014 the Board of BTU adop­ted the pro­pos­al of Lit­er­ary Trans­la­tion sec­tion for the estab­lish­ment of a new annu­al prize for lit­er­ary trans­la­tion on the name of the first Bul­gari­an female trans­lat­or Elena Muteva (1829–1854).

The award is for an out­stand­ing achieve­ment of a young lit­er­ary trans­lat­or (a per­son aged under 35 years with one or two trans­lated books). The prize is awar­ded for the trans­la­tion of a par­tic­u­lar work pub­lished in the peri­od from 1 July of the pre­vi­ous year to 30 June of the cur­rent year.