It was named as Dzerzhynskyi after the communist mass murderer Felix Dzerzhinsky, head of Cheka (All-Russian Extraordinary Commission).

It was renamed to its current name in February 2016 to comply with decommunization laws.

[1] The following industrial enterprises operate in the district: DPU "Kharkivgazvydobuvannya", CJSC "Biolik", SE "Zavod chemical reagents", NTK "Institute of Monocrystals", CJSC "Food Acid Plant", JSC "Kharkivsky Zavod Metalist", JSC "Tochprilad", etc.

As of July 1, 2005, there were 26,859 subjects of business activity, including 11,488 legal entities and 15,371 individuals, registered with the State Tax Inspectorate in the Dzerzhinsky district.

Karazina "High School", "Dynamo", "Zirka", "Pioneer", "Spartak" stadiums.