The Greek inhabitants of Fener were called Phanariotes. Wealthy Phanariotes were appointed voivodes of Wallachia and Moldavia by the Ottoman Empire between 1711 and 1821.
The name Fener comes from Greek "Fanari" (φανάρι) and Turkish "Fener" meaning lantern.[1] During the city's Byzantine period, there was within the district a columnar monument, topped with a lantern.