The topic of this master's thesis is the charachter of Margarita Nikolayevna in the novel Master and Margarita written by M. A. Bulgakov. The author focused on the character of Margarita Nikolayevna as one of the most important factors in the construction of the novel. The aim of the master's thesis is to try to rediscover the role of Margarita and her characteristics as a woman and a witch. The author refers to Margarita as a character built through demonic features, a character who creates and participates both in the everyday realm as in the fantastic one. Margarita is reconstructed throughout her relations towards the Master and his novel as well as towards Woland and the demonic. Through Margarita M. Bulgakov creates a specific view of the world and his own moral compas. There are indications he implicates and refers to the state, the culture, religion, understandings of god and tradition of his time through his characters in this novel. Margarita, a character both human and diabolic is constructed out of tragic, comic, fantastic features. She exerts power through womanhood, pride and witchcraft. She is a contradictory character because of her role of a witch in love. As if it was not enough to break the tradition of romantic suffering and saving the beloved through the means of devilish forces that will manifest through one character only – the author genius that Bulgakov is – has united it in a woman and thus amazed and provoked litarature tradition.