I'm using GOM Player. In GOM I do it on this way:
Preferences->Subtitle->Others->Code Page: Cyrillic.
I was searching to the internet for VLC and found this:
Quote:
VLC -> Preferences -> Input/Codecs -> Subtitles -> Subtitles text encoding -> CP1251.This is for bulgarian subtitles.
for the 0.8.6d version i'm using, the encoding options is under:
VLC -> Preferences -> Input/Codecs -> Other Codecs -> Subtitles -> Subtitles text encoding