Yeghvard is situated in Kotayk region and near Hrazdan city. The name of the city derived from the Armenian word which is consisted of two words: "Yeghi" means odor, and "vard" meaning rose. Thus, the word literally means rose odor.
According to scholar and Armenologist Aram Ghanalanyan, the name is derived from the fact that the area had been covered by a large forest, that was home to many types of roses and other flowers with a strong odor.
It is one of the oldest settlements in Armenia. The city's name was first mentioned in the 6th century AD. It first appeared in the historical recordings of Catholicos Movses II who reigned between 574 and 604 as the head of the Mother See of Holy Etchmiadzin.
The area has been settled since the beginning of the 2nd millennium BC, the proof of that are the remains of the "Seghanasar" ancient settlement with more than 30 khachkars(12th century) which was found at the west of the town. The nowadays territory was part of the "Kotayk" canton of Ayrarat province
After adopting Christianity, the region of Kotayk became one of the important centers of the Armenian Church. The ruins of the Katoghike Church are still found at the center of the town. It was a large three-nave basilica built during the 5th and 6th centuries, under the rule of the Amatuni Armenian noble dynasty.
The remains of the 7th-century Saint Theodore Monastery also known as Gharghavank of Zoravan were found in the northeast part. According to the Catholicos of All Armenians John V the Historian, the monastic complex was built by Prince Grigor I Mamikonian (666 and 685).
The city has a house of culture, three public libraries, two art schools and one sports school. Many major industrial companies like the Yeghvard wine-brandy factory(founded in 1966), the "Nairishin" building materials plant (founded in 1986), the Yeghvard sport shoes factory(founded in 1987), the yeast plant (1991), the Combined Feed Factory (1993), the "Semur & Co" steel and metal manufacturing (2003), and the "Shanazaryan" wine-brandy factory (2005).
The residents are actively participating in agriculture, mainly grape, and wheat. The farms are being irrigated by the Arzni-Shamiram canal. It is located in the southwestern part of the town and also includes "Masis, Sis and New Armenia" resort.