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Lyaskovets is at latitude 43º 6' north and longtitude 25º 44' east. The town is situated in the beginning of the Fore-Balkan (Elena Balkan), eastern from the Arbanasi ridge, under the cliff upon which is the monastery St. St. Petar and Pavel, 234 km of capital city Sofia, 10 km north-eastern from Veliko Tarnovo, 2 km south-eastern from Gorna Oryahovitsa and 5 km southern from Yantra river. Lyaskovets is on an inclined plane at 192-256 m above sea level. It is opened to east and north to the valley of Yantra river. The town of Lyaskovets is in Veliko Tarnovo region and is a centre of a municipality with 17000 citizens, that includes the villages of Dzhulyunitsa, Dobri Dyal, Kozarevets, Dragizhevo and Merdanya. Lyaskovets and its municipality are near the important railway station and the international airport of Gorna Oryahovitsa. The town has a railway station at the Gorna Oryahovitsa - Elena railway. Sofia - Varna (E772) and Ruse - Kardzhaly (E85) highways and Sofia - Varna railway pass through the territory of the municipality.
The climate is temperate continental, characterized by hot summers and cold winters. Relatively low average temperature (11,5 º C) and high annual amplitude (25,2 º C) are signs of continental climate in the region. Annual quantity of precipitation is below average.
The municipality of Lyaskovets is with several industrial establishments with considerable production capacity and providing employment to most of the working population of the municipality. The developed industries are machine building, metalworking, food and textile industries.
The city is famous for its winery "Lyaskovets", producing traditional Bulgarian sparkling wine" Iskra "," Lyaskovska Rakiya" , and various white and red wines.
The municipality is rich of cultural monuments
- Churches (generally twelve in number for the municipality, as five of them in the town Lyaskovets);
- Monasteries (St. St. Peter and Pavell in the town Lyaskovets and Sv.Chetirideset machenitsi "in the village Merdanya);
- Museum of gardening in Lyaskovets
The name of the town comes from the hazelnut tree (leshnik or leska) (Corylus avellana), which was typical of the region in the past, but at present time only a few are left. An earlier sound of name was Lyaskovitsa that later became Lyaskovets.The forming of settlement in the region began in Stone Age - IV millennium B.C. A faster development the settlement got in the beginning of the Second Bulgarian Kingdom thanks to the building of the monastery of Lyaskovets - St. St. Petar and Pavel. The first theological school in Bulgaria is opened here too. Today's location of the town is set about XVII century. There are different versions for that or earlier origination but the lack of historical sources does not allow the affirmation of most of them. Lyaskovets is formed like settlement consisting of five hamlets named after their churches: St. Atanas, St. Vasil, St. Georgi, St. Dimitar and St. Nikola. The oldest settlement was situated in the area called Svetitsata (named after a little church). The hamlets were formed at different times, mainly by different settlers, and then joined one another. Examples for this are Albanian settlers who came on horseback tired of the long journey and later called "kondyovtsi" (kon = horse). That gives the already old name of Kondyovskata mahala (mahala = hamlet). East of Lyaskovets (Broda area) there was the village of Chertovets, that migrated in the 90's of XVIII century because of the often raids of Ottomans, kurdjali and others. Its habitants settled in the east end of Lyaskovets (St. Georgi hamlet), which is still called Chertovets by the natives. Even joined by this way Chertovets remained distinct municipality in the time of the Turkish rule. In Lyaskovets sojourned Vasil Levski and G. S. Rakovski. A house used by them and other revolitionaries belonged to Marin Stanchev and was in the Cherkovskata mahala. Another often used home there was that of Stancho Terziyata. It was some kind of inn. The liberation of Lyaskovets was to some extent quiet because of the lack of Turkish army in the town. The zaptiehs run out of the town when the news that the Russian army is in Tarnovo came. Lyaskovets was promoted to town in 1880 by "prescription" of the Tarnovo region chief, No. 1034 from March 15.