Where does “чествование” come from?
чествование (Russian) comes from Russian че́ствовать, from Russian че́сть, from Old Church Slavonic чьсти, from Proto-Slavic čisti, from Proto-Balto-Slavic (s)keistéi, from Proto-Indo-European *(s)kʷéyt-t ~ *(s)kit-ént, from Proto-Indo-European kʷeyt- — to notice; to read.
чествование (Russian): honoring; celebration
Ancestry of “чествование”, step by step