In the North side of Holy spirit monastery was built a wooden Church, consecrated in the name of Paraskeva-Friday – ancient patroness extensive borovich edge. To the Church from the Cathedral Church of St. James leads birch alley, planted during the years 1868-1870, on both sides of which were located spacious monastery field.

The Church of Paraskevi of Iconium became the main temple of Borovichi Pyatnitsky churchyard. Near the temple there was a Holy spring, also consecrated in the name of Paraskeva Pyatnitsa, which has since always been revered as miraculous. In the middle of 1613, the Church was mercilessly burnt down by Swedish troops, after which the churchyard as an administrative centre was never resumed. In place of the previously existing Church for several years was built a wooden chapel in the name of St. Paraskeva.

During 1796 in chapel was fitted to the throne, and she was consecrated as a Church in honor of St. Paraskeva – this date was the date of the founding of the Church, which has survived to modern times. The architectural component of the Church even today retains elements of the old chapel. There is rarely conducted worship services, but always the service was carried out in the feast of Agia Paraskevi, as well as on all Fridays starting ninth Friday from Easter to the Elias Friday. At the gate of the temple always sat a monk, after all, to go to the Holy source, it was necessary to enter the territory of the Church.

In those days, the Church stood on a high Foundation, built of red brick. In the Central part of the roof is light octagonal drum, equipped Polukarov dome. From the West, the Church has had the greatest belfry. Available on the bell tower and the dome of the crosses were erected on a small Central boards. Outside the Church and the belfry was decorated with beautiful icons painted on boards.

In 1937 the Church was closed, and its building was placed a weaving cooperative. Temple drum was completely dismantled, and inherent in the interior trashed. Available paintings were burned with the help of a blowtorch, a Holy spring filled with lime, the chapel was destroyed.

In 1960 the Church of St. Paraskeva Pyatnitsa returned to the workers, Borovichi's workers due to the closure of the Dormition Church. For a long time the Church was in disrepair, her basement was flooded, the floors are rotted and collapsed, and the roof was badly leaking. The process of the restoration of the temple took place in the Orthodox Church, which was the feat of the community John Bacodine.

Outside of the temple walls were plastered, and the inside painted. The Church had made two altars, the main one of which was consecrated in the name of St. Paraskeva and the other in honor of the assumption of our lady. Hemispherical dome with a light drum is not immediately restored, even for some time the cross was located just on the onion. Then restored the well, but on another place, as last it was impossible to clean from the lime.

In 1981, the Abbot of the temple was appointed Archimandrite Ephraim, the efforts of which ended all scheduled maintenance work.

Over a long period of time the Church of Paraskevi of Iconium was the only force in the town of Borovichi and played a major role as the city's Cathedral, which was often subjected to various alterations. Near the South wall of the Church is a respected Shrine of all the Orthodox population of the city is a Shrine with the relics of St. James the Wonderworker of Borovichi. Another relic of the Church became the Holy icon of the great Martyr Paraskeva with particles of relics, which was written in the 19th century in the academic style. It is worth noting that the temple is old and vestments, in which, according to ancient legend, in Borovichi conducted services Saint John of Kronstadt.

Today the Church has only one Glaucus, equipped with a metal cross. The Church held worship services, and also hosts wedding ceremonies and the sacrament of baptism.