The village is situated near the towns of Lovech and Pleven.

The 43,5 km long Katuneshka river flows through the village.

The first document mentioning Katunets is from the Turkish registries in 1840.

According to the newspaper "Stremlenie" from 25 February 1912 the population of the village was around 2 750 people at the time.

A book about the village - "Katunets, small encyclopedia" was released by Vutzo Bobenski and Petar Bobenski.