celebrar

To celebrate — for events and occasions (celebrar un cumpleaños, to celebrate a birthday) and, more broadly, to hold or carry out a formal event (celebrar una reunión, to hold a meeting; celebrar elecciones, to hold elections). Also used to mean 'to be glad about' something: celebro que hayas venido (I'm glad you came).

• Celebramos su graduación con una gran fiesta. — We celebrated her graduation with a big party.
• El país celebrará elecciones en noviembre. — The country will hold elections in November.
• Celebro que por fin te hayan dado el puesto. — I'm glad they finally gave you the position.

Celebrar una reunión/elecciones means 'to hold' a meeting or election, not 'to celebrate' it in the festive English sense — translating literally can end up implying a party when it's really just a scheduled formal event.

• song Celebra la Vida — The 2008 lead single from Argentine singer-songwriter Axel's album Universo — an anthem about embracing life that became one of his signature hits and was adopted by several pro-life foundations across Latin America for its message.