Event logger won't start: error 2 The system cannot find the file specified, Windows server 2008R2

Solution 1:

What solved the problem was to delete the

HKLM\System\CurrentControlSet\services\eventlog\Parameters\ 

key.

As I stated earlier, I've seen this error with Process Monitor, but chose to put there some key - and that was my mistake. I should've delete this key instead.