The settlement was created in 1923, in a location of a temporary agricultural settlement with huts where a dozen of families used to live. When the refuges of St. Kyriaki of Asia Minor arrived here in 1922, those families moved to today’s Stagira. The region is of great historical importance since Ancient Stagira is located at the eastern part of Olympiada, at the area called Liotopi. According to a local tradition the village was named after Olympiada, mother of Alexander the Great, who was exiled by King Kassandros to Ancient Stagira. According to others, she was exiled to the nearby island of Kapros, located 1,5 nautical miles, on the opposite side of Olympiada, currently named Kafkanas. Ancient geographer Stravonas also mentions the island Kapros. According to him, the port of ancient Stagira was also given that name.
Today’s village, built alongside a beautiful beach, stretches in a bay of a natural harbor. It is surrounded by green mountains and magnificent beaches that attract a lot of visitors. Cultural and artistic events take place each summer on St. Kyriaki holiday, among them the one regarding Aristotle, the great philosopher who was born in Ancient Stagira.