Olympiada village is located almost 700 m. away from the ancient Stageira, the birthplace of philosopher Aristotle. This proximity justifies the existence of Aristotle statue in villages’ square. Olympiada was founded on 1923, one year after the Asia Minor disaster, by the refuges who came from the region St. Kyriaki on Asian Minor. There are two predominant versions about its naming both based on the same person, Olympiada, mother of Alexander the Great The First claims that she was exiled by King Kassandros to Ancient Stagira and the second refers to her exile on the “Kapros” island, present -named Kafkanas. The island is located almost 2 nautical miles from Olympiada coastline and has been firstly mentioned by Strabo, the ancient geographer.
Modern Olympiada has strong cultural identity which is broaden throughout the years. It organizes unique feasts based on local products as the famous Olympiada mussels and on celebrations in honor of Agia Kyriaki. Theatrical events and concerts are also hosted outside the archaeological site during August. The cultural association of the village called "Ancient Stageira"revives customs of the refugees of Agia Kyriaki.