local folklore suggests that the village was first settled in the year 1330 by christian settlers from the mat river region of albania. the village was originally named rakovo in slavic. this word comes from rakoits and means fresh water crayfish, which were plentiful in the nearby streams. the village was named krateron in 1928 after the second balkan war of 1913 when the region became part of greece according to the treaty of bucharest (1913).