Beta Ethniki
Parafestas appeared in one match for the senior Greece national football team, a friendly against East Germany on 15 February 1984. In 2003, when Larissa were playing in Third Division and were in the relegation zone, he was appointed manager of the club, managed to save the club from relegation in the last match of the season after taking a point at Chania in a 3–3 draw against the local club AE Chania. Next season he managed to promote the club to Football League (Greece) and then he resigned.