Olympic Games take place in Athens in 1896. The IOC elected the Greek writer Demetrius Vikelas as its first president. The first Games held under the auspices of the IOC was hosted in the Panathenaic Stadium in Athens in 1896. The Games brought together 14 nations and 241 athletes who competed in 43 events. Zappas and his cousin Konstantinos Zappas had left the Greek government a trust to fund future Olympic Games. This trust was used to help finance the 1896 Games. George Averoff contributed generously for the refurbishment of the stadium in preparation for the Games. The Greek government also provided
Olympic Games ceremony I declare open the Rio Olympic Games, celebrating the XXXI Olympiad of the Modern Era". Next, the Olympic flag is carried horizontally (since the 1960 Summer Olympics) into the stadium and hoisted as the Olympic Hymn is played. The Olympic Charter states that the Olympic flag must "fly for the entire duration of the Olympic Games from a flagpole placed in a prominent position in the main stadium". At most games, the flag has been carried into the stadium by prominent athletes of the host nation, but in 2012, it was carried by an international group of athletes and non-athletes