This is the 974th most frequent Greek word.
παρέα
"Παρέα" means "company" or "group of friends."
In this sentence, 'παρέα' refers to a group of people or friends with whom one enjoys spending time.
Είναι ωραίο να περνάς χρόνο με καλή παρέα.
It is nice to spend time with good company.
Here, 'παρέα' conveys the sense of 'together', referring to joining someone's company for an activity.
Θα έρθεις παρέα μαζί μας για φαγητό;
Will you come along with us for dinner?
In this context, 'παρέα' means 'companion' or 'company', emphasizing the desire for someone to accompany the speaker.