In the revision of the genus Paracaloptenus by Uvarov (1942), two species were recognized: the type-species P. caloptenoides (Brunner v. W., 1861) from southeast Europe, and P. bolivari Uvarov, 1942, from southwest Europe. A third species is described here, P. cristatus sp. n. from northwest Yugoslavia. In P. caloptenoides three subspecies are distinguished: the nominate form, geographically restricted to southeast Europe except northwest Yugoslavia and the Peloponnese, P. brunneri (Stål, 1876) from west Anatolia, and P. moreanus ssp. n. from the Peloponnese. A key to the species and subspecies is given.