Macedonia ( [ mæsᵻˈdoʊniə ] ; Μακεδονία , Makedonía [ maceðoˈnia ] ) is a geographic and historical region of Greece in the southern Balkans . Republic of Macedonia . Republika Makedonija ) , is a country in the Balkan peninsula in Southeast Europe . It constitutes approximately the northwestern third of the larger geographical region of Macedonia , which also comprises the neighbouring parts of northern Greece and smaller portions of southwestern Bulgaria and southeastern Albania . Although one of the poorest countries in Europe , Macedonia has made significant progress in developing an open , market based economy .
The Republic of Macedonia is in Asia.