However, the naming dispute had inhibited the establishment of full diplomatic relations so far but has not prevented both countries from engaging in military and security co-operation, cross-border investments, and cultural exchanges.
[1] Since the end of the Greek embargo, which lasted between February 1994 and September 1995, Greece has become one of the most important business partners of North Macedonia.
Greece is the fourth most important investor in the country (12.1% of total foreign direct investments), behind the Netherlands, Slovenia and Hungary.
[5] The November 2006 European Commission report states that, "In December 2005 the two countries opened an Office for Consular, Economic and Trade Relations in Bitola and a Consulate in Thessaloniki respectively.
Renewed efforts are needed, with a constructive approach, to find a negotiated and mutually acceptable solution on the name issue with Greece, under the auspices of the UN, within the framework of UN Security Council Resolutions (EEC) No 817/93 and (EEC) No 845/93, thereby contributing to regional co-operation and good neighbourly relations.