UEFA Euro Turkey vs Italy

I am guessing that "North Macedonia" was a compromise that Macedonia reached with Greece. For years after Macedonia became an independent country (after the break-up of Yugoslavia) Greece blocked recognition by the EU because they claimed "Macedonia" was historically a name associated with Greece. Macedonia had to accept the cumbersome name of "Former Yugoslav Republic of Macedonia". Now I guess the two countries agreed on the new name of "North" Macedonia, to differentiate it from the Greek region of Macedonia.