Abstract. The article examines the re-articulation of national identity in Macedonia since its independence in 1992. Both ethnic Macedonian and ethnic Albanian political identities have been engaged in a complex process of redefinition. Two ethnic groups had previously been strongly influenced by the Marxist paradigm and its Yugoslav official interpretation. During the 1990s, the elements of the old paradigm were combined with elements of the new – liberal democratic – concepts of nationhood. While some of the concepts developed within the old Yugoslav framework are still in use, the new liberal-democratic political paradigm finds it difficult to include them into an official discourse on nationhood. At the same time, introduction of the concepts inherent to the liberal-democratic paradigm has disturbed the fragile balance achieved through the old Yugoslav narrative. In new circumstances, the ethnic Macedonians transformed themselves from the ‘constitutive nation’ to ‘majority’. However, the ethnic Albanians found it more difficult to accept the status of ‘minority’, which was once (in Yugoslav Marxist narrative) considered to be politically incorrect. Thus, they insist on being recognised as a ‘nation’, equal to ethnic Macedonians. In its essence, the conflict in Macedonia is – to a large extent – a conflict between two different concepts of what is Macedonia and who are Macedonians. The questions posed are: is the minority (ethnic Albanians) part of the nation? Could two nations exist peacefully within one state? The article maps out differences between two different discourses on the identity of the new Macedonian state.