Greece and Macedonia signed on Sunday a preliminary agreement to resolve a dispute over the name of the former Yugoslav republic. The small Balkan nation will be now known as the Republic of North Macedonia, ending a row that has poisoned relations between the two neighbors since 1991. "This is a brave, historic and necessary step for our peoples," said Greek Prime Minister Alexis Tsipras. “We have a historic responsibility that this deal is not held in abeyance, and I am confident that we will manage it.” "We are here to heal the wounds of time, to open a path for peace, fraternization and growth for our countries, the Balkans and Europe," he said. "Our two countries should step out of the past and look to the future," said Macedonia Prime Minister Zoran Zaev. "Our peoples want peace... we will be partners and allies," he said. The Macedonian parliament is scheduled to start debating the agreement next week. The accord still needs to be approved by Macedonias parliament and then pass a referendum. The Macedonian constitution must also be revised by the end of the year, before Greeces parliament is called to ratify it. The accord aims to start unraveling one of the worlds longest -- and arguably most arcane -- diplomatic disputes, which began 27 years ago with Macedonias declaration of independence but whose roots date back centuries. "The time has come again to sing happy songs in the Balkans," Tsipras said, moments before the document was signed by the two countries foreign ministers. Zaev and several of his ministers arrived by speedboat at the picturesque fishing village of Psarades under a sunny sky, on the southern bank of Lake Prespa that is one of the natural boundaries between the two countries. Tsipras and Zaev embraced on the village dock and were treated to a standing ovation by gathered dignitaries. UN under-secretary-general for political affairs Rosemary DiCarlo, long-term UN negotiator Matthew Nimetz, EU diplomatic chief Federica Mogherini and EU enlargement commissioner Johannes Hahn were on hand, snapping pictures with their smartphones. An economist and former mayor of Strumica, Zaev made rapprochement with Greece a priority to secure his countrys membership of the European Union and NATO, blocked by Athens for years. After the signature, Tsipras crossed over to the Macedonian side of Lake Prespa for lunch, becoming the first Greek prime minister to visit the neighboring state. Since 1991, Athens has objected to its neighbor being called Macedonia because it has its own northern province of the same name, which in ancient times was the cradle of Alexander the Greats empire -- a source of intense pride for modern-day Greeks. The two premiers, born just months apart in 1974, have bucked strong hostile reactions at home to push ahead with the agreement. Tsipras has been accused of treachery by Greek hardliners, and on Saturday defeated a vote of censure against his government amid protests and clashes with police outside parliament. “This is a deal I believe that every Greek prime minister would want,” Tsipras told the chamber earlier. Had he lost, the leftist elected in 2015 would have had to relinquish his mandate to the country’s president, signaling early elections. He is already trailing center-right New Democracy in opinion polls. In Macedonia, President Gjorge Ivanov plans to exercise a one-time veto option to block the deal that the nationalist opposition has called a "capitulation". Tsipras domestic critics say he has bargained away Greeces diplomatic advantages -- the power of veto over EU and NATO accession -- for a deal that could backfire. Specifically, by officially recognizing a Macedonian language and nationality, it is almost certain that the country will be called Macedonia by the broader world, instead of North Macedonia, opponents of the deal argue. Officials in Athens insist that the deal will help stabilize the historically volatile Balkan region, permitting Greece to focus on other regional challenges, Turkey among them. Macedonia was admitted to the United Nations in 1993 under the provisional name of the "Former Yugoslav Republic of Macedonia", but more than 120 countries including Russia and the United States have recognized the Balkan country under the name of "Republic of Macedonia". Skopje hopes to secure a date to begin European Union accession talks at an EU summit in late June and an invitation to join NATO in mid-July.