This thesis analyses the most representative fairytales of the creative works collected by Marko Kostov Tsepenkov and their modern reception, with focus on the perspective of Macedonian children’s literature. The introduction is theoretical, composed of two chapters. First chapter of the introduction analyses life and works of Marko K. Tsepenkov with context of the time he worked in. The second chapter provides the explanation of preliminary terms such as fairy tale, folk tale, myth, children’s literature and fantasy/ uncanny. The main part of this thesis analyses three fairytales collected by Tsepekov, alongside the norms of the genre and Tsepenkov’s personal style. The second part of the main part analyses the specifics of Tsepenkov’s style through the example of his most succesfull and most complex tale of “Siljan the Stork”, and also explains its problems in the context of the genre. The ending of the main part analyses the modern-day adaptation of the analysed fairytales and the way they have been adapted to children, with emphasis on the changes that occurred in comparison to the original.