STOCKHOLM, Feb. 26-- Sweden's newborn princess, daughter of Princess Madeleine and her husband Christopher O'Neill, was named as Leonore Lilian Maria, with the title Duchess of Gotland, local media reported on Wednesday.

The name of the princess was announced by King of Sweden Carl XVI Gustaf at a special cabinet meeting at the Swedish Royal Palace on Wednesday afternoon, said the Swedish daily Dagens Nyheter (Dn).

With reference to the name Leonore, which is quite unusual as a first name in Sweden, it is implied that it was a choice of the parents.

Lilian was the name of the late Princess Lilian of Sweden, who died in 2013 and had been close to Princess Madeleine and the Crown Princess Victoria, while Maria is the name of O'Neill's mother.

The new princess's baptism ceremony will be held in the Royal Chapel at the Royal Palace in early summer this year, but the exact date has not been decided yet.

Princess Madeleine, the King of Sweden's youngest daughter, got married with O'Neill, a New York banker, in June 2013.

Princess Leonore was born in New York on Feb. 20 this year and is fifth-in-line to the throne.