The major hurdle in Sweden's bid to join NATO is set to be removed with Turkey's President Recep Tayyip Erdogan agreeing to forward the Nordic nation's accession protocol to the Turkish parliament soon.
In return, Sweden will support efforts to reinvigorate Turkey's EU accession process, including modernization of the EU-Turkey Customs Union and visa liberalization.
The agreement was reached at a meeting between Erdogan, Swedish Prime Minister Ulf Kristersson, and NATO Secretary General Jens Stoltenberg ahead of the NATO Summit in Vilnius late Monday.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.