Cyprus election: Nicos Anastasiades elected presidentCentre-right leader Nicos Anastasiades has won the Cypriot presidential election with 57.5% of the vote.
It was a comfortable victory over Communist-backed Stavros Malas on 42.5%. Mr Malas has conceded victory.
Mr Anastasiades takes power as Cyprus stands on the brink of bankruptcy, hit by the knock-on effect of Greece's economic woes.
He favours a quick deal with foreign lenders to finalise a bailout of the Cypriot economy.
"It is a clear and strong mandate for change, for reform, for our country to exit this vicious circle of crisis," Tasos Mitsopoulos, Mr Anastasiades's spokesman, told reporters according to Reuters news agency.
Jubilant supporters of Mr Anastasiades's Democratic Rally party waved Greek and Cypriot flags, honked car horns and set off firecrackers in the capital Nicosia as the results came in, said reports.
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