Cyprus election: Nicos Anastasiades elected president
25 February 2013 Last updated at 10:20 GMT
Centre-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 admitted defeat.
Mr Anastasiades takes power as Cyprus stands on the brink of bankruptcy, hit by the knock-on effect of Greece's economic woes.
Mark Lowen reports.