Anastasiades wins Cypriot presidential electionFebruary 25, 2013 - 09:06 AMT PanARMENIAN.Net - Center-right leader Nicos Anastasiades has won the Cypriot presidential election with 57.5% of the vote, BBC News reports. It was a comfortable victory over Communist-backed Stavros Malas on 42.5%. Malas has admitted defeat. Anastasiades takes power as Cyprus stands on the brink of bankruptcy, hit by the knock-on effect of Greece's economic woes. He favors a quick deal with foreign lenders to finalize a bailout of the Cypriot economy. "My first priority is to reinstate Cyprus' credibility,'' Anastasiades, 66, said in a victory speech in front of his jubilant supporters in the capital Nicosia. "I'm determined to work together with our EU partners, and - at the same time - fulfill our responsibilities to the utmost. I am committed to making all the necessary measures to steer our country out of the economic crisis.'' Supporters of Anastasiades's Democratic Rally party waved Cypriot and Greek flags and set off firecrackers across the island. The Cypriot economy is in recession and the state has little money in its accounts. Cyprus first asked the EU for a bailout last July to shore up its banks. Because of the bailout deal for Greece, and the restructuring of its debts, which saw private bondholders suffer big losses, Cypriot banks lost about 75% of their investments. However, the Cypriot bailout deal has foundered in protracted negotiations. The new president will have to finalize a deal with the other 16 countries that use the euro and with the International Monetary Fund (IMF). Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |