February 4, 2018 / 5:25 PM / a year ago

Cyprus election challenger Malas concedes defeat to president Anastasiades

Independent Presidential candidate of left-wing AKEL party Stavros Malas speaks to media after casting his ballot for a presidential election at a polling station in Nicosia, Cyprus February 4, 2018. REUTERS/Stefanos Kouratzis

NICOSIA (Reuters) - Cyprus President Nicos Anastasiades held an unassailable lead in a run-off election, securing 55.9 percent of vote with 95 percent of votes counted, and challenger Stavros Malas called to congratulate him on victory, state television said on Sunday.

Anastasiades, 71, has taken credit for steering the Cypriot economy to recovery after it was plunged into crisis in 2013 by its exposure to debt-wracked Greece and fiscal slippage under a former left-wing administration.

Reporting by Michele Kambas; Writing by Matthew Mpoke Bigg; Editing by Toby Chopra

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