In the second round of the presidential elections, Alexander Stubb has been elected as the new president of Finland. Projections by Yle show that he narrowly defeated Pekka Haavisto of the Greens, who has already conceded defeat. With almost 90 percent of the votes counted, Stubb has 52.3 percent while Haavisto has 47.9 percent.
Alexander Stubb is a member of the National Coalition Party, a liberal-conservative party with a strongly pro-European profile, and Sauli Niinistö is also a member of this party. Stubb was previously Prime Minister of Finland from June 2014 to May 2015 and then served as Minister of Finance. A second round was necessary after none of the nine original candidates achieved an absolute majority on January 28. In the first round, Stubb finished in first place with 27.2 percent while Haavisto had 25.8 percent.
Right-wing populist parliament speaker Jussi Halla-aho and ex-European Commissioner Olli Rehn were also in the running and received about 16 percent each but were not able to achieve victory in this election cycle.