Lithuania's Nauseda Wins Presidential Election

VILNIUS (Reuters) - Former central banker Gitanas Nauseda won Lithuania’s presidential election on Sunday after opponent Ingrida Simonyte conceded.

Nauseda, 55, had 72 percent of the vote, according to election authority results after 42 percent of the ballots were counted. Simonyte, 44, a former finance minister in a center-right government, stood at 28 percent.

“I was the independent candidate and my task in this election campaign was to unify Lithuanian people, no matter where they live, in small regions, villages, small cities or big cities,” Gitanas Nauseda told Reuters after declaring victory.

Nauseda, a household name from his role as chief economist at a top bank, has pledged to follow the tough stance set out by current President Dalia Grybauskaite, the Baltic nation’s “Iron Lady” and of the European Union’s most outspoken critics of the Kremlin.

In an earlier interview with Reuters, Nauseda said he would use his presidential powers to help businesses expand in emerging markets, especially China, and request that the government increase revenues and better fund social services such as pensions.

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Reported by: Reuters