People receive their ballots at a polling station during a presidential election in Espoo, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president. (AP Photo/Sergei Grits)
National Coalition Party (NCP) presidential candidate Alexander Stubb, left, and social movement presidential candidate Pekka Haavisto, (The Greens) stand at the Finnish national broadcast company Yle's presidential debate for the second round of Finland's presidential elections in Helsinki, Thursday, Feb. 1, 2024. Finns on Sunday, Feb. 11, 2024 will pick a new head of state from the array of two experienced politicians whose main will be to steer the Nordic country’s foreign and security policy at an unprecedented time when the country is now a NATO member following Russia’s invasion of Ukraine, and its eastern border with Russia remains closed. (Antti Aimo-Koivisto/Lehtikuva via AP, File)
Election posters are displayed in Helsinki, Finland, Saturday, Jan. 27, 2024, ahead of the Finnish presidential election on Sunday. Finns on Sunday, Feb. 11, 2024 will pick a new head of state from the array of two experienced politicians whose main will be to steer the Nordic country’s foreign and security policy at an unprecedented time when the country is now a NATO member following Russia’s invasion of Ukraine, and its eastern border with Russia remains closed. (AP Photo/Sergei Grits, File)
Leaders after the early vote results, National Coalition Party candidate Alexander Stubb, right, and Social Movement candidate Pekka Haavisto stand during the Presidential election event, at the Helsinki City Hall, in Helsinki, Finland, Sunday, Jan. 28, 2024. Finns on Sunday, Feb. 11, 2024 will pick a new head of state from the array of two experienced politicians whose main will be to steer the Nordic country’s foreign and security policy at an unprecedented time when the country is now a NATO member following Russia’s invasion of Ukraine, and its eastern border with Russia remains closed. (Markku Ulander/Lehtikuva via AP, File)
National Coalition Party (NCP) presidential candidate Alexander Stubb campaigns for the second round of the Finnish presidential elections in Espoo, Finland, Saturday, Feb. 10, 2024. Finns on Sunday will choose either of two experienced politicians to be their next head of state, whose main task will be to steer the new NATO member's foreign and security policy. (AP Photo/Sergei Grits)
National Coalition Party (NCP) presidential candidate Alexander Stubb with his wife Suzanne Innes-Stubb campaigns for the second round of the Finnish presidential elections in Espoo, Finland, Saturday, Feb. 10, 2024. Finns on Sunday will choose either of two experienced politicians to be their next head of state, whose main task will be to steer the new NATO member's foreign and security policy. (AP Photo/Sergei Grits)
Pekka Haavisto, Green Party backed candidate for a nonpartisan constituency association, campaigns in Vantaa, Finland, on Thursday, Feb. 9, 2024. Haavisto heads for the second round run-off of the Finnish presidential election with National Coalition Party (NCP) candidate Alexander Stubb. (Vesa Moilanen/Lehtikuva via AP)
National Coalition Party (NCP) presidential candidate Alexander Stubb, left, and Green Party backed candidate for a nonpartisan constituency association Pekka Haavisto attend presidential debates for the second round of Finland's presidential elections in Helsinki, Finland, Feb. 8, 2024. (Jussi Nukari/Lehtikuva via AP)
Pekka Haavisto, Green Party backed presidential candidate for a nonpartisan constituency association, center, campaigns in Lahti, Finland, Saturday Feb. 10, 2024, one day ahead of the decisive second round of the Finnish presidential election. Haavisto heads for the second round run-off with National Coalition Party (NCP) presidential candidate Alexander Stubb. (Pepe Korteniemi/Lehtikuva via AP)
National Coalition Party (NCP) presidential candidate Alexander Stubb poses with fans as he campaigns in Vantaa, Finland, Saturday Feb. 10, 2024, one day ahead of the decisive second round of the Finnish presidential election. (Heikki Saukkomaa/Lehtikuva via AP)
Social movement presidential candidate Pekka Haavisto, The Greens, is greeted by his supporter during campaign rally in Lahti, Finland, Saturday, Feb. 10, 2024. Finns on Sunday will choose either of two experienced politicians to be their next head of state, whose main task will be to steer the new NATO member's foreign and security policy. (AP Photo/Sergei Grits)
Social movement presidential candidate Pekka Haavisto, The Greens, right, campaigns in Lahti, Finland, Saturday, Feb. 10, 2024. Finns on Sunday will choose either of two experienced politicians to be their next head of state, whose main task will be to steer the new NATO member's foreign and security policy. (AP Photo/Sergei Grits)
Social movement presidential candidate Pekka Haavisto, The Greens, poses for photo with his supporters during campaign rally in Lahti, Finland, Saturday, Feb. 10, 2024. Finns on Sunday will choose either of two experienced politicians to be their next head of state, whose main task will be to steer the new NATO member's foreign and security policy. (AP Photo/Sergei Grits)
Supporters of social movement presidential candidate Pekka Haavisto, The Greens, take selfie next to his campaign bus in Lahti, Finland, Saturday, Feb. 10, 2024. Finns on Sunday will choose either of two experienced politicians to be their next head of state, whose main task will be to steer the new NATO member's foreign and security policy. (AP Photo/Sergei Grits)
Social movement presidential candidate Pekka Haavisto, The Greens, campaigns in Lahti, Finland, Saturday, Feb. 10, 2024. Finns on Sunday will choose either of two experienced politicians to be their next head of state, whose main task will be to steer the new NATO member's foreign and security policy. (AP Photo/Sergei Grits)
A woman casts her ballot at a polling station during a presidential election in Espoo, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president. (AP Photo/Sergei Grits)
A man casts his ballot at a polling station during a presidential election in Espoo, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president. (AP Photo/Sergei Grits)
National Coalition Party (NCP) presidential candidate Alexander Stubb with his wife Suzanne Innes-Stubb cast their ballots at a polling station during presidential election, Espoo, Finland, Sunday, Feb.11, 2024. Finns choose either of two experienced politicians to be their next head of state, whose main task will be to steer the new NATO member's foreign and security policy. (AP Photo/Sergei Grits)
Green Party backed candidate Pekka Haavisto casts his vote, in Helsinki, Finland, Sunday, Feb. 11, 2024. Finnish voters are choosing between two experienced politicians to be their next president. The winner's main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. Center-right former prime minister Alexander Stubb and former foreign minister Pekka Haavisto, from the green left, largely agree on Finland’s foreign policy and security priorities. (Mikko Stig/Lehtikuva via AP)
Green Party backed candidate Pekka Haavisto casts his vote with his partner Antonio Flores, background left, in Helsinki, Finland, Sunday, Feb. 11, 2024. Finnish voters are choosing between two experienced politicians to be their next president. The winner's main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. Center-right former prime minister Alexander Stubb and former foreign minister Pekka Haavisto, from the green left, largely agree on Finland’s foreign policy and security priorities. (AP Photo/Sergei Grits)
Preliminary votes of the second round of the Finnish presidential election are counted in Helsinki, Finland, on Sunday Feb. 11, 2024. Finnish voters are choosing between two experienced politicians to be their next president. The winner's main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Roni Rekomaa/Lehtikuva via AP)
Preliminary votes of the second round of the Finnish presidential election are counted in Helsinki, Finland, on Sunday Feb. 11, 2024. Finnish voters are choosing between two experienced politicians to be their next president. The winner's main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Roni Rekomaa/Lehtikuva via AP)National Coalition Party (NCP) presidential candidate Alexander Stubb speaks to media after voting at a polling station during a presidential election in Espoo, Finland, Sunday, Feb.11, 2024. Finns choose either of two experienced politicians to be their next head of state, whose main task will be to steer the new NATO member's foreign and security policy. (AP Photo/Sergei Grits) 
People wait to cast their ballots at a polling station during a presidential election in Espoo, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president. (AP Photo/Sergei Grits)
National Coalition Party (NCP) presidential candidate Alexander Stubb reacts as he attends his election reception, in Helsinki, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president, whose main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Emmi Korhonen./Lehtikuva via AP)
National Coalition Party (NCP) presidential candidate Alexander Stubb, right and Green Party backed candidate Pekka Haavisto stand together at an election night event at the Helsinki City Hall in Helsinki, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president, whose main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Heikki Saukkomaa/Lehtikuva via AP)
National Coalition Party (NCP) presidential candidate Alexander Stubb, left and Green Party backed candidate Pekka Haavisto stand together at an election night event at the Helsinki City Hall in Helsinki, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president, whose main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Heikki Saukkomaa/Lehtikuva via AP)
National Coalition Party (NCP) presidential candidate Alexander Stubb, left and Green Party backed candidate Pekka Haavisto stand together at an election night event at the Helsinki City Hall in Helsinki, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president, whose main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Heikki Saukkomaa/Lehtikuva via AP)
National Coalition Party (NCP) presidential candidate Alexander Stubb, centre, hugs Prime Minister Petteri Orpo after hearing the results of the advance votes, at his election reception, in Helsinki, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president, whose main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Emmi Korhonen./Lehtikuva via AP)
National Coalition Party (NCP) presidential candidate Alexander Stubb, centre kisses his wife after hearing the results of the advance votes, at Stubb's election reception, in Helsinki, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president, whose main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Emmi Korhonen./Lehtikuva via AP)
National Coalition Party (NCP) presidential candidate Alexander Stubb, centre, listens to the results of the advance votes, as Prime Minister Petteri Orpo gestures, at Stubb's election reception, in Helsinki, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president, whose main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Emmi Korhonen./Lehtikuva via AP)
National Coalition Party candidate Alexander Stubb, left, and Social Movement candidate Pekka Haavisto attend a Presidential election event, at the Helsinki City Hall, in Helsinki, Finland, Sunday, Feb. 11, 2024. Alexander Stubb is projected to win Finland’s presidential election runoff on Sunday against the former Foreign Minister Pekka Haavisto. (AP Photo/Sergei Grits)
National Coalition Party (NCP) presidential candidate Alexander Stubb, left and Green Party backed candidate Pekka Haavisto shake handsat an election night event at the Helsinki City Hall in Helsinki, Finland, Sunday, Feb. 11, 2024. Stubb is projected to win Finland’s presidential election runoff on Sunday against the former Foreign Minister Pekka Haavisto. (Heikki Saukkomaa/Lehtikuva via AP)
National Coalition Party presidential candidate Alexander Stubb, left, joins Green Party backed candidate Pekka Haavisto on stage at his election reception, in Helsinki, Finland, Sunday, Feb. 11, 2024. Alexander Stubb is projected to win Finland’s presidential election runoff on Sunday against the former Foreign Minister Pekka Haavisto. (Vesa Moilanen/Lehtikuva via AP)
National Coalition Party presidential candidate Alexander Stubb, left, joins Green Party backed candidate Pekka Haavisto on stage at his election reception, in Helsinki, Finland, Sunday, Feb. 11, 2024. Alexander Stubb is projected to win Finland’s presidential election runoff on Sunday against the former Foreign Minister Pekka Haavisto. (Vesa Moilanen/Lehtikuva via AP)
National Coalition Party candidate Alexander Stubb, left, and Social Movement candidate Pekka Haavisto attend a Presidential election event, at the Helsinki City Hall, in Helsinki, Finland, Sunday, Feb. 11, 2024. Stubb is projected to win Finland’s presidential election runoff on Sunday against the former Foreign Minister Pekka Haavisto. (AP Photo/Sergei Grits)
Green Party backed candidate Pekka Haavisto, foreground left and partner Antonio Flores wait for the preliminary results of the Finnish presidential elections at an election reception in Helsinki, Finland, Sunday, Feb. 11, 2024. Voters in Finland are choosing Sunday between two experienced politicians to be their next president, whose main task will be to steer the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine. (Vesa Moilanen/Lehtikuva via AP)
National Coalition Party candidate Alexander Stubb, left, and Social Movement candidate Pekka Haavisto prepared to shake hands during a Presidential election event, at the Helsinki City Hall, in Helsinki, Finland, Sunday, Feb. 11, 2024. Stubb is projected to win Finland’s presidential election runoff on Sunday against the former Foreign Minister Pekka Haavisto (AP Photo/Sergei Grits)HELSINKI (AP) — Former Prime Minister Alexander Stubb won Finland’s election runoff Sunday against ex-Foreign Minister Pekka Haavisto in a close race for the presidency and the task of steering the Nordic country’s foreign and security policy now that it is a member of NATO, following Russia’s invasion of Ukraine.
With all votes counted, center-right candidate Stubb of the National Coalition Party had 51.6% of the votes, while independent candidate Haavisto from the green left got 48.4% of the votes.
The 55-year-old Stubb, who was prime minister in 2014-2015 and started his political career as a lawmaker at the European Parliament in 2004, will become the 13th president of Finland since the Nordic country’s independence from the Russian empire in 1917.
Haavisto conceded defeat after a projection by the Finnish public broadcaster YLE showing a win for Stubb was released Sunday night. He shook Stubb's hand and congratulated him at Helsinki City Hall, where the candidates and the media were watching the results come in.
The months' long election campaign was polite and non-confrontational in line with consensus-driven Finnish politics with no below-the-belt attacks from any of the candidates - something that Stubb noted in his speech to Haavisto.
“This has been a fair, great race,” Stubb told Haavisto after the result was clear. “I'm proud that I have been able to run with you in these elections. Thanks for a good race.”
Stubb and Haavisto, 65, were the main contenders in the election where over 4 million eligible voters picked a successor to hugely popular President Sauli Niinistö, whose second six-year term expires in March. He wasn’t eligible for reelection.
Sunday’s runoff was required because none of the original nine candidates got more than half of the votes in Jan. 28 first round. Stubb emerged at the top with 27.3%, with Haavisto the runner-up on 25.8%.
Several polls indicated Stubb, who has also served as Finland's foreign, finance and European affairs minister, was the favorite to win the presidency.
Initial voter turnout was 70.7%, markedly lower than during the first voting round when it was 75%.
Unlike in most European countries, the president of Finland holds executive power in formulating foreign and security policy together with the government, especially concerning countries outside the European Union such as the United States, Russia and China.
During the election campaign, Stubb and Haavisto largely agreed on Finland’s foreign policy and security priorities. These include maintaining a hard line toward Moscow and Russia’s current leadership, strengthening security ties with Washington, and the need to help Ukraine both militarily and at a civilian level. Finland shares a 1,340-kilometer (832-mile) border with Russia.
The head of state also commands the military — particularly important in Europe’s current security environment and the changed geopolitical situation of Finland, which joined NATO in April 2023 in the aftermath of Russia’s attack on Ukraine a year earlier.
Ukraine’ President Voldymyr Zelenskyy was among the first foreign dignitaries to send “sincere congratulations” to Stubb, a staunch supporter of Kyiv, on his win.
Zelenskyy said in message on X, formerly known as Twitter, that “Ukraine and Finland, in solidarity with other partners, are strengthening the security of the entire Europe and each nation on our continent. I look forward to advancing our relations and our shared vision of a free, united, and well-defended Europe.”
The Finnish president is expected to remain above the fray of day-to-day politics and largely to stay out of domestic political disputes.
Haavisto was Finland’s top diplomat in 2019-2023 and the main negotiator of its entry into NATO. A former conflict mediator with the United Nations and a passionate environmentalist, this was his third bid for the presidency.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
