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Nicos Anastasiades is tipped to win the elections in Cyprus, but it is still unclear if a runoff is needed.
Nicos Anastasiades was ahead at the polls in Cyprus, where citizens cast their ballots for the presidency Sunday.
The center-right candidate has been tipped to win the elections, and exit polls and unofficial results have him pulling in anywhere from 49 percent to 52 percent of the vote, BBC News reported.
In order to clinch the victory outright, Anastasiades needs at least 50 percent plus one vote from all ballots cast; if not, the two top candidates enter a runoff election next weekend, the Associated Press explained.
Polls show the center-right politician has a good 15-point lead over second-place, leftist candidate Stavros Malas, but the two could face off if Anastasiades doesn't secure the 50 percent he needs, according to Reuters.
Giorgos Lillikas is neck-in-neck for second place with Malas: Malas had 27.23 percent of the vote, according to exit polls, while Lillikas had 25.2 percent, AP reported.
Anastasiades is the most pro-bailout candidate, which has been the central issue in Cyprus' elections.
"Everything is at stake, like it has never been before," said Kyriakos Iacovides, publisher of the Cyprus Mail newspaper, according to Reuters. "The country must be rebuilt, Cyprus must be rehabilitated in the EU. We need a strong leadership to rebuild the country."
More from GlobalPost: Why a ‘small’ bailout for little Cyprus is a big deal