Alexander Stubb wins first round of Finland's presidential vote to set up a runoff, projection says

Ex-Prime Minister Alexander Stubb was projected to win the first round of Finland's presidential election on Sunday and face runner-up Pekka Haavisto in a runoff next month.

Finnish public broadcaster YLE projected that Stubb won the first round of the presidential election with 27.3% of the votes, while Haavisto, an ex-foreign minister, took second place with 25.8%. Parliamentary Speaker Jussi Halla-aho came in third place with 18.6%.

The projected result will push the race into a runoff on Feb. 11 between Stubb and Haavisto, because none of the candidates received more than half of the votes.

YLE's prediction, highly accurate in previous elections, is a mathematical model calculated on the basis of advance votes and a certain number of Sunday's votes under official data provided by the Legal Register Centre. Exit polls aren't generally used in Finland.

Stubb, 55, and Haavisto, 65, were the main contenders in the election. About 4.5 million eligible voters picked a successor out of nine candidates to hugely popular President Sauli Niinistö, whose second six-year term expires in March. He wasn't eligible for reelection.

Polls across the country closed at 8 p.m. (1800 GMT). Initial voter turnout was 74.9%.

Stubb represents the conservative National Coalition Party and headed the Finnish government in 2014-2015, while veteran politician Haavisto, an ex-U.N. diplomat and Green League member, is running for the post for the third time as an independent candidate.

Unlike in most European countries, the president of Finland holds executive power in formulating foreign and security policy, particularly when dealing with countries outside the European Union like the United States, Russia and China.

The president also acts as the supreme