Moldova is set to hold a runoff presidential election on November 3, as none of the candidates gained the required over 50 percent of the votes in the first round after almost all the votes were counted early on Monday morning.

Under the country's constitution, a candidate must win an absolute majority (50 percent plus one vote) of the votes to be elected president. Otherwise, the two candidates with the most votes proceed to a runoff.

The runoff will be held between incumbent President Maia Sandu and former Prosecutor General Alexandru Stoianoglo, as the two are far ahead of the other 11 candidates, with 37.7 percent and 28.8 percent of the votes, respectively, according to the latest preliminary results from the Central Election Commission (CEC) after processing 90.3 percent of the votes.

According to the CEC data published after polling stations closed, 1,559,452 voters, or 51.61 percent, participated in the election – well above the minimum threshold of one-third of the total number of registered voters required for an election to be valid.

Moldova held elections on Sunday to choose a new president, with over 2,000 polling stations open to voters from 7 a.m. until 9 p.m.