1. A candidate for President is proposed to the Assembly by a group of no fewer than 20 deputies. A deputy is not permitted to propose more than one candidate at the same time.

2. The President of the Republic if elected by secret voting and without debate by the Assembly. The Assembly holds up to five votes for the election of the President.

The first vote is held no later than seven days from the beginning of the procedure for the election of the President. Each of the other votes is held no later than seven days from the unsuccessful end of the previous vote. The voting is considered performed even when no candidate is presented in the competition. New candidates may be presented in the second, third and fourth voting, according to the conditions of point 1 of this article.

3. The President is elected in the first, second or third vote when a candidate receives no less than three fifths of the votes of all the members of the Assembly. In the fourth and fifth vote, the candidate who obtains more than half of the votes of all the members of the Assembly is elected President.

4. The fifth vote is held when in the fourth vote, no candidate has obtained the required majority of votes. The fifth vote is held between the two candidates who have received the most votes in the fourth vote. If there are more than two candidates with the same number of votes, the candidate who takes part in the voting is determined by lot.

If after the fourth vote no candidate has remained in competition, new candidates may be presented for this vote according to the conditions of point 1 of this article. When more than two candidates are presented, the voting is held between the two candidates who have obtained the largest number of proposing deputies.

5. If even after the fifth vote, no candidate obtains the required majority, or when after the fourth unsuccessful vote, no new candidacy is presented, the Assembly dissolves. New elections are held within 45 days from its dissolution.

6. The succeeding Assembly elects the President of the Republic with a majority of all its members.