Nobel laureate peace winner Jose Ramos Horta has won the presidential election in Timor- Leste, stating that he would bring a hope for stability and economic development in the newly established nation.

Rivalry of political leaders and fighting among groups could be halted, as the president-elect got the support of the majority of voters and has the link with the biggest leading party of Fretelin, as he was one of the founding members of the party.

But, the success of the president's efforts would also depend on how fast he could strengthen his political basis along with reconciling groups in the country.

His performance during the last April unrest has proven that he could be accepted in all groups.

The appeal from rival Francisco Guterres Lu Olo from the leading Fretelin party to his supporters to accept the results of the presidential election would also pave the way for Horta's effort for reconciliation.

There is a room for Horta to issue a firm policy about security without risking a loosing support such as it was before the presidential poll.

There is a hope that the over 30,000 internally displaced persons living in tens in the capital Dili could return home.

With his strong link with international community, Horta could easily invite foreign investors to invest in the nation.

With its revenue about 100 million U.S. dollars a year from oil and a possible 200 million U.S. dollars a year from gas in the next three or six years, Timor-Leste could start to build infrastructure and to reduce poverty and serious unemployment.

Economic growth is hopeful as an economic growth of 30 percent in the country this year was predicted by the Asian Development Bank.

The international support to Timor-Leste would continue, according to European Union's chief observer to the election Jose Javier Pomes Ruis.

Ruis said that to gain an economic development, the new nation must have a strong government and strong international support. It needs international investment.

"I assure you the European Union will help this country," he said.

Political expert of Timor-Leste Julio Thomas said that stability and political process were the keys for the starting of the economic development in the country.

Source: Xinhua