On February 14, 2015, in accordance with the Election’s result, and the Presidential Decree setting date for the transition of power, His Excellency the Prime Minister Elect Denis Tezdzhan assumed the office of the Prime Minister of the Federal Republic of Lostisland, succeeding the Acting Prime Minister Irina Sopas. His Excellency appointed Omar Cisneros, first runner up at the election, as his Deputy Prime Minister.
The Election of the Prime Minister was taking place from February 1 to February 3, and ended with 54,5% of the votes for the ex-MP and PM Denis Tezdzhan. Omar Cisneros, appointed as his Deputy Prime Minister, finished the race second, with 18,2% of the votes.
In his Inauguration Speech, His Excellency promised to dedicate his skills to the development of the Federal Republic.