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NICOSIA, Cyprus (AP) — Newly elected Cypriot President Nicos Anastasiades has named a foreign and a finance minister to his Cabinet.

Anastasiades announced Monday that he has chosen Michalis Sarris to the financial post and Ioannis Kasoulides to oversee foreign affairs once the president begins his 5-year term on March 1. Sarris, 66, helped usher the country into the eurozone as finance minister in 2008. Kasoulides, 64, served as foreign minister in 1997-2003 and played an important role in steering Cyprus toward European Union membership.

Anastasiades, who was elected on Sunday, also appointed the 65-year-old Christopher Pissarides, a Nobel Prize winner in economics, to head a national economics advisory body. Cash-strapped Cyprus is looking to finalize a rescue package with international lenders by the end of next month to avoid going bankrupt.