Initial results suggest that Georgy Margvelashvili has achieved a landslide win in Georgia’s presidential election, securing 63 percent of the vote.
It puts the Georgian Dream coalition in charge of both the presidency and the parliament for the first time.
Margvelashvili is a close ally of Prime Minister Bidzina Ivanishvili, Georgia’s richest man and founder of the Georgian Dream.
David Bakradze, the candidate supported by outgoing President Mikheil Saakashvili, has accepted defeat.
Saakashvili warned of the country’s change of course: “I don’t want to hide from you that the events of the past year and of today, and also the results of today, are a serious setback for Georgia and for its future prospects”.
There is hope that Saakashvili’s departure after a decade in power could bring an end to the bitter feuding that has been hindering policy-making. The Georgian Dream ousted his cabinet in a parliamentary election in 2012.