Tuesday, October 2, 2012

Georgia's President Concedes Parliamentary Election Defeat



Georgia President Mikheil Saakashvili Admits Election Loss -- BBC

President Mikheil Saakashvili has admitted his party has lost Georgia's parliamentary election, in a live TV announcement.

He said the Georgian Dream bloc of his main rival, billionaire tycoon Bidzina Ivanishvili, had won Monday's election.

Victory for Mr Ivanishvili means the first democratic transfer of power in Georgia's post-Soviet history.

Mr Ivanishvili said the "only right decision" would now be for Mr Saakashvili to resign.

Mr Saakashvili, who has led the country since 2003, is due to remain in power until presidential elections next year.

Under agreed reforms, the parliament and prime minister will acquire greater powers than the president after that election.

Early results showed Georgian Dream ahead in the party list vote, which accounts for 77 of the 150 seats.

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More News On Georgia's Parliamentary Election

Georgia’s President Concedes Defeat in Parliamentary Election
-- New York Times
Georgian president concedes his party lost -- AP
Georgia's President Concedes Election Defeat -- Wall Street Journal
Georgia's president concedes defeat in parliamentary elections -- CNN
Georgia Billionaire Scores Shock Vote Upset Over Saakashvili -- Bloomberg Businessweek
Georgia Ruling Party Concedes Defeat in Parliamentary Election -- Voice of America
Georgia's president Saakashvili concedes election defeat -- The Guardian
Georgian opposition celebrates as both sides see victory -- Reuters
Elections in Georgia: Why the Stakes are So High -- Liz Fuller, The Atlantic
Georgia’s leader-apparent is an eccentric zebra-collecting billionaire with a Russian past -- Washington Post/AP
Georgia's Election: Did Saakashvili Concede Defeat Prematurely? -- The Atlantic

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