An ally of billionaire Georgian Prime Minister Bidzina Ivanishvili claimed a crushing first-round victory in a presidential vote today after his main opponent conceded defeat and exit polls pointed to an overwhelming win.
Giorgi Margvelashvili, a little-known academic from the premier's Georgian Dream coalition, had at least 66 percent of the vote in two television exit polls, well ahead of former parliament speaker David Bakradze of outgoing President Mikheil Saakashvili's United National Movement party, in second place with around 20 percent in the ex-Soviet state.
"I thank you all so much. It is our shared victory," Margvelashvili told cheering supporters at a rally in Tbilisi.
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Runner-up Bakradze quickly conceded defeat to his rival, saying he accepted the result of the exit polls.
"I congratulate Giorgi Margvelashvili on his electoral win and the trust expressed in him by the Georgian people," Bakradze said in televised comments.
Today's vote calls time on US-ally Saakashvili's decade in power and his fractious year-long cohabitation with arch-enemy Ivanishvili, who has promised to also step down in the coming weeks.
If confirmed, Margvelashvili will assume a weakened role as constitutional changes will see the next president cede many key powers to the prime minister.
According to the most recent figures from the election commission, turnout was at 39 percent three hours before polls closed.
Ivanishvili, 57, wrested power from Saakashvili's party in parliamentary polls last year, marking Georgia's first orderly transition of power.
Earlier in the day voters had said they saw Margvelashvili as a clean break from Saakashvili.
At a polling station in central Tbilisi, professor Serge Tsutskiridze said he had picked "reserved" Margvelashvili because he wanted to see a new style of leader after Saakashvili's divisive rule.
"We don't need another emotional and headstrong president," said the 67-year-old.