Georgian Billionaire’s Coalition Leads in Single-Mandate Race

Georgian billionaire Bidzina Ivanishvili’s opposition coalition won 39 of 73 seats available in the single-mandate race in Oct. 1 parliamentary elections, Rustavi 2 reported, citing the Election Commission.

President Mikheil Saakashvili’s United National Movement took the other 34 seats, the Tbilisi-based television station said today. Chiora Taktakishvili, a spokeswoman for UNM, confirmed her party’s result. Election Commission officials refused to comment until all votes are counted. Georgian Dream press officials were not immediately available for comment.

With 99.7 percent of the ballots tallied, Georgia Dream had 54.9 percent versus 40.4 percent for UNM. No other parties managed to overcome the 5 percent threshold needed for representation. Another 77 seats in the legislature will be allocated through voting for party lists.

To contact the reporter on this story: Helena Bedwell in Tbilisi at hbedwell@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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