PWC News
Tuesday, August 11, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Georgia faces an uncertain future as all sides claim election victory By Reuters

Home Markets
Share on FacebookShare on Twitter


By Felix Gentle and Lucy Papachristou

TBILISI (Reuters) -Georgia’s strongest man claimed victory in an election on Saturday however the opposition referred to as on the ruling celebration to confess defeat, setting the stage for a confrontation over the way forward for the South Caucasus nation.

Georgian Dream’s billionaire founder Bidzina Ivanishvili, the opposition, and overseas diplomats had solid the election as a watershed second that might determine if Georgia strikes nearer to the West or leans again in the direction of Russia amid the warfare in Ukraine.

Early official outcomes with 70% of precincts counted, confirmed the ruling celebration had received 53% of the vote, the electoral fee mentioned, however the deeply divided pro-Western opposition events mentioned that that they had collectively clinched a majority.

Rival exit polls gave sharply completely different projections for the election. The Georgian Dream-supporting Imedi TV channel confirmed the ruling celebration profitable 56%. Exit polls by the pro-opposition channels confirmed main beneficial properties for the opposition events.

Ivanishvili, the ruling celebration’s reclusive billionaire founder and onetime prime minister, claimed victory and praised the Georgian individuals. However the opposition additionally celebrated victory and mentioned Ivanishvili ought to concede.

Tina Bokuchava, chief of the United Nationwide Motion celebration of former President Mikheil Saakashvili, advised Reuters that the opposition had received by an excellent margin of 10%.

“Towards that backdrop most individuals might be taking Bidzina Ivanishvili’s claims of a authorities majority with a big bucket of salt,” Bokuchava mentioned.

“We consider the Georgian public has voted clearly for a future on the coronary heart of Europe and no quantity of posturing will change that.”

CRUCIAL VOTE

Georgian President Salome Zourabichvili – a one-time ally of the ruling celebration turned fierce critic whose powers are principally ceremonial – and impartial home election displays had alleged Georgian Dream was engaged in widespread vote-buying and different types of electoral abuse within the lead-up to the vote.

Georgian Dream didn’t instantly reply to a request for remark. Ivanishvili, who made his fortune in Russia within the Nineties, got here to energy in 2012 advocating pro-Western views, alongside a realistic coverage in the direction of Russia.

He has since soured on the West, accusing a “World Struggle Celebration” of in search of to tug Georgia into warfare with Russia, at the same time as he insists Georgia is on target to affix the EU.

Some Georgians advised Reuters that they needed change.

“I voted for freedom and for the European selection,” mentioned voter Irakli Andronikashvili in Tbilisi on Saturday, including that he needed a authorities which was “extra progressive, much less corrupt and extra common sense.”

Georgia was as soon as one of the crucial pro-Western states to emerge from the chaotic aftermath of the Soviet Union’s collapse. The street main from Tbilisi’s airport is called after former U.S. President George W. Bush.

Since Russia’s invasion of Ukraine in February 2022, Tbilisi’s relations with the West have taken a pointy downward flip. In contrast to many Western allies, Georgia declined to impose sanctions on Moscow, whereas Georgian Dream’s rhetoric has turn out to be more and more pro-Russian.

Georgian Dream has drawn the ire of its Western allies for what they solid as its more and more authoritarian bent. Hungarian Prime Minister Viktor Orban congratulated Georgian Dream for an “overwhelming victory”.

The professional-opposition Formulation exit ballot mentioned that the ruling celebration can be the only largest celebration however that the 4 most important opposition events mixed would have 83 seats.

Georgia’s 4 most important opposition blocs are deeply divided, and it’s unclear if they may be capable to work collectively in the event that they deprive Georgian Dream of its majority.

Sandro Dvalishvili, a 23-year-old Georgian Dream activist, advised Reuters final week that Georgia would face “hazard” if his celebration of selection was defeated on the polls.

“If it seems that we don’t win, for me that’ll be very unhealthy. As a result of I don’t see one other pressure that can carry peace and stability to our nation”, he mentioned.





Source link

Tags: claimElectionfacesFutureGeorgiaReuterssidesuncertainVictory
Previous Post

‘Washington Post’ columnists push back against non-endorsement decision

Next Post

Coinbase Unveils On-Chain AI Agents On Ethereum L2 Base

Related Posts

Why Valvoline Is Dropping 5.1%: TD Cowen Maintains Buy – Alphastreet
Markets

Why Valvoline Is Dropping 5.1%: TD Cowen Maintains Buy – Alphastreet

August 10, 2026
Axsome signals 1 NDA per year through 2030 as AXS-12 targets May 1, 2027 PDUFA (NASDAQ:AXSM)
Markets

Axsome signals 1 NDA per year through 2030 as AXS-12 targets May 1, 2027 PDUFA (NASDAQ:AXSM)

August 10, 2026
Top Wall Street analysts like these 3 stocks for their solid growth potential
Markets

Top Wall Street analysts like these 3 stocks for their solid growth potential

August 10, 2026
Next big push in ETF industry? Why these risk assets are gaining traction as interest rate uncertainty persists
Markets

Next big push in ETF industry? Why these risk assets are gaining traction as interest rate uncertainty persists

August 8, 2026
Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett’s massive cash hoard
Markets

Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett’s massive cash hoard

August 10, 2026
nLIGHT Releases Q2 2026 Financial Results – Alphastreet
Markets

nLIGHT Releases Q2 2026 Financial Results – Alphastreet

August 9, 2026
Next Post
Coinbase Unveils On-Chain AI Agents On Ethereum L2 Base

Coinbase Unveils On-Chain AI Agents On Ethereum L2 Base

How’s Iceland’s 4-day work week working? ‘Incredibly well’

How's Iceland's 4-day work week working? 'Incredibly well'

Trump says he would replace income tax with tariffs on Joe Rogan podcast (NYSE:SPOT)

Trump says he would replace income tax with tariffs on Joe Rogan podcast (NYSE:SPOT)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Do college students need renters insurance?
Business

Do college students need renters insurance?

by PWC
August 7, 2026
0

Once you transfer into your first school dorm or residence, chances are you'll carry alongside a laptop computer, bike, cellphone,...

‘Grim’ New jobs report a ‘kick in the guts’: economics expert

‘Grim’ New jobs report a ‘kick in the guts’: economics expert

August 7, 2026
Michael Burry bets against rally: ‘We are near a major top, and possible a 1987-type fall’

Michael Burry bets against rally: ‘We are near a major top, and possible a 1987-type fall’

August 5, 2026
United Wholesale Mortgage plunges 35% after suspending dividend and raising capital

United Wholesale Mortgage plunges 35% after suspending dividend and raising capital

August 6, 2026
Sterlite Tech, HFCL gain 5% each on reports of US ban on Chinese data centre devices

Sterlite Tech, HFCL gain 5% each on reports of US ban on Chinese data centre devices

August 5, 2026
EVs and the Grid: Supporting Resilience, or Driving Defection?

EVs and the Grid: Supporting Resilience, or Driving Defection?

August 8, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.