Liveblog: Georgia Votes For President

Overview

-- Exit poll results show Giorgi Margvelashvili winning outright victory. He is projected to win 67 to 68 percent of the vote, with the closest runner up, Davit Bakradze earning 17-20 percent. Bakradze has conceded defeat.

-- Turnout was 46.6 percent -- a steep drop, compared to parliamentary elections last year, when 60.8 percent of eligible voters turned out to vote. There were some 3.5 million eligible voters.

-- There were 23 candidates standing in today's poll, but most attention focused on three candidates: Giorgi Margvelashvili, representing the Georgian Dream coalition and handpicked by Prime Minister Bidzina Ivanishvili; Davit Bakradze, a member of President Mikhail Saakashvili's United National Movement (UNM); and Nino Burjanadze, the leader of the Democratic Movement-United Georgia party.

-- Consitutional reforms, which concentrate most power in the hands of the prime minister, will take effect following today's vote. Ivanishvili has said he will retire by the end of this year, but has not said whom he will appoint as his successor.

-- Glenn Kates