With a solid majority in parliament, Ivanishvili is the favorite to become prime minister© REUTERS/ David Mdzinarishvili
TBILISI, October 8 (RIA Novosti)
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Georgian billionaire tycoon Bidzina Ivanishvili, the leader of the Georgian Dream coalition that won October 1 parliamentary elections, has told journalists that the new cabinet will be announced on Monday.
Georgian Dream won 83 out of 150 seats in the parliament. President Mikheil Saakashvili’s United National Movement (UNM) will have 67 seats.
The majority of the president's executive powers will be transferred to the new prime minister under constitutional reforms that take effect in January.
With a solid majority in parliament, Ivanishvili is the favorite to become prime minister. Saakashvili will remain president until his current term - his last under constitutional term limits - ends in October 2013.
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The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.