Breeding Cash-Bill Registration Practice Through Lottery
26 April, 2012

To embed the cash-bill registering practice Revenue Service of Georgia started a lottery on April 18, 2012 that turns each cash-bill, printed by cash-machine throughout Georgia, into a lottery ticket. The lottery will be on till the end of this year. GEL 9 million is earmarked as the lottery fund and the prize rates include  GEL 10, 20, 50, 100, and  go as high as GEL 10 thousand and 50 thousand.

Demand on cash-bills increased enormously starting April 18 when

the Revenue Service (RS) initiated a bill-based lottery to raise motivation in consumers to demand cash-bills at any trade outlets or service sector that are demanded to register purchase of each consumer or service provided to each consumer by registering cash-bills.
“Everybody demands these bills now. People who did not care for cash bills now ask me to print separately on each purchased item,” a saleswoman of a little supermarket complained to Georgian Journal.
“It is an open secret that smaller markets and supermarket as well as petty service entrepreneurs eluded their responsibility always to print cash-bills so as to hide taxes and enjoy bigger profit. And inasmuch as Georgian consumer did not care for these cheques much the questioned business and consumer led a quite peaceful life. And although tax service became quite active to check bill-register cases at spot and used to impose GEL 500 penalties on each infringement some risky entrepreneurs still ignore this practice: tax officers cannot check things everywhere all the time.
Now RS referred to a trick: it decided to make consumers interested to demand cash-bills and launched a lottery that wins money based on digits fixed on cash-bills and offers quite enticing sums too like GEL 50 thousand thus establishing a permanent supervision on bill-registration. 
Consumer can check whether or not the bill won any sum immediately as soon as the bill is handed through cell phone. To this end consumer can also enter the RS web-page www. or use quick payment machines installed at trade outlets. The won sum is paid at Liberty Bank, KorStandard Bank, Private Bank or Basis Bank service centers for 30 days starting the bill-registration date. 
The GEL 10 thousand and GEL 50 thousand prizes are exempted from income tax as far as RS pays this tax for them.
Georgian Lottery Company assisted RS to work out and operate the lottery program. Consumers can get answers to any question through special facebook page and hot-line service. 
Economic analysts think the RS project will justify GEL 9 million of expenses as legal transactions turnover will increase while prizes will occur quite seldom but the PR machine will work increasing bill-demand culture in Georgian consumer.
“About 1400-1850 bills have been checked already and the number increase each day,” Maka Pankvelashvili, PR of the RS said. “The lottery will be till the end if this year and then let’s see.”
“RS is not supposed to be at loss, GEL 9 million of fund is not such a big sum to lead to loss, it money will be reimbursed through increased transaction turnover at any rate, this seems a very intricate invention really, it works as a PR machine on the one hand and is a novelty on the other hand,” Davit Narmania, Executive Director of the Caucasian Institute for Economic and Social Research, said.

Other Stories
Everything of comfortable life in one space – Second part of construction of one of the largest apartment complexes finished in Tbilisi
Apartment in ecologically clean environment, thousands of square meters of green yard, swimming pools, places for various sports activities, treks for walking and running, commercial spaces – all these available in one space is not a fantasy.
Batumi awarded Europe's Leading Emerging Tourism Destination 2019
World Travel Awards Europe Gala Ceremony 2019 took place on the 8th of June in Madeira, Portugal.
Coca Cola to open new factory in Georgia, will hire female drivers
Coca Cola is opening new factory in Georgia in December.
World's best party supply company now on the Georgian market
The largest party supply store in Georgia - MyDay is launching as the official distributor of AMSCAN from 2019.
Live as a marketing tool and an unprecedented live stream launched by Livetag
Sharing information has become smoother and more versatile in today’s technological world. Recently, live streaming, an online streaming media has become especially popular.
Theme and program of Caspian Energy Forum Tbilisi – 2019 changed
“The 8th International Caspian Energy Forum Tbilisi – 2019, scheduled for June 21, will focus on the development of the Azerbaijan-Georgia relations in the field of economy and energy”,
Misunderstanding over Poti deep sea ports
There was misunderstanding around deep sea ports in Georgia – in Poti.
High demand for dollars or the investment decline – Why Georgian Lari depreciates
$1 equals GEL 2,7470 in the official rate set by the National Bank of Georgia (NBG).
PSP Group confirms negotiations regarding purchasing of GEO Hospitals
PSP Group confirms negotiations regarding purchasing of GEO Hospitals.
New life to be given to Dashbashi Canyon
Georgia’s Agency of Protected Areas is planning to give new life to Dashbashi Canyon in Tsalka (southeastern Georgia).
Who is constructing “Khadori 3” Hydropower Plant in Pankisi Gorge?
Clashes broke out in Pankisi Gorge, Georgia’s northeastern region between special forces and residents
Business Positive – Successful radio program from Radio Positive
Starting point of radio program Business Positive is to meet interesting people, communicate with them and deliver information that is interesting for the audience.
A factory of electric vehicles to be built in Kutaisi
Prime Minister Mamuka Bakhtadze stated that a factory of electric vehicles will be built in Kutaisi at the presentation of the Aigroup business group.
Qvevri-shaped hotel complex to be built in Telavi
A Qvevri-shaped hotel complex is scheduled to be built in the village of Shalauri in Telavi, Kakheti (east part of Georgia).
Georgian designers presented at Fashion World Tokyo 2019
The products of 11 Georgian designers are showcased at Fashion World Tokyo 2019,
Silknet raises $200 million in Eurobond issue
27 March 2019 - JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”).
Pistachio trees will be planted in Georgia
Dozens of hectares of Pistachio are planned to be planted in Georgia this year.
Toyota Safety Sense and Hybrid Technology
Toyota Caucasus, has presented two new models the 5th generation RAV4 and the 12th generation Corolla at Rustavi International Motorpark, several days ago.
Bidzina Ivanishvili “became number one oppressor of businesses in Georgia” - ICC Georgia chairman Fady Asly
Mr. Ivanishvili promised the business community to protect them from harassment and pressure, unfortunately his words died with the sunset of that day
The best brands of Belarus will be exhibited on a large-scale exposition in Tbilisi
"The Belarusians like to come to Georgia to relax near the sea in Batumi as well as to stay in sunny Kakhetia."
Don’t treat business like a hooker! - Georgian businessman Vasil Soprpmadze addresses politicians
Businessman Vasil Sopromadze, founder of the company "Fresco", addresses politicians
RAV4 No Compromise and Corolla Set to Impress – Two New Cars Presented by Toyota
Toyota Caucasus, the company constantly aspiring to greatness, has presented two new models the 5th generation RAV4 and the 12th generation Corolla.
Mamuka Khazaradze quits TBC bank, does not sell the TBC Bank share
I made a decision to leave TBC bank where I spent 27 years of my life
10 Reasons to buy an apartment in the suburbs
There is a tendency for Tbilisi dwellers to move from central parts of the capital to the suburbs.
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
GEL Exchange Rate
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
July 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31