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
The World Digital Mining Summit to be held in Georgia
The summit is scheduled to take place between 21st-23rd September in the Hualing Hotel, Tbilisi, Georgia.
Galt and Taggart - Tourism Boom Continues in Georgia
Tourism has become one of the key drivers for the Georgian economy. Galt and Taggart has recently published research about the Georgian tourism sector in the first half of 2018.
"The worst dream for Putin is that Russians want to live in Georgia"
This year, visitors to the Adjara region would notice that there is a boom in construction in and around Batumi.
Underground gas storage facility to be built in Georgia
KfW, a German government-owned development bank signed a EUR 150 million promotional loan with the state-owned Georgian Oil and Gas Corporation (GOGC) for the construction of the first underground gas storage facility in Georgia.
New gambling rules for Georgia
Georgian lawmakers are preparing a new draft law relating to online-casinos and gambling that will seek to curb gambling addiction in Georgia.
How expensive is it to visit Georgia?
The Georgian Lari (GEL) is the official currency of Georgia and is the only legal means of payment in the entire territory of Georgia.
Trade with the EU and the Commonwealth of Independent States (CIS) has grown significantly
Trade with the EU and the CIS has grown by 26% and 33.5 % respectively, says GeoStat, the Georgian National Statistics Office.
The unemployment rate decreases in Georgia
The unemployment rate decreased in Georgia by 1,9% and amounted to 12.1% in the 2nd quarter of 2018 compared with the previous quarter,
Memorandum of Understanding to be signed between Georgia and Malaysia
According to the Georgian Ambassador to Malaysia Nikoloz Apkhazava, Georgia plans to sign a Memorandum of Understanding (MoU) with Malaysia.
“Blauenstein Georgia” due to expand in Georgia
“Blauenstein Georgia” is planning to open more shops in Georgia. It is an agriculture company that sells meat products, meat and convenience food.
The amount of Direct Foreign Investment rises in Georgia
According to the information of the National Statistics Office of Georgia, the amount of direct foreign investment in Georgia has risen
It’s going to get  harder for foreigners to get residence permit in Georgia
It’s going to get harder for foreigners to get permit of residence in Georgia.
Mziuri Park in Tbilisi to be renovated soon
It was the dream of prominent Georgian writer Nodar Dumbadze that when the original Mziuri park was constructed and opened in 1892 that it should be a park for children,
Winemakers to produce Kvanchkara in its place of origin - Racha
Khvanchakara is a semi-sweet Georgian red wine which originates from Racha, in the western part of Georgia. Kvanchkara is made of two types of grape Mujuretuli and Aleksandrouli.
The level of Georgian wine and Chacha exported has increased
The National Wine Agency of Georgia has recently published statistical information about the level of Georgian wine and Chacha exported between January and July, 2018.
New fire engines to be Manufactured in Georgia
The Acting Head of the Emergency Management Agency Shalva Khutsishvili said that the old Zili fire engines (which were made in the USSR) will be phased out and replaced with new ones, manufactured in Georgia.
Georgia witnesses a record number of tourists
The Georgian National Tourism Administration publishes statistical information about international visits to Georgia.
Canadian businessman plans to build a hotel in Bakhmaro
Canadian businessman Vadim Malishev plans to build a hotel in Bakhmaro resort, Guria, in the western part of Georgia.
Coffee Factory will open in Tbilisi in October
The first coffee factory (which will be located on the Kakheti highway) in Tbilisi will open in October.
Places in Georgia where real estate is the most expensive
The real estate market in Georgia is growing annually. In Tbilisi as well as other regions of Georgia new developments are increasingly taking place.
How much does a vacation cost in Tbilisi?
It is the middle of summer and those who have not yet taken a vacation are looking for an appropriate place for sure!
The price for extreme sports in Georgia
Georgia offers a variety of options to extreme sport lovers.
The number of Georgians who own property abroad increases
The number of foreign properties owned by Georgians is increasing.
How much does Taxi cost in Tbilisi?
Stories how Taxi drivers try to deceive passengers and charge them with more money than they should pay are known for everybody all over the world.
What are the highest paid areas in Georgia
According to the data collected by the National Statistics Office of Georgia in the first quarter of 2018 the highest paid jobs in Georgia are found in the financial and insurance fields.
Exchange Rates
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
September 2018
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