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
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
The New York Times: Bitcoin declines but Georgia still bet on it
The New York Times has recently published an article about reasons, challenges and causes of generating Bitcoin in the former Soviet country Georgia.
EU to allocate € 13 billion for Eastern Partnership countries, including Georgia
The European Union together with the World Bank plans to allocate investment worth € 13 billion for infrastructure projects in the Eastern Partnership countries.
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
Biblusi opens first shop for tourists - Georgian
The largest book shop in Georgia Biblusi opens the first shop specially designated to the needs and interests of tourists and named it Georgian.
Georgia improves by five ranks in the Prosperity Index
In the overall Prosperity Index rankings, Georgia has climbed by 5 positions from 85 to 80 when compared to last year. As such, Georgia is the best performing country in the CIS zone.
The future is bright for electric cars in Georgia
The numerous hybrid cars in the streets of Tbilisi cannot be overlooked. Entrepreneur Sulkhan Gvalia calls them “pagers”, referring to the predecessor of mobile phones.
Georgia’s fight against the big tiny enemy – Asian Parosana
It’s a tiny creature, but the harm it did to the Georgian agriculture sector was and still is immense.
New cable route: from Kobi to Gudauri in 15 minutes
On the 15th of December, cable transport is scheduled to be opened connecting Kobi and Gudauri.
Tourist boom in Gudauri – majority of hotels are booked by foreigners
Gudauri is among the most popular winter resorts in Georgia.
Medical tourism increases in Georgia
In the last 9 months, Georgia was visited by 19 500 foreigners for medical and recovery purposes.
Doing business in Georgia has become easier than in America
According to the Doing Business 2019 report published by the World Bank, Georgia ranked 6th among 190 countries in terms of simplicity of doing business. This was an improvement over two ranks compared to last year.
Problems that foreigners frequently face in Georgia
The importance of Georgia as a tourism hub is growing year after year.
Tbilisi TV Broadcasting Tower – Better than the Eiffel Tower?
It is planned to renovate the Tbilisi TV Broadcasting Tower, one of the landmarks in the capital.
Georgian Fusion Menu by The Biltmore Hotel Tbilisi
5,895,914 international visitors have visited Georgia between January and August of 2018. Compared to the previous year the number has increased by 12.2 per cent.
Advertising of gambling and lucrative games may become banned in Georgia
Advertising of gambling and lucrative games may become banned in Georgia. Those who violate the new rule would be fined GEL 10 000.
Lebanese café-lounge Beirut opens in Tbilisi
What is necessary to organize an unforgettable event? – Fun, emotions, lots of surprises, good music and delicious menu.
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