MENU

Wine Bond Issued to Survive Pandemic Crisis

D&T
April 8, 2020

Due to the coronavirus pandemic the Gál Tibor winery in Eger, east of Budapest has lost all its sales channels: restaurants, wine bars, wine stores are all closed down and the restaurant which served guests and direct sales is, of course, no exception.

“However, life must go on,” winemaker Tibor Gál says. “Spring is here, buds and shoots have appeared on the vines. To cultivate our vineyards, to harvest the grapes and to survive the intervening periodm we need financial resources. This is why we have come up with the idea of Wine Bonds.”

For the owners of the winery, it is of utmost importance to remain loyal to their employees in these hard times and to provide a living for those working in their offices, in catering, in the vineyards and in the cellar.

The Tibor Gál Wine Bond is, obviously, not official security but a kind of pre-financing of a future service, a voucher if you like, the winemaker says. However, it functions like securities with due guarantees, interests and it is transferable but redemption and interest payment will be done in wine and treats. It could be a vital contribution to help the winery’s survival. The winery looks back to a history of 27 years and Tibor Gál is hoping to run the estate for at least another 27 years. Income from the sale of the bonds will be spent on keeping the jobs of their employees.

D&T

No comment yet. Be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

sixteen − 6 =

  • Top 5 Articles


  • Articles by Date

  • Hashtags

    #Abel Prize #Academy #Academy Awards #Accenture #Accident #acquisition #Adrian Ellis #Adriana Gonzalez #Advanced Power AG #Adventure #Advertising #Advertorial #Aerospace industry #Afghanistan #Africa #after tax profit #Agency #Agrarian industry #Agreement #Agricultural machinery #agriculture #Ahna Capri #air cargo #Air navigation #Air traffic #Air transport #air travel #Airbus Helicopters Hungary Ltd. #Airline industry #Airplane Gizi #airport cargo #airport services #Albania #Alberto Vercelli #Aldi #Alexander Tolkach #Aliza Bin-Noun #All Souls Day #Allison Transmission Ltd. #ALTEO Plc. #Ambassador Ali Mokrani #Ambassador Dag Hartelius #Ambassador David B. Cornstein #Ambassador David Nájera #Ambassador Kumar Tuhin #Ambassador Kyoo Sik Choe #Ambassador Massimo Rustico #Ambassador of India #Ambassador of Malaysia #Ambassador of the Republic of Korea to Hungary #Ambassadors #Ambassadors in Budapest #AmCham #American Airlines #American football #Amos Oz #Andersen Consulting #András Simor #Andrea Jádi #Andrew G. Vajna #Angela Merkel #Angola #Animal husbandry #Animals #Ankita Sood #Anna Nánási #Anna Olasz #anniversary #Annual report #Antal Dreher #Antal Rogán #Antal Vöneki #Anthony Nolan foundation #Antro Moveo #Anunciada Fernández de Córdova #ANY Security Printing Company Plc. #Appeninn Asset Management Holding Plc. #Apple Design Awards #Ararat #archeological excavations #Archeology #Ariston Thermo Group #Armenia #Arms trade #Arraiolos Group #Arrow Architects #art gallery #Art Hall #Art treasure #ASEAN #Asset management #Association of Immortal Hungarian Athletes #Association of Innovative Pharmaceutical Manufacturers #aston martin #Astronomy #Athlete of the Nation #Attila Grandpierre #Attila Mesterházy #Auchan Hungary #Audi #Audi Hungaria #August 20th #August 20th national holiday #Australia #Austria #Automobile industry #Automobile sales #automobile trade #automotive #Automotive industry #Automotive sector #AutoWallis #AutoWallis Group #Avatar #Aviation industry #Award #Azerbaijan
    #bag tag #bakery #Balassagyarmat #Balaton #Bálint gazda (Master Bálint) #Ballet company of Gyõr #Bálna event center #Baltic Sea Festival #Baltic states #Ban Ki-moon #Ban on hospital visits #Bank for International Settlements #bank loan #Bank of China #Bank transfer #Banking #Banking sector #Banking system #banknotes #Barack Obama #BASF #basketball #battery production #Battle of Mohács #Bayern Munich #BBC #Beekeeper #Beer #Béla Bartók #Belgium #Bell Food Group #Benelux #Béres Pharmaceuticals #Best of Budapest and Hungary #BHS Trans Limited #bicycle #Bicycle path #bilateral agreement #Bilateral relations #Bio ethanol #Biotechnology #Bisnode Hungary #Bisserka Benisheva #BKV #Black Ribbon Day #Blood donation #BMW #BMW cars #BMW Group #Bocuse d’Or #Bocuse d’Or Europe 2020 #Boglárka Kapás #Bond issue #bond market #book festival #book review #Borbála Czakó #Border closure #Border control #border crossing #BorderLINE Architecture #Bozsik Stadium #brandy #Brazil #Brazilian Development Bank (BNDES) #Breast cancer #Breeding #Brexit #British Ambassador #British Chamber of Commerce in Hungary #British Council #British Telecom #Broadband internet #Bronislaw Komorowski #BUD Cargo City #Buda #Buda Castle #Buda Hills #Budakalász #Budapest #Budapest Airport #Budapest Airport Co. Ltd. #Budapest Chamber of Commerce and Industry (BKIK) #Budapest City Branding Nonprofit Ltd. (BVA) #Budapest Dessert competition #Budapest Eurogames 2012 #Budapest Festival Orchestra #Budapest film #Budapest Fire Service #Budapest ghetto #Budapest Highland Golf Club #Budapest hospitals #Budapest Jewish Community (BZSH) #Budapest Marathon #Budapest Mayor Gergely Karácsony #Budapest Millennium Underground #Budapest Municipality #Budapest ONE office building #Budapest Opera Ball #Budapest sights #Budapest Sports Office #Budapest Stock Exchange #Budapest Strings Chamber Orchestra #Budapest University of Technology and Economics (BME) #Budapest Week Publishing #Budapest Wine Festival #Budapest Zoo #Budapest Zoo and Botanical Garden #Buddhism #budget #Budget policy #Building supplies #Bükk National Park #Bulgaria #Bundesliga (Austria) #burglary #Buses #business #Business club #business costs #Business Council for Sustainable Development in Hungary (BCSDH) #Business Council for Sustainable Development in Hungary’s (BCSDH) #Business environment #Business promotion #Business services #Business weekly HVG #Businesspeople #Busójárás #Butterfly Garden
    #cable car #campaign financing #Canada #Canadian Chamber of Commerce in Hungary #cancellation #Cancún Climate Summit #Canoe #capacity increase #Capital Circus of Budapest #Capital injection #car market #car racing #car rental #car sales #car sharing service #Car trade #carbon neutrality #Card payments #Carl Bildt #Carl Lutz #Carnival season #cars #Cartel #Cash #Cash payment #CEE region #CEE-17 region #Celldömölk #cemetery #Census #Center for Budapest Transport (BKK) #Center of Excellence #Central Bank #Central Europe #Central European Initiative #Central European Press and Media Foundation (Kesma) #Central European University #Central European University (CEU) #Central Statistical Office #Ceremony #CERN #Cervantes Institute #Cetelem Bank #Chamber #Chamber of commerce #Champagne #Chang Sun Dong #Charbel Stephan #Charity #Chemical Industry #Chemistry #Chervon Auto #chess #Chicago International Film Festival #Chief Medical Officer Cecíla Müller #Chief Medical Officer Cecília Müller #China #Christian Mühlethaler #Christmas #chronic patient #Chung-ha Suh #CIG Pannonia Life Insurance Plc. #cigarettes #cinema culture #Citibank #City diplomacy #Civil engineering #Civil Movement #Civilian engineering #CLA 250 e Coupé #CLA 250 e Shooting Brake #climate change #CMS Cameron McKenna #cobot #Code of Civil Procedure #Collector coins #Colleen Bell #Colliers International #Colorful City Group #columbia #Commemoration #Commemorative coin #Commerce #Commercial accommodation #Commercial Award of Excellence for Hungarian Products #Communications #Competition #Competitiveness #Concert #Concert film #Concerto Budapest #Conference #Conscious Consumption #Constitution #Constitutional Court #Construction #Construction industry #Consuls #Consultancy #consumer confidence index #Consumer prices #Contactless payments #contemporary art #contest #Convention tourism #Convertiplane #COP26 #Cordia #Corinthia Hotel Budapest #coronavirus #Coronavirus epidemic #Coronavirus test #Corporate issues #corporate merger #Corporate real estate #Corporate social responsibility (CSR) #Corruption #Council of the Central European Consular Corps #Count Andrássy Picnic #countryside #Courts #Covid-19 coronavirus #Covid-19 pandemic #Crime #crisis #Crisis management #Croatia #cronyism #Csodalámpa (Magic Lamp) Foundation #Csopak #Csurgó #cultural festival #cultural institute #Cultural Interview #Culture #Curfew #currency #Customer service #customs service #Czech Republic
    #D.C. #DAB+ #Dag Hartelius #Daikin #daily death toll #Daily record of infections #Dalai Lama #Dániel Gyurta #Dániel Palotai #Danube #Danube Bend #Danube cruise #Danube Ingrid #Darfur region #David Cornstein #Death #Debrecen #Debrecen Carnival of Flower #Debt #decision-making #Deckscreen #Defense #defense industry #Deloitte #Deloitte Digital Hungary #Deloitte Hungary #Deloitte Technology Fast 500 EMEA list #Delta Group #Democracy #Democrats Abroad-Hungary #Demonstration #Denmark #Denso Manufacturing Hungary #dental tourism #Deputy CEO of the Hungarian Tourism Agency (MTÜ) #Derks Wilhelmus Jose­phus #Dertour #Design #Design Without Borders #Deutsche Telekom #Deutsche Telekom IT and Telecommunications Hungary #Deutscher Wirtschaftsclub – DWC #Development program #Development project #Digital banking #digital channels #digital classroom #Digital education #Digital work schedule #Digitalization #Dimitris Yannakakis #dinosaurs #Diósgyőr Castle #Diplomacy #Diplomacy and Trade Business Club ('The Club') #Diplomatic credentials #Diplomatic Spouses of Budapest #Disability Caucus #Disadvantaged people #Disaster #Disaster Management #Disaster management legislation #disinfectant #Dividend payments #Domestic issues #Domestic tourism #Dominik Szoboszlai #donation #Dongwha Electrolyte #Dow Jones #Dr. Andrea Jádi Németh #Dr. György Kárpáti #Dr. István Béres #Dr. János Szlávik #Dr. László Szabó #Dreher Beer Museum #Dreher Breweries #Drugs #DT April 2009 #DT April 2010 #DT April 2011 #DT Business & Culture Club #DT December 2009 #DT February 2009 #DT February 2012 #DT January 2011 #DT January-February 2013 #DT July-August 2011 #DT June 2009 #DT June 2011 #DT March 2011 #DT May 2010 #DT May 2011 #DT November 2010 #DT October 2008 #DT October-November 2011 #DT September 2009 #Dual education #Duna Elektronika #Duna House #Dutch ambassador #Dyntell Hungary Ltd.
    #e-mobility #E.ON #E.ON Hungária #East Central Europe #Easter #EBITDA #Eco-Innovation Award #ECOFIN #Ecology #Economic forecast #economic reform #Economic relations #Economic sentiment index #Economist #Economy #Edit Herczog #Education #Eger #Egg #Egyházasrádóc #Egypt #Eisberg #EIT Health #EIT InnoEnergy #Elderly home #Elderly people #Elections #Elections in Hungary #Electric batteries #Electric charger #Electric vehicle battery #Electric vehicles #Electricity #Electricity grid #electricity industry #Electro-mobility #Electrolux #Electronic industry #Electronic payment #Electronic Payment Service Providers’ Association (EFISZ) #Electronic Payment Strategy (EPS) #Electronics industry #Eleni Tsakopoulos-Kounalakis #ELTE #Embassy of Spain in Budapest #EMEA region #Emergency #Emigration #Emmy Awards #Employees’ rights #Employment #Enda Kenny #Endre Szemerédi #Energy Efficient Mortgages Initiative (EEMI) #Energy Efficient Mortgages Pilot Scheme #Energy industry #energy policy #Energy production #energy saving #energy security #Energy supply #Enexio Hungary #Engineering #Enikõ Gyõri #Enikő Mihalik #Enrique Pastor de Gana #Environment #environment protection #Eörs Szathmáry #epidemic #Epidemiological preparedness #epidemiological restrictions #Equestrian event #Equifest #Ernõ Rubik #Erste Bank #Erste Bank Hungary #Ervin Zádor #Esther Horvath #Estonia #Eszter Cseke and Andras S. Takacs #Esztergom #Ethanol #EU #EU affairs #EU cooperation #EU funding #EU funds #EU General Court #EU loan #EU Presidency #EU support #EU supported projects #EuCham - European Camber #Eucham European Chamber #Euro (EUR) #Europe Day #European Automobile Manufacturers Association (ACEA) #European Bank for Reconstruction and Development (EBRD) #European Capital of Culture #European Central Bank (ECB) #European Championships #European Climate Bank #European Commission #European Court of Justice #European Court of Justice (ECJ) #European Day of Parks #European Football Championship #European Green Deal #European Institute of Innovation and Technology (EIT) #European Molecular Biology Organization (EMBO) #European Parliament #European Super Cup #European Union #European Year of Volunteering #Eurowings #evacuation #Event industry #Exchange rate #Exhibition #Exhibition site #Export promotion #Exports #Exposition #External Action Service of the European Union #External trade #Eydescreen
    #H-UNCOVER #Hableány (‘Mermaid’) river cruise ship #Hackathon #Haiti #Half-year report #Hamad International Airport #handball #Hankook #Használtautó.hu #Health #healthcare #Healthcare workers #Heat record #Heavy industry #Heim Pál National Pediatric Institute #Heineken #HEINEKEN Hungária #Hell Energy Hungary Plc. #Henkel #Herbert Fisch #Herman Van Rompuy #Hidden Power #highway #Hillary Clinton #History #Hódmezővásárhely #Holiday season #Hollywood #Holocaust #Home office #Home quarantine #Homokhátság #honey #Hong Kong #Honorary consul #Honorary consuls #hops #Horizon Development #Hörmann Hungária #Horse polo #horticulturist #Hortobágy #Hortobágy Bridge Fair #Hortobágy National Park #Horwath HTL Hungary #hospital #Hospitality #Hospitality business #Hospitals #Hotel boats #Hotel industry #hotelier #hotels #House concert #Household products #Housing #Housing market #Hoventa #Howmet-Köfém Plc. #HR Services #huawei #Human rights #Hungarian Academy of Sciences #Hungarian Academy of Sciences (MTA) #Hungarian Ambassador to the U.S. #Hungarian Banking Association #Hungarian Business Leaders Forum (HBLF) #Hungarian Chamber of Health Care Professionals (MESZK) #Hungarian Competition Authority #Hungarian cultural season #Hungarian Democratic Forum (MDF) #Hungarian diplomats #Hungarian Economic Association #Hungarian economy #Hungarian EU Presidency #Hungarian European Business Council (HEBC) #Hungarian F-1 Grand Prix #Hungarian Film Week #Hungarian Food Bank Association #Hungarian Foreign Ministry #Hungarian Foreign Ministry (Ministry of Foreign Affairs and Trade) #Hungarian forint (HUF) #Hungarian GDP #Hungarian gov't vs. EU #Hungarian government #Hungarian Holocaust #Hungarian Independent Trans­mission Operator Company Ltd. (MAVIR) #Hungarian industry #Hungarian Interchurch Aid #Hungarian inventors #Hungarian Investment and Trade Agency (HITA) #Hungarian Investment Promotion Agency (HIPA) #Hungarian Labor Code #Hungarian language #Hungarian League Against Cancer #Hungarian Maltese Charity Service #Hungarian Medical Chamber #Hungarian Meteorological Service (OMSZ) #Hungarian military #Hungarian Ministry of Finance #Hungarian Ministry of Foreign Affairs and Trade (KKM) #Hungarian Museum of Science #Hungarian Museum of Science Technology and Transport #Hungarian National Asset Management Inc. (MNV) #Hungarian National Beekeeping Association (OMME) #Hungarian National Blood Transfusion Service (OVSZ) #Hungarian National Gallery #Hungarian National Museum #Hungarian Olympic Committee (HOC) #Hungarian Open Air Museum #Hungarian Parliament #Hungarian Polo Club #Hungarian President János Áder #Hungarian Press Photo Exhibition #Hungarian Red Cross #Hungarian society #Hungarian Tourism Agency (MTÜ) #Hungarian-born #Hungarians abroad #Hungaricum #HungaroControl #Hungaroring #Hungary #Hungary politics #Hungary tourism #Hungexpo #hybrid car #Hygiene #hygienic paper #hygienic safety #Hyundai
    #Machinery industry #Madagascar #Mads Sandau-Jensen #Magyar Rádió (Hungarian Radio) #Magyar Suzuki #Magyar Telecom #Magyar Telekom #Magyarföld #Mahart Passnave #Malay Mishra #Malév Hungarian airlines #Mandatory quarantine #Manfred Bey #marathon run #Maria Assunta Accili Sabbatini #Marketing #Markku Virri #Martin Gauss #Márton Fucsovics #mask-wearing #MASTERPLAST #Mateco-Hungary Ltd. #Matei I. Hoffmann #Mátra Hill #Matriculation exam #Matterhorn #MÁV Hungarian Railways #Maximilian Hell #Media #Media law #Mediaworks #Medical industry #Mellow Mood Hotels #Mélykút #Memorial walk #Mercedes #Mercedes Benz #Mercedes-Benz Manufacturing Hungary Ltd. #merkel #Messer #Mexican Embassy in Budapest #Mexico #MFGK Croatia d.o.o. #Michael Ignatieff #Midsummer night #Migration #Mihály Kolodko #Mihály Munkácsy #Mihály Varga #Miklós Radnóti #Mikulás Dzurinda #Military #Millennium generation #Minister of Agriculture István Nagy #Minister of Defense #Minister of Foreign Affairs and Trade #Minister of Human Capacities #Ministry of Human Capacities (EMMI) #Ministry of Innovation and Technology #Ministry of National Development #Ministry of National Economy #Ministry of the Interior #Minorities #Miroslav Lajèák #Miskolc #Miskolc rally #missiles sales #Mitt Romney #Mobile base station #mobile broadband #Mohács #MOL #MOL Group #MOL Hygi #MOL Plc. #Monetary policy #Monostor Bridge #Monterrey #Moody's #Móric Benyovszky #Mortgage #Motion picture #motoGP #Motorcycle #Motorway #Mountaineering #Movement restrictions #Municipal elections #Municipality #mural #museum #Museum of Fine Arts #Museum of Fine Arts Budapest #Museums #Music #Music in the Forest - Mátra Art Days #MVM Group
    #Packaging #Packaging industry #PADI #Paks #Paks nuclear power station #Pál Bokor #Pál Schmitt #Pál Szinyei Merse #Palace of Arts #Pandemic fatalities #Pandemic restrictions #Panna Miklós #PannErgy #Pannon Növényolajgyártó #Pannonia Bio #paper products #Parade #parking #Pasi Tuominen #PCR test #Peacekeeping #Pécs 2010 #Pension fund #Pensions #People with disabilities #People’s Bank of China #Perbál #Persian Gulf #Personalized Health Care (PHC) #Peru #Pest #Pest Lloyd Company #PET Cup #Pet food #Péter Balázs #Peter Burkhard #Péter Csermely #Péter Futó #Péter Gulácsi #Péter Módos #Péter Szijjártó #Petrochemical industry #Pharmaceutical industry #Photograhy #photography #Pieces of a woman #Pierre Labouviere #Pig farm #Placido Doming Jr. #plastic waste #Pneupac breathing machine #Poland #Poland EU Presidency #Police #politics #pontoon #Popular science #popularity #Population #Portugal #postal service #poster exhibition #Poultry industry #poultry processing #poverty #Power of Live Events #power plant #Power station #PreBeton Co. Ltd. #Predrag Todorovic #presenting credentials #Presidance #President #Presidential visit #Prices #PriceWaterhouseCoopers #Prime interest rate #Printing #Printing industry #Priority workers #Private visit #Prize #Production break #Production line #production plant #professor Péter Csermely #Promenade Gardens office building #property market #prosecution #Protest #Public health service #Public money #Public service #Public transport #Pulszky Society - Hungarian Museum Association #PwC Hungary
    #São Tomé and Príncipe #Sales figures #Sali Berisha #Sameer Hamdan #Samsung #Samsung SDI #Samyang Biopharm #Sándor Csányi #Sándor Demján #Sándor Képíró #Sándor Kiss #Sándor Kopátsy #Sándor Kőrösi Csoma #Sándor Pintér #Sang Il Lee #Sanofi #Saudi Arabia #Scandal #Scholarship #School year #Schools #Science #scuba diving #second-hand car sales #security issues #SEMCORP Group #Semmelweis University #Semmelweis University of Budapest #Sensirion #Sérgio Eduardo Moreira Lima #Sergio Kuhlmann #Service center #Service sector #sewage water #Shanghai #Shanghai World Expo 2010 #Shapr 3D #Shell #shopping #Shopping time slot #short film #shortage #show jumping #Siemens #Sika #Singapore #Singapore Airlines #Siófok #Skanska #Skanska Hungary #Slovakia #Slovenia #Slovenian Tourism Organization (STO) #Sludge #Smartphone application #SME Robotization Barometer #SMEs #Smoke-free future #Snow #Soccer #Social(i)Makers #Society #Society for Freedoms #Solar energy #Solar panels #Solidarity Club #Son of Saul #South Africa #Soviet Union #Space research #Spain #Spanish language #SPAR #Spar Hungary #Special legal order #special taxes #Spin Master #Sponsorship #Sports #Sports club #Stadler #Stalinism #Start-ups #State Auditing Office #State of danger #State of emergency #State of the Nation #State subsidies #Statistical data #Statue #Stefan Pop #Stefánia Palace #stepdance #Stock exchange #Stockholm #Straumann #Street music contest #Sudan #Suh Chung-ha #SUHANJ! Foundation #Sumatran orangutan #Summer Olympic Games #SunDell Estate Plc. #SungEel Hitech Hungary Ltd. #Sunshine Garage #Supercharge Ltd. #Superfast Internet Program #Supermarket chain #Suppliers #Suriname #survey #Sustainability #Sweden #Sweet Days Budapest #Swimming #Swiss Embassy - Budapest #Swisscham Hungary #Switzerland #Symbol #Syria #Szabolcs Takács #Szamos Marzipan #Szeged #Szeged Open-Air Festival #Szeged wholesale market #Szentendre #Szerencsejáték Plc. #Sziget #Szigetszentmiklós #Szolnok #Szusza Ferenc Stadium
  • © Copyright 2020 Duax Kft. –  All rights reserved.
    searchenvelope-oalign-justifytwitterfacebookfeedinstagrammoon-osunearth