Balogh Tészta Co. Ltd, one of the biggest pasta makers in Hungary, inaugurated its new plant in Tiszakécske in the presence of PM Viktor Orbán. The new plant, built with EU support, has the initial output capacity of 2,250 kilograms per hour.

Fornetti has opened its FFB (Fornetti Food and Beverage) exhibition bakery at rhe Octogon in Budapest. The new store has a self-service system and will be an important part of international expansion in the future, the daily Világgazdaság writes.

LOT Polish Airlines has announced to create a direct air link between Budapest and the United States as of next May. Flights four times a week to New York City JFK and twice a week to Chicago O'Hare airports will commence in May 2018.

Trading of Waberer's shares were launched at the Budapest Stock Exchange with a ceremonial ring of the bell this Thursday morning. The ceremony was attended by the representatives of Waberer's, of the Stock Exchange and other officials.

TAP Portuguese airlines has relaunched its air connection (seven times over six days a week) between the Poruguese and Hungarian capitals. It takes 3.5 hours for the airline's Airbus A319 aircraft to fly the 2,478 kilometers between the two cities.

German aviation industry supplier Diehl Aircabin is expanding its existing capacities in Nyírbátor, NE Hungary with an investment of EUR 120 million (appr. HUF 37 billion). the Hungarian government is providing HUF 1.38 billion in funding.

Siemens expanding its gas and steam turbine blade plant at its Power and Gas plant facility in Budapest with an investment of EUR 32.5 million (some HUF 10 billion). The expansion is planned to create 150 new jobs for technicians.

Hungary’s online retail trade closed an excellent year in 2016. According to a report by eNET, Hungarian webshops generated HUF 427 billion (about EUR 1.39 billion) in turnover, more than 5% of the total national retail trade volume.

General Electric is on its way to transform from a traditional industrial company (manufacturing machines and equipment) to a digital industrial company. Its Veresegyház factory enhances its production efficiency using its own digital technologies.

General Electric (GE) has confirmed that it has started talks on the sale of its lighting branch. According to the company, the sale will affect most of the lighting division's plants in Hungary and about half of the local workers.

Hungary’s leading plastic film manufacturing base, Material-Plastik, a family-owned company, begins a project worth EUR 10 million, a new 6,000-square-meter factory hall is established and the existing fleet of machinery is also developed.

The number of tourists coming to Hungary has been growing in the past decades, due to affordable accommodation possibilities, low-cost flights, and the many tourist attractions. Budapest remains the leading destination.

The 2016 BalatonBor (BalatonWine) show in Budapest went far beyond the wines and the usual tasting, it emphasized the importance of regional marketing. The food fitting the vintages were made by the staff of Costes Downtown restaurant.

India’s largest IT company, Tata Consultancy Services (TCS) is expanding its capacities in Budapest's 11th districvt by opening a new service center with 500 new employees and five thousand square meters of new office space.

Apollo Tyres Chairman Onkar S Kanwar and Hungarian Prime Minister Viktor Orbán inaugurated Apollo Tyres' 6th global tire manufacturing unit in Gyöngyöshalász, east of Budapest, which is the first greenfield investment of the company outside of India.