After two years, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) has again held inspections in Hungary. A representative of the FSIS audited the monitoring system of Hungary’s animal-based food producers.

Nowhere in Europe is it this conspicuous that only those with good relations with the government can sell tobacco products. Hungary could be subjected to a commitment procedure in the near future, portfolio.hu quotes a Hungarian blog.

Hungary’s no-work Sunday law cost more than 2,000 people their jobs in commerce by the end of April 2015, the country's Central Statistical Office (KSH) data suggest. Additionally, the number of overtime hours rose to five-year highs.

As of November 1 this year, only two companies will be allowed to sell tobacco products directly to Hungary’s national tobacco shops. Portfolio.hu says the new legislation practically squeezes out all other players and wholesalers from this market.

The last private gas provider for residential consumers on the Hungarian market, Tigáz has given up its household gas provision business. Recently three other large providers did the same after accumulating heavy losses due to government decrees.

In an historic return, Spain's national carrier, Iberia, and its low-cost subsidiary, Iberia Express, have launched a six-days-a-week seasonal service between the capitals of Spain and Hungary, also facilitating access from Budapest to other cities in Span and Latin America.

South Korean tire maker Hankook has completed the third phase of a 313 million euro (HUF 4 billion) investment project in Hungary, in which it has expanded the production capacity of its local plant and added 950 jobs, portfolio.hu reports.

Podravka Group realized HRK 92 million net profit in 2014, mostly owing to strong growth of the profitable margins in the segments of food and beverages. The company is expanding in Hungary and taking further steps to strengthen its position in the Central European region.

The Croatian bakery chain Mlinar is a relative newcomer in Hungary. Seven outlets have been opened in Budapest. The company planes to enlarge its market position, mainly in the capital via franchise agreements requirement, since it can offer to every franchisor a proven business model, know how, logistic and marketing support.

Just like last year, Budapest is ranked 17th in the world according to the International Congress and Convention Association (ICCA), which lists the number of international events complying with the organisation’s criteria. Hungary is 31st among the countries.

It was 65 years ago on this day that the new airport of the Hungarian capital commenced operation. On May 7, 1950, a Li-2 passenger aircraft flew to Ferihegy from nearby Budaörs Airport. This marked the beginning of civil aviation at Budapest Airport.

Hungarian fuels group MOL has entered Norway by acquiring 100% ownership in Ithaca Petroleum Norge (IPN) from Ithaca Petroleum Ltd. for USD 60 million to extend its presence in the North Sea region and enhance its international exploration portfolio.

Apollo Tyres Ltd. will receive a job-creation training subsidy of HUF 606 million (cca. EUR 2 million). The Indian company is to spend the amount on providing Hungarians with vocational training in tire manufacturing between May 2015 and December 2019.

The volume of Hungary’s construction output grew by 3.2% month on month in February 2015, but the fall in orders data suggest that regardless of the strong start this year the floor will soon fall from under the sector, the business website portfolio.hu reports.

Budapest Airport was declared the winner of the ‘Best Airport in Eastern Europe’ award by British aviation analysts Skytrax. The award was received by Péter Huszka, chief operating officer for Budapest Airport, at the Passenger Terminal EXPO 2015 in Paris.