Hungarian Conservative

The contract extension for the Hungarian Grand Prix Formula 1 race will cover the comprehensive renovation of the Hungaroring, currently underway and scheduled to be completed by 2026.

The government resolution to continue the development at Hungary’s most famous racing track, Hungaroring has been adopted. The next phase of the upgrade will bring the quality of the Mogyoród track to the expected level of Formula 1.

More than 100,000 spectators witnessed the 70-lap race of the 38th Hungarian Grand Prix at the Hungaroring. This marks a revenue record for the facility in its new era, Hungaroring CEO Zsolt Gyulay stated, adding that during the four-day race weekend, including the Thursday fan walk with the participation of 5,000 spectators, a total of 303,000 people visited the racetrack in Mogyoród, making it a record-breaking event in every aspect.

Zsolt Gyulay, President and CEO of Hungaroring Sport Zrt., described the preparation process for the race as ‘extraordinary’ because the company not only had to focus on organising the race itself but also on concluding the negotiations for the contract extension, which has been ongoing for several months and could reach a conclusion at the current 38th Hungarian Grand Prix.

The government supports the planned development works of Hungaroring in Mogyoród, and according to preliminary plans, the 2026 Hungarian Grand Prix will be held in the completely renovated facility.