The Hungarian Grand Prix in Formula One has been held at the Hungaroring just outside Budapest, which circuit has FIA Grade 1 license. Since 1986, the race has been a round of the FIA Formula One World Championship. At the 2013 Hungarian Grand Prix, it was confirmed that Hungary will continue to host a Formula 1 race until 2021. The track was completely resurfaced for the first time in early 2016, and it was announced the Grand Prix's deal was extended for a further five years, until 2026.