The new contract was signed on Sunday morning in the Hungaroring paddock © Sutton Images Enlarge

Bernie Ecclestone has signed an extended contract to ensure the Hungarian Grand Prix remains on the calendar until 2021.

The race has been a permanent fixture in Formula One since 1986, with the round at the Hungaroring being the first behind the Iron Curtain and the circuit having hosted every edition for the last 28 years. The previous contract - which was signed in 2009 - ran until 2016 but now that has been extended by a further five years.

The new deal confirms the future of another European race after it was announced last week that the Austrian Grand Prix would return to the calendar in 2014.