The circuit, next to Balaton Lake, has applied for an FIA Grade 2 licence, allowing it to host junior single seater categories and sportscar racing, but has been built in accordance with Grade 1 specification.
The 2.55-mile anti-clockwise track with six right and ten left hand corners, with permanent seating for 10,000 fans but the capacity to increase that to 120,000 with temporary grandstands.
The first event to be held at the circuit will be Porsche on Track, a two-week driving programme as part of the German marque’s 75th anniversary celebrations, followed by a one-day Festival of Dreams on 10 June.
The facility, which hopes to host international racing from the 2024 season, has received over €200 million in investment and will be accompanied by a four-star hotel and museum.
Three-time Formula 1 race winner Giancarlo Fisichella was on hand for the launch and said of the circuit: “Driving Balaton Park Circuit for the first time, I was impressed by its character.
“The track really has it all – a thrilling blend of high-speed corners, challenging hairpins and cool chicanes. It’s a track that flows nicely, giving you a great racing feeling.
“The first corner and the end of the back straight are prime spots for overtakes. All in all, Balaton Park is a treat to drive.”
The circuit's president is Chanoch Nissany, father of Formula 2 stalwart Roy, who made an F1 free practice appearance for Minardi at the 2005 Hungarian Grand Prix.
Source: Autosport