With Lewis Hamilton winning the Formula One World Championship and becoming the youngest ever F1 World Champion, the spotlight on F1 has never been brighter. Every country wants a place on the F1 calendar, but with only 18 grand prix in the 2008 calendar and just 17 in the 2009 calendar (after the loss of the French Grand Prix) it’s difficult for a new country to stake a claim for a grand prix.

However, Bulgaria has made such a claim, which it hopes will be successful and increase business in the region. The Bulgarian Motorcycling Federation (BMF) is petitioning Formula One supremo Bernie Ecclestone to consider Bulgaria for a Grand Prix on a new circuit, still to be constructed.

Bogdan Nikolov, the president of the BMF, stated:

It’ll be very difficult but I think we’ll succeed.

The BMF is to submit a proposal for a F1 Grand Prix on December 15th, with a view to building a new F1 circuit near the town of Plevan.

Hosting an F1 Grand Prix is great for any country’s economy as it opens up many new business opportunities that would otherwise be closed, including tourism and leisure. The movie would also be beneficial for the Bulgarian property market, as an influx in F1 fans would mean many new visitors looking for places to live and stay.

Things to consider:
accident claim