Croatia has become the latest country to be linked with hosting a Formula One race.

8844 - Croatia linked with Formula One race

Local daily Vecernji List said that the project planned for just outside Zagreb has the support of the FIA, Bernie Ecclestone and favoured track designer Hermann Tilke.

According to the report the project has an estimated budget of 250 million, which will wholly come from private investors, and would take more than 18 months to complete. The Croatian government's involvement would be to attempt to ease any bureaucratic obstacles.

Croatia is not yet a European Union member and is currently experiencing some unrest. Thousands of Croatians marched through Zagreb over the weekend demanding the fall of the government amid a financial crisis and allegations of corruption.