Jul.23 (GMM) The Nurburgring is apparently happy with the current arrangement whereby it annually shares the privilege with Hockenheim of hosting a single grand prix in Germany.

We reported recently that the arrangement is guaranteed to continue only until 2011.

Hockenheim marketing chief Jorn Teske, whose circuit reportedly recorded a 3 million euro loss for last Sunday's event, said the venue is happy with the alternating plan.

The Nurburgring, set to return to the calendar next year, is also not looking to move away from the scheme.

"It is quite obvious that we cannot afford to run the race every year," the circuit's chief executive Walter Kafitz said.