An agreement has been reached that confirms Jerez will host the Spanish MotoGP round in 2012, Dorna has announced.

The popular venue has hosted the Spanish Grand Prix since 1987 and is traditionally the first European round on the calendar, but had been thrown into doubt due to financial issues.

"We are delighted to confirm that the 2012 Grand Prix of Spain will be held at the Circuito de Jerez, a very special locale for the MotoGP World Championship," said Dorna Sports CEO Carmelo Ezpeleta.

"I'd like to thank the Junta de Andaluc?a and Jerez de la Frontera City Council for their support in working toward securing this iconic event," added Ezpeleta. "We'll now look ahead to the future of the event and focus on working together to reach an agreement up until 2016."

Although Jerez is now officially safe for 2012, the Estoril (Portugal) and Sachsenring (Germany) rounds are still 'Subject To Contract'.

Jerez is one of four MotoGPs held in Spain, alongside Catalunya, Aragon and Valencia. The 2012 event will again be round two of the season, on April 27-29.