The 1995 IIHF European Women Championships were held between March 20–31, 1995.

Continuing with the format from 1993, the Elite division Pool A, consisted of six teams, while the five teams that competed in 1993 were joined by Russia and Slovakia making their debut appearances, while the Netherlands returned for the first time since 1991.

The Pool A tournament was held in Riga, Latvia, while the expanded Pool B took place in Odense and Esbjerg in Denmark Six teams completed in Pool A, with Latvia joining the group after winning the 1993 Pool B tournament.

The teams were: In a change to the 1993 format, the group system was abolished (as were the final games) and it was replaced with a single round robin between the teams, with the highest ranked team winning the Championship.

At the end of the group stage, the teams would play the team that finished in the same position in the opposite group in a playoff match, i.e.