It was hosted in Sofia and Varna, Bulgaria from 22 to 30 September 2001.

In the first stage, the twelve participants were divided in two groups of six teams each.

The second stage of the tournament consisted of two sets of semifinals to determine the tournament final ranking.

The group stage firsts and seconds played the semifinals for 1st to 4th place, group stage thirds and fourths played the 5th to 8th place semifinals and the remaining four teams which finished group stages as fifth and sixth ended all tied in final ranking at 9th place.

Players awarded for their performances in the tournament.