Sixteen national teams entered the event under the auspices of FIBA Europe, the sport's regional governing body.

The cities of Borås, Luleå, Norrköping, Södertälje and Stockholm hosted the tournament.

Lithuania won its third FIBA European title by defeating Spain with a 93–84 score in the final.

Lithuania's Šarūnas Jasikevičius was voted the tournament's MVP.

Bosnia and Herzegovina France Italy Slovenia Germany Israel Latvia Lithuania Russia Serbia and Montenegro Spain Sweden Croatia Greece Turkey Ukraine At the start of tournament, all 16 participating countries had 12 players on their roster.