It is currently used for football matches and is the home ground of Neftochimic 1962 Burgas.

The stadium holds 18,037 people and carries a 3-star rating by UEFA.

Officially opened after renovation at 13 April 1997 with the match Neftochimik - Levski Sofia 4:1.

It was used also in some European matches of Litex Lovech (for the UEFA Champions League match against FC Spartak Moscow), PFC Lokomotiv Plovdiv (for UEFA Champions League match against Club Brugge and for UEFA Cup matches against OFK Beograd and Bolton Wanderers F.C.)

and PFC Cherno More Varna (for UEFA Intertoto match against UC Sampdoria and for the UEFA Europa League matches against Iskra-Stal and PSV Eindhoven).