Basketball officials in Yugoslavia and Serbia are celebrating the International Basketball Federation's decision to name Yugoslavia as the host of the European men's championship finals in 2005.
Serbia's Prime Minister Zoran Djidnjic has been named the president of the championship organizing committee. He said the decision in Munich on Saturday has boosted his nation's global standing.
Yugoslavia's bid was selected ahead of those from Germany and Poland. Turkey will host the women's event, after being chosen ahead of Portugal, Russia and the Slovak Republic.
World basketball secretary general Borislav Stankovic of Yugoslavia called the tournament a great opportunity to show what basketball and sports mean to his nation, which is the defending world and European champion.
Yugoslavia will defend its world title in Indianapolis later this year and is given the best chance of beating an American dream team, which has yet to lose in any international tournament.