The Hungarian capital Budapest gained the hosting rights for the EuroBasket 1955. The results of the preliminary round were hardly surprising for the Hungarians, as they won all three of their games to proceed to the final round. Their first match in that round was against Czechoslovakia, and the Hungarians quickly found themselves in the bottom half of the final round group with a 75–65 loss. Their next four games, however, were much different and Hungary defeated Poland, Italy, Bulgaria and Yugoslavia to rise to a 4–1 record. This put them in a tie for the lead of the group with the Soviet Union, which had lost to Czechoslovakia.