The Group B tournament began on 3 March 2008 in İzmit, Turkey at the K.B.B. Ice Arena. Iceland and Turkey returned to compete in the Division III tournament after missing promotion to Division II at the previous years World Championships. Serbia entered the Division II competition after being relegated from the 2007 Division II Group B tournament. Bulgaria returned to Division III after playing in the qualification tournament last year and Armenia returned to international competition, having last played in the 2005 IIHF World U18 Championship Division III Qualification tournament.