After a change of government in Yugoslavia in 2000 and the lifting of all sanctions imposed on the country, the Arena, under new management, was completed in 2004 in time for the FIBA Diamond Ball tournament and Belgrade finally got the right to host The 2005 European Basketball Championship. Temporary licenses for public use expired in early 2006, following a series of sport events and concerts in 2005. Works on an automated fire prevention system and installation of elevators to meet European standards were completed by November 2006, while no events were held in the Arena in the meantime. The Belgrade Arena received its permanent public use license on 4 November 2006 and re-opened its doors as a result.