Bucharest will stage the new Romanian Snooker Masters, a 16-player invitation event, in March 2018.
The new tournament will run from March 14 to 18 with a total prize fund of €200,000.
Sanctioned by World Snooker, the tournament will be organised by McCann Bucharest and McCann/Thiess Events.
Bucharest staged the European Masters last season, with Judd Trump beating Ronnie O’Sullivan 9-8 in a dramatic final.
World Snooker Chairman Barry Hearn said: “We are delighted to add this event to our 2017/18 World Snooker Tour calendar.”
“We know how popular snooker is in Romania so it’s fantastic to be heading back there for a tour event.
“The players who make it to Bucharest will enjoy a fabulous atmosphere in an amazing city.
“We now have 29 tournaments on our global calendar this season. Our sport is growing around the world in terms of popularity and prize money so each event added to the Tour is great news for the players and fans.”
Cosmin Hodor, Event Director, said: “Romania has a strong culture for sport and we are delighted we will feature Romanian Snooker Masters in 2018, the year of the country’s Great Union centennial.”
“We made great efforts to make this event happen and to strengthen our relationship with World Snooker and the players.
“We are honoured to see the best snooker players in the world come to Bucharest for a spectacular event.”
Adrian Thiess, Event Promoter, added: “We are excited to have this event in Romania and to continue our efforts in featuring a snooker sports tradition in Romania.”
“It means a lot the relationship we have with Ronnie O’Sullivan and the fact that he is keen to play in Romania.
“During the spring of 2016 we made a partnership with World Snooker for three snooker events in Romania and we are committed to honour this partnership.”
More details on the tournament will be announced in due course.