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"Oporto's most popular event is undoubtedly St. John on the night of 23 to 24 of June. In this season it's a tradition to have a vase with bush basil decorated with a small poem. During the dinner of the great day people usually eat sardines and boiled potatoes together with red wine. In the evening everybody gathers in downtown and hit each other with plastic hammers and leeks. There are also fires lit on the streets that are jumped over. At midnight there's a big fireworks show next to the river.

One other major event is Queima das Fitas, on the second week of May. Basically, before the beginning of the study period preceding the school year’s last exams, academia tries to have as much fun as possible. The week comprehends 12 events, starting with the Monumental Serenata on Sunday, reaching its peak with the Cortejo Académico on Tuesday, when 500 000 students[citation needed] from the universities and higher schools of the city march through the downtown streets till they reach the city hall. During every night of the week a series of concerts takes place on the Queimódromo, next to the city’s park; here it’s also a tradition for the students in the second last year to erect small tents where alcoholic beverages are sold in order to finance the trip that takes place during the last year of their course; an average of 50 000 students attend these shows."
by http://en.wikipedia.org/wiki/Porto