Edinburgh hosts the major Scottish New Year's Eve street festival called Hogmanay.
Edinburgh’s Hogmanay is a multi-day celebration centered on the Scottish capital. Its program has included a large street party, concerts, torchlight processions and a midnight fireworks display viewed from central locations such as Princes Street. The exact program can change from year to year, but the festival is strongly associated with Edinburgh.
“Hogmanay” is the Scottish name for New Year’s Eve and is also used for wider Scottish New Year traditions. Customs connected with the holiday include first-footing, in which the first person to enter a home after midnight is traditionally expected to bring symbolic gifts such as coal, shortbread or whisky.
Edinburgh’s event is not the only Hogmanay celebration in Scotland. Glasgow, Aberdeen and other communities hold their own festivities. Edinburgh is the answer because its organized street festival is the internationally recognized event described in the question.