I can't recomend Sziget http://www.sziget.hu/festival_english strongly enough. Its held on an Island on the Danube in the middle of Budapest I was there last year and had a excellent time. Last years line-up included Radiohead, The Prodigy, Iggy & The Stooges, Placebo, Therapy, Scissor Sisters and Ex Led Zepplin frontman Robert Plant's Band(whos name i can't remember) there was also a whole host of acts from just about every corner of the globe.
It is a bit of an endurance test though as it last a week (August 8th-15th this year) but at only €120 for the week including camping its a steal. It is also possible to get single day tickets or a ticket for several days. Food is fairly cheap and pints are about €1.50.
Planning to go again this year ther was abou 20-30 mates out with me last year and there were plenty of tri-colours dotted about the campsites.
This year is its 15th year Anniversary so there should be a very good line up, if ya check the website they have been letting the public vote for the top 10 acts they would like to seee at sziget.
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