Organisers of Oktoberfest Dublin have announced that this year's event will not be taking place due to "unprecedented" increases in its insurance premium.

In a statement on their Facebook page, Oktoberfest Dublin said that "in Germany were are not used to the claim culture that has developed in Ireland".

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It said: "The belief that putting in an insurance claim doesn't hurt anyone except the insurance company is incorrect, consequently great fun events like ours find it hard to go ahead when suspect insurance claims from a small minority of people can ruin it for everybody."

However, the festival might return next year as the statement says to "look forward to Oktoberfest 2020".