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The municipality is known for its annual carnival, which takes place every year during the weekend of Carnival Monday. The town also has a large number of pubs and bars. Assenede was anciently called Asse, Ase or Assa (Latin: Astis). It was one of the most important towns in Flanders during Roman times as it had a bridge over the river Scheldt that connected to Toxandria (the present-day Dutch province North Brabant) and Cologne in Germany via Tongeren on its way to Boulogne-sur-Mer on France's northern coast. In those days Assenede consisted only two rows of houses between two main streets: "Steenstraat" ("Stone Street") and "Houtstraat" ("Wood Street"). The first mention dates from 870 when emperor Louis II gave some rights to abbot Ansfried van Fulda from nearby Nijvel Abbey; however, this document is not preserved anymore.