This excuse "we need to raise prices because we have more demand" is BS. They should be truthful and say "we can increase prices and people will pay it because they want to be EU based"

To be honest for anything more serious than a personal Minecraft server hetzner has been beaten by ovh for ages (on bandwidth - you get all you can eat data limited by speed from ovh - for example 500mbit, instead of 20tb from hetzner).

For this reason hetzner is always a "backup DC" in my eyes and never the primary.

Also I heard they are extremely sensitive regarding abuse allegations so don't even think of hosting something someone may not like seeing...

They get a lot of hype, but there are many competitors worth looking at.