Russians, there is no holiday more important than the New Year. It is the first on the calendar and in popularity. People see the New Year in at midnight on the 31st of December. They greet the New Year with champagne and listen to the Kremlin chimes beating 12 o'clock. Russian Holiday tradition includes a decorated New Year's tree - fir tree. Children always wait for Grandfather Frost , to come and bring them a present. Grandfather Frost's residence is situated in Velikii Ustug, the town on the north of Russia. Grandfather Frost is always accompanied by his granddaughter Snowmaiden who helps him distribute the gifts. For the Russians, the New Year is a family holiday; people think about friends and relatives. But young people prefer to have the New Year parties of their own.