During communist times in Bulgaria they didn't have a Santa Clause.They do now and he is called "Grandfather Christmas". New years use tobe the bigger event where they would exchange gifts. They waited for"Grandfather Cold" to bring them presents on New Years. When midnight strikes they pull out the banitsa. It is a salty breadproduct with fetta cheese and egg for the filling. There are fortunes hidden throughout the banitsa. When you get your peice you search for your fortune.
I went up to the mountains and stayed in a cabin with about 17 other Bulgarians. It was a non-stop party the whole weekend. At anytime you could go down to the main room and there would be someone down there playing music, dancing, and drinking. I went to bed at about 5am NewYears day and by 8pm one of the Bulgarians came in to wake me up and tell me to get back down stairs because they were drinking Rakia. I just tried to get some sleep. It was an interesting New Years.