The Old New Year or the Orthodox New Year is an informal traditional holiday, celebrated as the start of the New Year by the Julian calendar. In the 20th and 21st centuries, the Old New Year falls on January 14 in the Gregorian calendar.
On this day are two additional commemorations. The Church commemorates the Circumcision of our Lord and Savior Jesus Christ eight days after His birth (Luke 2:21) in accordance with the command given by God to Abraham when He promised to make an everlasting covenant with him and all his descendants (Genesis 17:10-12).
Also, the feast and commemoration of Saint Basil is celebrated this day with the Divine Liturgy attributed to him, the Divine Liturgy of Saint Basil the Great. This is one of ten times during the year when the Liturgy of Saint Basil is celebrated.