I was walking down the road at around 23:54. as i made a turn, the object was right in front of me, visible above the treetops. red big star-like object, the size of jupiter or smaller. when i first saw it, i thought - could it be mars? then i realized mars is way smaller and it blinks, and is not as red as this object. red big star-like object, the size of jupiter or smaller. absolutely stationary. it then (after maybe 20 seconds) slowly blinked - the light started to fade slowly, then to grow back in intensity. after a few seconds the cycle repeated, only now at peak luminosity the object looked smaller. i think the cycle repeated once more, and the object shifted slowly downwards, 3-5 degrees maybe. then the light started to fade until i could no longer could see the object. i waited for about 10 minutes, but the object did not appear. during the sighting i remained calm. called my friend to come back (we just parted) and see the phenomena. he came, but the ufo was gone by that time. numerous objects of this kind (both reddish and orange/yellow) have been sighted above the city over the years, by me and other people. some of them have been reported to mufon. the thing i saw could not have been a plane or a helicopter. it's not the first time i see something like these. many people have seen similar things, too.