COBOL is dead? Not at all. Are new projects created in COBOL? Yes they do. If not in older COBOL form, definitely in SAP ABAP.

For those who haven't heard about it, ABAP (Advanced Business Application Programming) is the name of SAP’s proprietary, fourth-generation programming language :) It's SAP's main language. It's a direct descendant of COBOL, I'd describe it as a COBOL with OOP extensions.

Since SAP's ecosystem is sneaking everywhere, COBOL in its modern, very close incarnation (ABAP), gains new space!

If in any doubts, check some ABAP code. It's not simply influenced by COBOL, it's COBOL.