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Spiced Greek Vasilopita (New Year’s Cake with Nuts & Chocolate)

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Vasilopita is the Greek New Year’s cake, traditionally served right after midnight on January 1st. A coin is hidden inside, and whoever finds it is said to have good luck for the year. While many versions exist—yeasted, syrup-soaked, orange-flavored—this one is a simple, moist vanilla cake enriched with warm spices and nuts.

Ingredients

Units Scale

Dry Ingredients

  • 325 g all-purpose flour
  • 1 1/2 tsp baking powder
  • 1/2 tsp salt

Wet ingredients

  • 170 g butter, room temperature
  • 310 g sugar
  • 1 tsp vanilla extract
  • 4 tbsp canola oil
  • 4 eggs
  • 300 ml milk

Optional add ins

  • 1/2 tbsp ground cinnamon
  • 1 tsp allspice
  • 1 tsp ground mahlepi
  • 50 g chopped hazelnuts
  • 50 g chopped almonds
  • 80 g chocolate chips or chopped chocolate

Instructions

  1. Prep the pan: Butter and line a 24 cm round cake pan with parchment paper.
  2. Preheat the oven: 180°C (350°F).
  3. Mix the dry ingredients: In a bowl, whisk together the flour, baking powder, and salt.
  4. Beat the butter & sugar: In a stand mixer, beat the butter, sugar, oil, and vanilla for about 5 minutes, until pale and fluffy. Scrape the bowl occasionally.
  5. Add the eggs: Add the eggs one at a time, mixing well after each addition.
  6. Add half the dry mix: Pour in half the flour mixture and mix on low.
  7. Add milk: Add all the milk and mix.
  8. Finish with remaining flour: Add the rest of the flour mix and beat only until the batter is smooth—don’t overmix.
  9. Flavor it: Stir in the cinnamon, allspice, mahlepi (or whatever spices you love).
  10. Add nuts & chocolate: Fold in the almonds, hazelnuts, and chocolate.
  11. Bake: Transfer the batter to the prepared pan and bake for about 50 minutes, or until a knife or skewer inserted in the center comes out clean.
  12. Cool & decorate: Let the Vasilopita cool completely before decorating and hiding the lucky coin (flouri) inside.