On New Year's Day families cut the "Vassilopita"-"Βασιλόπιτα" to bless the house and bring good luck for the new year. This is usually done at the midnight of New Year's Eve. A coin is hidden in the bread by slipping it into the cake after baking. A piece of cake is sliced for each member of the family and any visitors present at the time. Whichever find the coin has good luck throughout the year. The word "Vassilopita" is associated to St Basil ("Vassilis"), who is our Santa Claus. HAPPY NEW YEAR.
Using a busting brush, grease a 20 cm round springform cake tin and dust it with flour. Sift the flour and add salt and baking powder to it.
Beat the butter with the sugar with a (hand) mixer until well blended. Stop beating from time to time and scrape down the sides of the mixing bowl.
Add the eggs, one at a time, waiting for each one to be incorporatet before adding the next. Gradually add the milk, the orange juice (don't worry if the batter temporarily looses its homogeneity), the nuts, the zest, the cognac and mix until all ingredients are incorporated.
Slowly add the sifted flour mixture and mix until well blended, leaving you with a fluffy light yellow mix.
Place the batter in the cake tin. Bake in a preheated oven (Fan) for 1 hour as follows: 10 min at 160° C, 40 min at 150° C, 10 min at 160° C.
Remove from oven. Allow the cake to cool slightly and then take it out of the cake tin, until it cools completely. Dust with icing sugar.
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