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1
In a medium bowl stir fresh yeast with sugar.
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2
Stir in the lukewarm milk and then add the egg yolk and melted butter.
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3
In a large bowl whisk together the flour and salt.
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4
Pour the milk mixture over the dry ingredients and start kneading it until it pulls away from the edges of the bowl.
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5
Give the dough the shape of a ball.
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6
Sprinkle oil onto a clean bowl, place the dough and cover with plastic wrap. Let it rest for about 1 hour at room temperature (warm space) until doubled in size.
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7
While the dough rises, whisk together the butter with sugar and cinnamon for the filling. Set aside.
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8
Preheat the oven to 400 F (200 C).
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9
Line a baking sheet with parchment paper.
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10
On a floured surface, using a rolling pin roll the dough to a rectangle of about 18x12 inches.
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11
Spoon the cinnamon filling over top (keep about 1 tbsp of the filling for the end), spreading evenly, leaving a clean 1/2-inch border around the edges.
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12
Sprinkle the almonds over the cinnamon filling.
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13
Roll up the dough and using a sharp knife, cut the log in half length-wise leaving one edge uncut for about 1/2 inch.
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14
Start braiding the two pieces, trying to keep the open layers exposed so the cut ends remain on top (this is what makes this bread effect).
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15
Pinch the ends together and form a wreath.
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16
Transfer it to the prepared baking sheet.
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17
Brush the wreath with the left cinnamon filling.
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18
Bake for 20-25 minutes until golden brown. For the last 10 minutes you can reduce the oven temperature to 180 C (350 F).
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19
Serve it warm as it is or with your favorite topping.