According to wikipedia, finikia are slightly different, stating the cookie isn't dipped in a honey-syrup is instead rolled in a mixture of walnuts and spices, which may be true in some areas! This was not the case in my experience.
The cookie is made with olive oil, orange juice, crushed walnuts (or your favorite nuts), honey, and just a touch of warm spices like cinnamon and clove. Then, the cake is dipped in a completely wonderful sticky honey syrup. My Greek honey cookies are so perfect for sharing with family and friends for the holidays.
While finikia are baking, combine all syrup ingredients in a medium saucepan over medium low heat for approx. 10 minutes stirring occasionally to incorporate. Taste as it’s cooking to see if you prefer a bit more honey/agave or a bit more orange juice.
Melomakarona (also known as Finikia in some Greek regions) are a traditional and delicious holiday staple. These soft cookies are flavored with orange and warm spices, then soaked in a honey syrup before topping with crushed walnuts. Add the sugar, honey, water, lemon rind, lemon juice, cloves, and cinnamon stick to a medium saucepan.