Beat together the first 4 ingredients. Sift flour, baking powder and soda 3 times. Add the sifted dry ingredients to the oil mixture and stir gently. Pinch of small portions of dough the size of an egg and form into little patties. Roll them to make oblong rolls. Place on ungreased baking sheet and bake in a moderate oven for 30 minutes. Boil honey, sugar and water for 5 minutes. Pour syrup over melomakarona. Allow 15 minutes to soak. Take them out of the syrup and place on a large plate. Sprinkle with shopped walnuts and cinnamon. Makes 40 servings.