For the olive bread, put the water, sugar and yeast in a mixing bowl and mix everything with a whisk until there are no lumps. Except for the olives, add the remaining ingredients and knead into a smooth dough. Let rise for 30 minutes.
Transfer dough to a floured countertop, flatten slightly, sprinkle the olives over the dough and knead into the dough. Form two loaves from the dough.
Place on a baking sheet lined with parchment paper, brush with olive oil and cover with plastic wrap. Let rise again for about 20 minutes. Remove the foil and bake in the preheated oven at 210 degrees top and bottom heat for 8 minutes, then switch back to 180 degrees and bake the olive bread again for about 30 minutes.