Spanish bars are preparing for the World Cup’na with extra beer and staff

SpainMore than half of ’ football fans plan to watch the 2026 World Cup games in the bar. This is the figure from a study of LaLiga’'s football watching habits, and it shows that the Spaniards are the most likely Europeans to follow the tournaments away from their homes.

But on the field, the truth is more subtle. Santi Vidal, owner of the bar El Cuadro in Madrid's ’in Carabanchel district, does not expect a stampede at the opening matches: “People prefer to watch them at home. As La Roja progresses through the tournament, we expect only a large crowd.”RTVE’ye told me. They didn't make any special preparations for their first game against Cape Verde.

The pandemic is a turning point, Vidal points out: Before the coronavirus, football night was crazy. After COVID-19’, many people prefer to relax and reunite with friends at home.”

According to Numerator’'s Worldpanel consultancy, it's a change in habits that the data itself confirms. Two out of three fans will follow the World Cup ’ from the living roomFood and Drinks to Take Home %He'll spend six more. The Glovo report goes even further: the Spanish People %It reveals that 80’in prefers to stay at home, and pizza and burgers are ordered most often during matches.

the Industrial Association, Hostelería de España, He predicts that bars may increase their purchases.On match days when there are appropriate start times %With the 25 tween the 30s. SpainIf ’ reaches the finals, the total benefit to the sector could exceed 130 million Euro’. Average spend per customer during the tournament %It is expected to increase around 11, while spending is estimated to be between 13 and 18 euros per person per match.

The association also notes a side effect: Reservations in restaurants drop when matches are broadcast for free. In these cases, orders placed through food distribution platforms are increasing. The Glovo report supports this: Participants in the survey %the 82 ’siPrioritize orders for pizzas and burgers before the starter ​​ hit.

Bars adapt and change their menus

Many organizations are changing their offerings in order to attract customers. Julocho García, who bought the beach bar El Amarillo’ in Cabañas, La Coruña’ last year, is temporarily changing its menu, which consists of the usual fresh produce for sandwiches, nachos, burgers and empanadas: “ We know that people want to have a snack and eat fast food while watching games.”Jacob Medina has served as a reserve staff at ’'s Villarrubia de los Ojos’taki (Ciudad Real) El Portón bar for weeks: “If Spain enters the qualifying stage, Bar is normal %Fifty more full, even. more intense.”TVE’ye told me.

Brands and distributors have also taken action. Medina says her usual supplier gives her more than just drinks: “We have decorations, cherry birds, face paints. . . They gave us scratch cards with prize draws and merchandise.” Bar also decided to make an official Spanish scarf draw among its customers.

Medina, Spain, adds an element that rarely stands out in the analysis of the World Cup in ’'s hospitality sector: Moroccan national team. “Villarrubia’ has a large immigrant population from that country.They live the World Cup’ very intensely and they know that Fas’ has a real chance, so I expect the bar to be full if the Mohamed Ouahbi’nin team goes forward.”

The time difference with the United States, Canada, and Mexico is another factor that bar and restaurant owners take into account. Matches between Cape Verde and Saudi Arabia will start at 19:00’ (Houston, Texas, local time); June 27 Spain-Uruguay match starts at 18.00’de (Guadalajara, Mexico, local time). For Vidal, the early evening hours work according to bars in cities such as Madrid:On the contrary, “ García sees this as an advantage for the beach bar on the Galician coast: “People go to sea in the afternoon and then come to watch the game. It's the perfect time for dinner when the match is over.” So much so that he plans to open the games early in the morning.if there is demand.

The supply chain is also feeling the effects.Guillermo López Menchero, sales representative of Villarta de San Juan’ (Ciudad Real) distributor Menchero Gil SA’, says the bars have been pushing their orders for weeks: “They tend to order early, especially to avoid beer, soft drinks and water shortages.”Moreover, the change in the beer brand they worked with this year also increased the interest of the businesses in the province.

Spain is stuck in the rent crisis: Up to half of the wages go to the residence

SpainThe evidence of ’'s housing crisis is clear for all to see. In the rental market, 2022Cumulative increase since ’ %Around 30 of themAccording to CIS’, construction of housing– PwC data showed that – was at its lowest level since 2010, with an average of 83,000 homes per year, compared to an average of 315,000 homes between 1970 and 2010. And in addition, mass housing stockThe Bank of Spain is clearly insufficient, according to ’: The EU average %A total of 9.3 %With a 1.5 %It is between 3.3 and ’u.

Warning sounds even from inside the real estate sector, which is subject to heavy criticism from platforms such as the Tenants Association because it does not take harsh measures against vulture funds or the evacuation of vulnerable people. Fotocasa, the real estate portal that acts as a sales and rental agent, shows that the average salary of Spaniards who rent their homes in 2025 %He estimates that he spent 50’sini on rent.

Calculated using the average salaries advertised in job offers published on the InfoJobs platform, these figures are much higher than those found in –-like studies of a very unrealistic snapshot. Funcas think tank (source in Spanish)He believes that young people, one of the most affected groups, are spending About their budgets %The 35th ’i:still two percentage points above the maximum amount that economists recommend for such costs, i.e. no more than one-third of the income.

Fotocasa, SpainTaking into account the inequalities between the regions of ’, the average salary share for rent in 2019’da ’den 2025’te %He calculates that he has risen to 50’: Estimated for residents of Extremadura’This rate is for residents of Madrid’ ’e coming out. This is similar to the rest of the autonomous community ranking; The usual suspects are those living in the Basque Country, the Canary and Balearic Islands, Catalonia and Valencia, who pay the most.

In return for this, Provinces where residents allocate the smallest share of their gross salariesAmong those hired is Jaén (), Teruel (), from Cáceres (), Ciudad Real (), Albacete (), Ourense (), from Badajoz (), from Córdoba (), from Palencia () and Castellón () is located.

Struggle to prevent AB’ from exceeding China’'s customs duties

While the EU is trying to protect its market from the rise in low-cost Chinese imports, alarm is mounting in the face of a new phenomenon in the European Union: Chinese companies are introducing ways to overcome the bloc's tariff barriers.

France, Italy, Spain, the Netherlands and Lithuania are increasingly fuzzy and complex actions to avoid EU customs duties, the European Commission jointly warned “ on ”.

In an informal proposal last month, which did not name any Chinese company, the quartet called for ’ improvements to AB“'s anti-skipping tool, which would allow ’AB” to guarantee the legal effect and effectiveness of existing trade defense measures.

Euronews found that online Chinese companies offer ways to explicitly avoid EU trade defense measures, including anti-dumping duties imposed on imports sold at AB’ at prices below their normal values in Brussels’in China’.

Skipping practices include setting up production facilities or making small changes to products in countries where EU extra tariffs are not targeted. Not all of this is illegal unless businesses at AB’ provide solid evidence that they are harming their industry, but many are thought to be at least controversial, prompting the European Anti-Fraud Office (OLAF) to launch an investigation into the true origin of certain products.

As the EU faces a wave of China's ’ overcapacity, exceeding tariffs has become an even more pressing concern. European ​​manufacturers have filed a growing number of complaints against Commission’a, alleging unfair trade practices in various sectors and the strain on the resources of EU officials.

Transfer through third countries

One of the ways Chinese companies are already pursuing is to establish production facilities in so-called “gate countries, such as Morocco, Tunisia, Turkey or various southeast Asian countries, which benefit from favorable trade agreements or are not subject to EU anti-dumping taxes.

Other methods include minor product changes designed to change the customs classification and minor changes designed to transfer goods through ’gate “ countries to create the impression that the goods were actually manufactured there, even though they were entirely made in China”.

Euronews’in research has revealed that some Chinese companies do not hide their activities and openly offer online services to overcome trade barriers.

Xin Rui Da Logistics, a logistics supplier from Shenzhen’, specializes in “anti-dumping research and providing transit trade solutions for third countries. the Website.

The company says it has solved the problems of many Chinese businesses and foreign importers with restricted products in “, such as anti-dumping, compensatory, quota restrictions and trade barriers such as CIQ (Customs, Inspection and Quarantine), ” says, and “ explains that it has re-exported from Malaysia, Sri Lanka, Taiwan, India, Thailand, Singapore, Indonesia, Bangladesh, Hong Kong”.

Xin Rui Da Logistics is currently working on a variety of products, from e-bikes to steel, aluminum and plywood product categories; All of these have been hit by AB’'s anti-dumping taxes in recent years.

The company did not respond to the interview request.

Sale of converted chemicals

The chemical sector, where competition between the EU and China is particularly intense, is particularly exposed to the risk of exceeding customs tariffs. European ​​manufacturers are already under pressure due to the surplus of China’in production capacity, which is flooding the EU market with imports and increasing competitive pressure.

On the complaint of EU producers, the European Commission imposed an anti-dumping tax on a specific chemical imported from China’: titanium dioxide (TiO2), a strategic chemical used in green technologies and aerospace. The missions were temporarily brought to ’ on July 2024 and finalized on January 9, 2025.

But some Chinese producers are looking for ways to adapt to the new tariffs to export the chemical to AB’.

ChinaZontai Titanium Dioxide ’in manager Nina Zhu, a company based in Guangdong province, south of ’, He wrote itA few months before AB’ introduced its customs duties on LinkedIn’de: “AB’'s anti-dumping taxes will be introduced at the end of the year. It is advisable to prepare inventory in advance to provide you with a variety of titanium dioxide solutions.”

Euronews’in contacted Zhu, who confirmed that the company can supply products with TiO2 content below 80 percent’ to avoid EU tariffs.

Linkedin (linked

Later, 2025’te NanJing Titanium Industry International described in theThe recently commercialized new type of mixed TiO2’ “, with excellent performance, qualifies as the highest quality”, adding: “Furthermore, its unique features allow you to bypass certain regional anti-dumping taxes, saving you significant costs. It's a game-changer for your business!”

The company did not respond to Euronews’'s requests for comment.

Linkedin (linked

In some cases, as soon as the EU launches an anti-dumping investigation that could result in additional taxes, Chinese companies begin offering such services.

This is what led to the introduction of new tariffs in January 2025, following the Commission's decision to launch an anti-dumping investigation against Chinese TiO2 producers in ’ on 13 November 2023.

In a LinkedIn post on January 23, 2024, an executive of Titan Industry’, a Shandong-based company, offered EU customers certificates of origin for shipments via “ Vietnam or Thailand to deal with anti-dumping taxes imposed by ”AB. Such certificates may have obscured the true origin of the product produced in China’.

Since then, the company has removed the post from social media, saying it has stopped offering such transfer solutions because Euronews’e is not allowed to.

Instead, “ said it would build a new TiO2 factory in ’, Vietnam.

‘Shoot the mole’

Like many other Southeast Asian countries, Vietnam is often seen as ’, a country where Chinese companies invest in exporting to AB“. However, in some cases, companies cannot maintain a real production presence in the country.

The situation is hitting a ’ mole, according to Deborah Elms’e, a trading expert from the Hinrich Foundation ’ in Singapore“ problem.

Euronews’e said: “If you go after a particular company for illegal transfer, you'll discover that this is the mailbox address of a company that changed its name and moved to another location very quickly.”

“If the tariffs are high enough, there is always an incentive for companies to try to circumvent this illegally.”

Linlin Liang, spokesman for the Chinese Chamber of Commerce ’'s European Union (CCCEU), told Euronews’e that CCCEU’ is not aware of Chinese companies offering online solutions to overcome EU tariffs.

Liang, “Generally, the risks of circumvention are not specific to any country” said, adding that AB’ has a rooted anti-survival system“, and the important thing is that these ”tools are implemented in a transparent, evidence-based and proportionate manner“.

“Unfortunately, EU trade defence measures have so far largely targeted imports from China’, ” said.

Beijing has repeatedly threatened to retaliate if AB’ tightens its trade defence measures. But with AB’'s trade deficit with China reaching a record high of 359.9 billion euros in 2025’te, the European Commission announced last week that the current state of the “ trade and investment relationship is not sustainable.

AB’'s executive branch is expected to propose strengthening AB’'s trade defence system to EU leaders, who will meet for a summit in mid-June. The draft results shared by diplomats do not include the name Çin’in, but China’in is expected to be at the center of the discussions when the leaders meet.

OLAF is investigating

In its 2025 annual report, it said the issue of exceeding tariffs had become important enough for OLAF’ to take over investigations into such cases.

In particular, the report pointed to a case involving e-bikes, which would likely be imported from Indonesia’ to AB’, if the bloc's anti-fraud authority had not intervened.

It turns out that most of the components are actually of Chinese origin and are processed only in Indonesia’; This means that the goods must be labeled as of Chinese origin. OLAF assessed that if the products are exported to AB’, this plan could lead to €7.2 million avoiding EU import taxes. In the end, they weren't.

Thomas Grjebine, an economist at the French Centre for Research and Expertise in World Economy ’, Euronews’e “ChinaThe greater ’'s competition, the more difficult it will be, ” said.

In an important report for the French government's advisory body recently, it warned of the impact of Chinese competition on EU industry.

Grjebine, “We will not launch investigations into thousands of products, this is a complicated situation, ” said. Moreover, the investigations are carried out at the European level and customs checks are mostly carried out at the national level.“

Beyond commercial defense measures targeting specific products, industries such as the EU's automotive, metals and chemicals are facing an increase in cheap Chinese imports, while questions about the protection of all industrial sectors are also being raised.

But Morocco, Tunisia and Turkey, China, which has invested billions of dollars in building factories in ’, already knows how to overcome industry-wide tariffs, leaving AB’ with even more challenges.

Transparency of shares: Which EU countries are ready for the new rules?

How do you know if you're getting a fair wage? For most of Europe's ’, workers still have limited knowledge of how much work is paid and how their salaries compare to other workers doing similar work.

AB’'s Wage Transparency Directive aims to change this by requiring employers to be more transparent about salaries and by helping to strengthen the principle of equal pay for equal work.

The aim of the directive is to help reduce the gender pay gap in AB’, which is 11 percent; This means that according to Eurostat’, women's gross hourly earnings are on average 11 percent lower than men's.

For many women, failure to follow the directive can directly affect their income each year.

European Trade Union Confederation (ETUC) The predictions areFailure to implement wage transparency will cost women at AB’ at least 4.8 billion euros per year, potentially rising to 7.2 billion euros; That's between 465 and 700 euros per woman per year.

EU countries must enforce the rules by 7 June 2026, but most will miss the deadline after a three-year implementation period.

So which EU countries have implemented the Wage Transparency Directive ’ni? What's the latest for those left behind? So which countries have the highest rates of salary transparency in job postings across Europe?

Six EU countries have not yet taken any action

According to the implementation follower of international law firm Addleshaw Goddard’, as of May 2026, six of the 27 EU countries have not yet taken any action towards the implementation of the directive. These are Austria, Bulgaria, Croatia, Hungary, Luxembourg and Portugal’.

In September 2025, ’ was present in 10 countries.

While Sweden issued a proposal, the government suspended it indefinitely in March 2026 ’, citing the directive's heavy administrative burden on employers.

Germany’ is expected to update its legislation in 2026. The draft legislation is expected in Czechia, Finland, Greece, Slovenia and Spain’.

Ten countries publish draft legislation

Ten EU countries have published draft legislation, although it is at different stages of the process. These are Cyprus, Denmark, Estonia, France, Ireland, Italy, Latvia, Lithuania, Netherlands and Romania’.

The three countries (Belgium, Malta and Poland) partially implemented the directive.

Slovakia Parliament in ’ ratified the Equal Pay Act on April 15, 2026, which will come into force on June 7, 2026 in ’.

Real uncertainty in France’

France’'s Addleshaw Goddard’'s Employment Partner, Jérémie Paubel, told Euronews Business’: “FranceIn ’, it is very likely that the period until 7 June’ will not be followed. This creates real uncertainty, and even after the law is passed, the key elements will have to be defined by separate enforcement decrees without a clear timeline.”

He pointed out that the expectation is decisive, that companies should already take steps such as mapping business categories, auditing wage systems and structures, and identifying existing gaps, but most importantly, closely monitor the legislative process.

What will happen in ’, Germany?

Marijke Van der Most, Addleshaw Goddard’'s Employment Partner in ’, Germany, told Euronews Business’: “Acquired application dates do not create a clear legal pause. They create an interim period in which companies do not yet have clear internal rules, but courts, employees and business councils are already looking in the direction set by the Directive.”

He stressed that the difficult point for employers is not only that German law is overdue. At a time when the future standard is visible but the local rulebook is not yet complete, they may need to make salary decisions, answer employee questions, and prepare for litigation.

Salary transparency in job postings

According to global recruitment platform Indeed’, salary transparency in job postings is steadily increasing in many European countries.

England as of March 2026 %It had the highest rate at 56, while in May 2025’te had the highest rate at 56. %It was 65’.

the Netherlands (Dutch) and France () %It's over 40’. the Irish (Ireland) and Italy (), followed by Italy in May 2025. ’ten recovered significantly.

However, Spain and Germany are not only responsible for the and %It's on the lower end of the 12’, with salary information.

Indeed, the data also shows that most EU countries are ready to miss the deadline for wage transparency. Data from Indeed Hiring Lab’ outlines real outcomes for workers and economies, including continued gender pay gaps.

Employees are blind

Indeed, due to delays, European ​​ stresses that the majority of workers still apply for jobs without knowing what they are paying.

Indeed Hiring Lab EU Labour Market Economist Lisa Feist said: “The most important factor in people's search for a new job is pay. But that's what most job postings across Europe skip. Workers are applying blindly, and our research has revealed that the results of this are deeper and more diverse than we thought.

“There is an opportunity for employers who choose to be transparent despite these negative consequences. Those who take action now can strengthen trust in candidates, improve application quality, and prepare their recruitment strategies for the future.”

Why are some airlines lowering flight prices in the middle of the war in the Middle East’?

The war in ’ caused energy and fuel prices to skyrocket, but another interesting trend that could actually benefit travelers has also developed.

According to an analysis by flight comparison site FlightsFinder.com, some affordable airlines, such as Ryanair, WizzAir and EasyJet, charge their fares. %From 10 to %It appears to have dropped by 30 percent.

Founder Shahab Siddiqui Europe in Motion’a “Our fee history shows a steady decline in prices over the past few months, ” said. For example, “UKRoutes from ’ to European destinations such as Nice, Palma and Barcelona %From 10 to %It's down by 30. ”

According to experts, lowering prices is part of some airlines' strategy to make travel as attractive as possible to potential customers. weaker demand and broader economic lossesThis is what the industry is currently facing.

Such discount prices can be reached through fuel risk hedging, which allows airlines to fix or cap fuel prices for a certain period of time. But Siddiqui warned that these competitive prices would not be sustainable in the long run.

“These agreements will expire in the second half of this year, which is expected to trigger a universal price increase on all intra-European routes.”

How much does Iran increase the prices of warplanes in ’?

Although some holidaymakers travelling within Europe can still find cheap tickets, those traveling further afield probably won't have the same chance, given that non-European destinations are more affected by disruptions due to the conflict in the Middle East’ and increases in fuel prices.

As FlightFinder’'s research shows, prices have been approximating in recent weeks. %With an increase of 300%, important corridors between Asia and Europe were particularly affected.

The London-Singapore route saw one of the sharpest increases; The average ticket fares increased from about 600 Euro’ to almost 1,800 Euro’. London’ to Bangkok’ %A similar increase of 273’ was recorded.

Currently, however, some of the most expensive tickets are for the Frankfurt-Singapore and Paris-Bangkok routes, with round-trip tickets currently selling for around 2,800 Euro’.

According to FlightFinder’, some airlines have increased fares, while others have canceled flights altogether; KLM withdrew 50 flights due to operational costs.

Other airlines are trying to offset high costs with price increases: According to FlightFinder’, Air France and Lufthansa have introduced an additional fee of 10 Euro’ on all medium and long-haul routes.

Snapshot of airspace between Europe, Africa and Asia seen on Monday, May 25, 2026

Which airlines are rerouting flights and where?

While flying through Abu Dhabi, Dubai and Doha’'s usual super-connector hubs has become riskier, some carriers are heading to Istanbul and Cairo’ye, or even Ethiopia’ye, for destinations such as the Seychelles in the Indian Ocean’.

In the report of FlightsFinder’, “Passengers are actively rebooking Turkish Airlines ’ as a result of joint alliances to stay in Istanbul’ and dodge the Gulf countries.

Other airlines, such as British Airways and Cathay Pacific, have increased the number of direct routes to Asia’, completely bypassing stopovers in the Gulf’, and adding direct flights to Bangkok and Singapore’a once a week.

What should travelers do to minimize time and money losses?

FlightFinder warns that long-haul flyers should expect their journey to take an estimated one to four hours longer than usual, given that routes that are usually direct now also include pauses due to refueling or rerouting needs.

In light of this, travel experts recommend leaving a waiting period of at least three hours, as “rota congestion can disrupt the synchronization of schedules.

Experts also recommend booking flexible tickets to minimize disruption, as well as requesting a refund if the route is severely disrupted.

Do you automatically receive a refund on non-European flights?

No, no, no, no. Unlike AB’den or countries like the US and UK, worldwide refunds are not always guaranteed.

Passengers should check the country-specific laws and the airline's policies in case of any disruption before traveling.

Another suggestion is to fly as lightly as possible.

Baggage handling systems are under increasing pressure as flights are unexpectedly redirected and routed through alternative hubs.

FlightsFinder recommends that if you have “, insert a smart GPS tracker like Apple AirTag into it so you can locate it if it's lost due to a chaotic connection, ” advises.

As rising costs push Greeks away from Turkey’, Turkish tourists flock to Greece’

Economic relations between Greeks and Turks have changed significantly in recent years.

The two neighbors have long witnessed political leaders tossing and turning between the conflict and what diplomats call “sakin waters” (a phrase used to describe the current spell).

Overall trade and tourism volumes have doubled in five years, but gains have fallen unevenly on both sides compared to what was previously observed.

Maria Dimou, who lives in ’, Istanbul, “Up until about 10 years ago, people came to ’ from Greece, especially Istanbul, Edirne and Keşan. But now we see a lot more visitors coming to ’ from Turkey’ to Greece, because everything they want to buy is cheaper there, ” said.

Dimou continued: “TurkeyThe basic needs one needs to live and make a living in ’ are cheap.”

But when they want to buy something more expensive “prices go up, so they go to ’ in Greece and visit Thrace’, especially Alexandroupolis’, but some also go as far as Kavala’ for vacation or shopping, and especially here [in Turkey’] they go for food, drink and cold meat, which is very expensive” added.

GreeceThe number of Turks visiting ’ has tripled in four years

While the number of Greeks visiting ’ each year has remained stable at just over 500,000’, the number of Turks arriving in ’ in Greece has tripled over the past four years on a similar basis; According to estimates obtained by the relevant authorities from various sources, it exceeded 1.5 million last year, but the official ELSTAT figures are slightly lower.

Doruk Euronews’e, a computer engineer who lives permanently in Ankara’ but whom we met at a popular shopping mall in Istanbul’, said: “I went on holiday to ’a in Greece last month. I drove all the way to Kavala and Thessaloniki ’ and honestly I really liked Greece ’. The food was delicious, the portions were generous, and everything was cheap.”

TurkeyPeople in ’ Greecereact to the more affordable prices in ’ and say they want to return as soon as possible.

Symeon Soltaridis, who lives in Istanbul’ and is the President of the Balino Greek Community, said that “Many Turks either make day trips to the Edirne region and go to Orestiada’ from there, or gradually switch to Greece’ as a tourist, because the cost of tourism in Greece’ is much lower than in Turkey’, and as a result, thousands of people go to the Greek islands, especially in the summer months, passing through Ayvalık and other regions” said.

Greek Consulate in ’ is issuing 1,300 visas per day

Greece has become a very attractive destination for Turkish citizens. According to diplomatic sources, only the Greek consulate in Istanbul’ issues about 1,300 visas per day; Most of them are very introverted. These visas are primarily provided by Turks who plan repeated visits for the holiday, but shopping trips are also available.

This figure does not include approximately 25,000 Turks who have obtained or are in the process of obtaining a residence permit through golden visa programs or by working in ’, Greece.

In addition, within the scope of a quick on-site visa arrangement, a large number of people living in large parts of Izmir and Anadolu’, who made short visits to 12 islands in the Northeast Aegean ’ and Twelve Islands ’ for up to seven days, were not taken into account.

Eastern Aegean’de ‘Visa Express’

The plan, known as the “ Visa Express, and announced as part of the broader ” interpersonal diplomacy, was approved by the European Commission and launched after the Kyriakos Mitsotakis government met with Turkish President Recep Tayyip Erdogan at the Greece-Turkey High-Level Cooperation Council session.

The program includes 12 candidates: Kalymnos, Kastellorizo, Kos, Lesbos, Leros, Limni, Rhodes, Samos, Symi, Chios, Patmos and Samothrace. Visas are issued at port entry points, are valid for seven days and link the holder to the island where the visa is issued; Passage from the island to the island is not allowed. As a result, there was a strong tourism increase in the islands.

Kos topped the list of destinations last year largely because of its proximity to Bodrum’, followed by Rhodes and Chios, which attracted predominantly high-income visitors.

Lesbos and Samos were in the top five. August was the busiest month in 2025’ with about 281,000 arrivals; This was followed by July with 233,000 arrivals and September with about 188,000 arrivals.

‘Greeks can no longer cope with prices in Istanbul’

However, there are complaints that Greeks who come to ’ in Turkey are no longer shopping as before.

Kantar Pehlivanoğlu, owner of a street stall that sells jewelry and fashion accessories in Istanbul’, told euronews’e: “I had more Greek customers in the past, but now it is even harder for them to come to ’, let alone shop, Turkey, and this is because of their financial situation compared to the past.”

Soltaridis of Istanbul also underlined that prices have become too high for Greek visitors.

“, once upon a time, they would come and take all sorts of things. Now they come, they look, they experience the city, they see us, the Greek Cypriots, but they can't buy anymore because things have become expensive, ” said.

According to official figures, every Greek who visited Turkey’ last year spent an average of 340 euros per trip; This figure has increased by about 50 euros a year over the past three years.

However, this increase in practice leads to fewer purchases than before. TurkeyThe sharp increase in ’'s cost of living means that Greek visitors receive less in return for their money.

Turkish visitors to ’, meanwhile, spent an average of just over 300 Euro’ per trip, or precisely over 303 Euro’, according to the latest data from the Bank of Greek’.

Dimou, “GreeceIt is much cheaper to go to ’, eat there in a tavern, drink ouzo or other drinks, spend the night here and return, than to go to a similar tavern in Istanbul’, ” explained.

“GreeceThe quality of food in ’ has increased significantly, and while prices are considered affordable for Turks, here in Turkey’ has increased rapidly.”

Great change in the Greek-Turkish trade balance

At the same time, according to the Greek Statistical Institute’ (ELSTAT), there has been a significant shift in the trade balance between the two countries over the past few years.

For example, imports from Turkey ’ to Greece ’ reached 1.34 billion Euro’ in 2020’, exceeded 2 billion Euro’ the following year and 3 billion Euro’ in 2024’te, and are currently estimated at 3.34 billion Euros for last year.

In contrast, it is estimated that for 2025, exports from ’ to Turkey ’ will be only 1.37 billion euros; This figure has fallen in the last three years, reaching 3 billion Euro’ in 2022’, the last year in which Greece’ exports more to Turkey than it imports to ’.

IRS deal blocks tax audits targeting Trump and family members

On Tuesday, the U.S. Department of Justice quietly released an additional file on the deal between U.S. President Donald Trump and the IRS.

The one-page document came a day after authorities announced a separate nine-page deal linked to Trump’'s $10 billion (€8.6 billion) lawsuit against the federal agency in January over the leak of its tax returns.

According to the application, the IRS has forever banned and banned the U.S. president from prosecuting or pursuing “ and related trusts and businesses to review all ” claims [“] appeals […].

The waiver applies to all tax returns submitted prior to the agreement's official entry into force on Monday.

Additional filing of the Trump-IRS deal

The appendix, dated Tuesday, was signed by Acting U.S. Attorney Todd Blanche. The document does not include the signatures of IRS officials or lawyers who currently represent Trump’.

Blanche was not among those who signed the original settlement agreement announced the day before. This document was signed by Assistant U.S. Attorney Stanley Woodward, IRS Commissioner Frank Bisignano, and Trump’'s lawyer Daniel Epstein.

The U.S. Department of Justice did not explain why the waiver was not included in the agreement announced on Monday and why it was not signed by the same people; Just as is customary in “ treaties, both parties have fulfilled disclaimers on various claims that may be put forward or brought forward […]” said.

The statement also said that if any of the “Parties simply went back and tried to initiate more negative claims that could have been pursued earlier, there would be little point in resolving many important claims.”

“This is only about current controls, not the future.”

The newly announced application significantly expanded the scope of the original agreement and sparked renewed debate over the independence of the IRS’ and the scope of its executive mandate.

‘Anti-Arms Fund’ escalates political backlash

Before this contentious addition, the case had already sparked significant controversy because Trump was actually suing a federal agency that ultimately fell under the scope of the executive branch he controlled as president.

Although the IRS operates with a degree of corporate independence subordinate to the U.S. Treasury Department's ’, critics argued that the case created an unprecedented dynamic when an incumbent president filed a lawsuit against an institution overseen by his administration.

Concerns intensified after the administration negotiated a deal that not only solved the case, but created a $1.776 billion (€1.52 billion) “ Anti-Weapons Fund, which now imposes sweeping restrictions on future IRS actions linked to Trump and his family, but is also funded by taxpayers' money.

According to the U.S. Department of Justice, ’, the fund is designed to provide compensation to people who believe they have been subjected to politically motivated investigations or prosecutions.

Democrats and government ethics groups criticized the structure and control of the fund while maintaining the ambiguity of governing provisions, while Blanche defended the legality of the deal in a congressional interrogation on Tuesday.

The deal intensified scrutiny of how the Trump administration handled legal disputes, particularly with federal agencies linked to the president's finances and tax affairs, at a time when allegations of insider trading were also growing.

How can the EU defend itself as the trade war with China approaches?

While Chinese-made products fill the EU market and threaten thousands of jobs, the European Commission is stepping up its work to protect the bloc's production from the risk of China ’ overproduction.

The move comes after data from Chinese customs showed Beijing ’ raised $113 billion more in the first four months of 2026’ than $91 billion in the same period as EU-27 and 2025’. While the surplus increased by $22 billion in 12 months, AB’'s trade deficit with China had already reached 359.9 billion euros in 2025’te.

In recent weeks, Beijing has repeatedly threatened retaliation for various EU laws restricting Chinese companies' access to a single market, while pressure on Brussels is mounting.

On Friday, China also banned these companies from communicating with the Commission on EU foreign subsidy investigations.

To address the China issue and try to ensure equal conditions, EU Commission members are set to discuss the issue on May 29, ’. What options does Europe’ have on the table?

1. Reducing dependence on Chinese components

Financial TimesOn Monday, the European Commission reported that ’nda is in preparation for a plan that would force EU companies to purchase critical components from at least three different suppliers.

The idea is that for products that can be purchased from a single supplier, the approximate %From 30 to %It will be necessary to set thresholds of 40’, the rest of which must be obtained from at least three different suppliers, not all from the same country.

The proposal comes after China’ restricted exports of rare earth elements and chips critical to AB’'s key industries, such as green technology, cars and defense, last year.

2. Targeting strategic sectors with tariffs

In its economic security strategy, which it presented last December, the European Commission also said it would introduce new tools by September 2026 ’ to strengthen the protection of the EU industry from unfair trade policies and overcapacity.

Maroš Šefčovič euronews’e said: “If we see that we are not being treated fairly, we will fight hard for every job in ’, for every European ​​ company, for every open sector.”

China's decision to impose new quotas and double tariffs on global steel imports, dominated by ’'s overcapacity, was already adopted by EU countries and the European Parliament in April.

Now the chemical industry is under the spotlight. China’in chemical imports in five years is up. But the EU chemical sector also relies on exports abroad, including China, the industry's fourth export market, which complicates any measures aimed at China’i.

European chemical industry lobby group Cefic’in trade expert Philipp Sauer euronews’e said: “As an export-oriented industry, the European chemical industry %It carries out more than 30’ abroad. This creates a risk of retaliation from third countries.”

3. Applying anti-dumping or anti-subsidy taxes to imports

The Commission will also be able to impose taxes on Chinese companies if import prices fall below the price at which they sell their products on the domestic market. It can also investigate companies that receive unfair subsidies.

However, investigations can last up to 18 months, and the cases are accumulating in the ’, the Commission's General Directorate of Commerce, and there are only 140 officials in these authorities.

Sauer said one-third to half of the ongoing investigations were related to the chemical industry.

4. Using the Anti-Pressure Vehicle

The Anti-Printing Tool is a last resort tool called a commercial bazooka, which can be used in the event of economic pressure from a third country and allows AB’ to hit China’ with powerful measures such as restricting access to licenses or public tenders in AB’.

However, its use will require the support of a qualified majority of member states, which is not guaranteed.

Germany opposes EU’'s tariffs on 2024’te China’in electric vehicles. Spanish Prime Minister Pedro Sánchez, who has visited China ’ four times in three years, also supports closer ties with Beijing ’ and seeks to secure large Chinese investments.

5. Unification of Member States

At the same time, Brussels faces the risk that its separation strategy will face serious resistance from national governments. EU member states are divided over how to approach China’, which could lead Beijing’'s capitals to play against each other.

Such differences are already emerging in the information and communication technology (ICT) sector, where AB’ proposes a new mechanism that requires the gradual decommissioning of so-called high-risk suppliers such as Huawei and ZTE in strategic sectors, starting with telecommunications.

The proposal, which is included in the renewal of the EU Cyber Security Act, sparks controversy among many European governments, especially Spain and Germany, who have long worked with Chinese equipment and are now deeply embedded in their digital infrastructure.

This de-risk strategy also raised financial concerns; because Chinese suppliers are much cheaper than European ​​ alternatives such as Ericsson and Nokia; This is partly due to the fact that Beijing has publicly provided financial support.

European ​​telecom operators have sought financial compensation from AB’ for the replacement of their equipment in China“, taking the USA”'s ’sök and replace’ program as an example, but neither the EU nor national governments seem willing to put the money on the table.

In other words, the political and economic cost of AB’'s complete separation from China’ could be high.

It is not yet known whether European countries are willing to put up with this.

Europe’'s 2026’'s best-performing shares — %Including an increase of 947’

European stock markets have made a turbulent start to 2026.

Reference indicator of the region Euro STOXX 600 index 2026’da so far %Increasing by 3.5 US S&A P 500’ %8He lagged behind in his earnings of ’.

However, individual companies have seen much larger fluctuations, and some names have increased by one hundred percent to date.

Many stocks due to the artificial intelligence boom, geopolitical tensions in the Middle East’, renewed demand for energy infrastructure, and investors' growing appetite for defense and strategic technologies %It increased by over 100’.

This is a sector-by-industry review of top-performing companies with a market capitalization of over 1 billion Euro’ in the European market: What they do, how they make money, and why investors fill their shares.

The technology is: Artificial intelligence infrastructure increases chip shares

Swedish chipmaker Sivers Semiconductors shares %With an increase of 947 percent, Europe became ’'s largest stock market winner.

The company is developing photonic and semiconductor components used in artificial intelligence data centers and 5G networks. As the demand for optical technologies that could meet the broad computing requirements of artificial intelligence systems grew, investors turned to stocks.

Revenue is still small (2025’te yearly %SEK 304.1 million (approximately EUR 27 million) with an increase of 25, but the company believes that potential future business opportunities %He said 64 increased to $453 million (€385 million) and much of that growth was due to artificial intelligence photonics.

The rise was accelerated when Sivers’ announced in April that it would be placed on a second list at Nasdaq’ in New York’.

Soitec, the French semiconductor materials company, has also seen weak gains in recent years. %It has risen by 639.

2026Annual revenue of €160 million in the third quarter of ’ due to weak mobile and automotive demand is down.

What changed the narrative was that investors were focused on the company's position in the AI supply chain. Soitec is designing silicon (SOI) sheets on thin insulators, which are increasingly used by chip manufacturers for co-packaged optics in smartphone radio frequency components, automotive radar and AI data centers.

Investors are increasingly betting on the future of the company, as Soitec’in has an almost monopoly on SOI substrates for photonics, which may become necessary for the next generation of AI infrastructure, especially in optical interconnects used by hyperscale data centers.

The industrial sector: Hydrogen and fuel cells are back in fashion

In the industrial sector, investors have rediscovered hydrogen and fuel cell companies.

Ceres Power, which develops solid oxide fuel cell technology and is listed in ’, UK, has increased by 237 percent this year.

Ceres is a UK ’-registered solid oxide fuel cell developer that licenses its technology instead of building its own systems.

The company benefited from growing interest in alternative power systems for artificial intelligence data centers, especially after US’ group Bloom Energy’ signed a major fuel cell agreement with Oracle.

Another British hydrogen company is ITM Power. 3 increased.

The Sheffield-based group produces electrolyzers used to produce green hydrogen. Investors welcomed stronger revenues, increased profitability and a partnership with German defence giant Rheinmetall in synthetic fuel projects linked to NATO supply chains.

Another development that has attracted investors is the company's planned Chronos production line, which aims for a gigawatt capacity by 2028. The funding is based on a UK government grant of £46.5 million (€53.7 million) pending approval from the Competition and Markets Authority ’ in June.

The health services: clinical milestones and weight loss drugs

French biotech company Nanobiotix is up. since the beginning of the yearFollowing progress made in a recent stage cancer experiment backed by Johnson & Johnson, investors' confidence in future milestone payments has increased.

On May 4, ’, the FDA approved a protocol change for the important NANORAY-312 Phase 3 trial in head and neck cancer.

The change eliminates a planned interim analysis and reduces the number of events required for the final reading, potentially allowing future payments to be put forward. Nanobiotix has been awarded “hundreds of millions of ” milestone payments under its 2023 license agreement with Janssen.

The stock has already been in stock since the FDA announcement is up.

Healthcare companies linked to the emerging market for GLP-1 obesity and diabetes drugs have also made strong gains.

This year, Swiss manufacturer PolyPeptide competed with pharmaceutical companies to secure production capacity for peptide-based drugs. is up.

The company produces ingredients used in weight loss and diabetes medicines produced by some of the world's largest pharmaceutical companies.

Revenue 2025’te .6 million euros increased to ’, while profitability increased. The company says it is on track to double its revenue from the 2023 level to 2028.

Demand has increased with the rapid growth of GLP-1 obesity drugs, and the market is expected to grow by 2034 ’e %It is expected to grow with a Compound Growth Rate of 12.7’.

Services of communication: satellites and artificial intelligence search beneficiary

French satellite operator Eutelsat emerged as one of the biggest geopolitical winners of the year.

Shares rose 64 percent as European ​​ governments increasingly sought alternatives to Elon Musk’'s Starlink network due to concerns over technological sovereignty and communications security.

The company's low-Earth orbiting OneWeb satellite network has attracted growing strategic interest from European ​​ policymakers, while demand for satellite connectivity has also increased during ongoing geopolitical tensions.

At the same time, Copenhagen-based review platform Trustpilot Group (TRST) has become one of the most unexpected beneficiaries of the prolific AI boom. Shares listed in London’ to date %It was valued at 57 percent.

Annual operating profit of 2025 in clicks from artificial intelligence search engines %Thanks to the increase of 1,490’, it quadrupled to 16 million dollars (14.7 million euros).

Trustpilot was the fifth most cited domain name worldwide on ChatGPT’ in January, according to Promptwatch data.

AI chatbots rely on vast databases of reviews written by more and more people to answer consumer questions. Trustpilot’'s library of 330 million reviews has become an authoritative resource for AI-generated responses.

The company has raised its profitability targets by 2030.

Analysts at Royal Bank of Canada recently described the platform as “, the winner of Artificial Intelligence.

Oil, shipping and tourism reshaped by Middle East tensions

The conflict around the Strait of Hormuz also reshaped European markets in 2026.

Nigerian producer Seplat Energy, trading in London and Lagos’, shares %With an increase of 97, he benefited from high oil prices.

CEO Roger Brown told investors: “The conflict in the Middle East has dramatically changed the outlook for the oil and gas industry in 2026 and possibly beyond.’

At the same time, Luxembourg-based tanker operator d’Amico International Shipping said that shipping disruptions forced ships to longer and more expensive routes. %It increased by 84 percent.

According to the company's May 7 result presentation, the company's net profit in the first quarter of 2026 is .5 million with an increase of 45.6 $’a (€25.2 million) rises, with average daily spot interest rate .264 with 53 increments $’a (€29,610) rose.

SpainThe largest hotel chain in ’ is Meliá Hotels. %Gained 43 percent.

Revenue for the first quarter of 2026 %EUR 461.6 million increased to ’ with an increase of 3.8; The company noted that travelers are increasingly opting for Mediterranean destinations, such as Spain, instead of parts of the Middle East’.

CEO Gabriel Escarrer told shareholders that the group's summer bookings for luxury resorts and city hotels in Spain’ are growing at a double-digit pace, with high single-digit income per room (RevPAR) expected to increase in the second quarter.

The financials are: Insurers and travel groups are recovering

Croatia with a market capitalization of approximately 1 billion Euro’'s largest insurance company Croatia Osiguranje’'s share price this year is up. The company has benefited from renewed interest from investors in the country since ’ accepted the euro and joined the Schengen area.

Croatia Osiguranje operates in many Balkan markets, including Slovenia, Serbia and North Macedonia.

Another winner in the European stock markets in the past months is the share price so far %It was the British group Saga that increased by 54.

Saga is a UK consumer brand made up of people over 50.

He sells holiday packages to this age group, ocean and river cruises with his own ships, motor and home insurance, and personal finance products. January 31, 2026The year leading up to ’ was what the administration called the “ year of transformation, a year in which it reported stronger profits and lower debt.

Growth in the cruise business and the restructuring of insurance operations helped boost investors' confidence.

Copper, renewables and the energy transformation of Europe’

Companies linked to electrification and renewable energy have also attracted investors.

Romanian energy infrastructure company Premier Energy has doubled its value after expanding battery storage and renewable energy projects in southeastern Europe’.

Spanish public company Cox ABG Group, meanwhile, after announcing that Iberdrola’ has largely acquired the Mexican renewable energy platform %It was valued at 53.

Ingredients of: Copper and steel increase structural demand

EuropeShares of Klöckner & Co SE’nin, one of ’'s largest independent steel and metal distributors, so far this year is up.

This rise comes from strong gains in 2025’ and the US-based Worthington Steel’, which offers €11 per share and has been holding its stake in the company ever since. .78’e resulted from the takeover bid.

Investors now believe that any future dominance agreement or removal from the potential company could lead to improved compensation conditions for minority shareholders and help the stock rise above its current bid price.

At the same time, the share prices of Aurubis’in, based in Hamburg, which is the largest copper producer in ’ and one of the largest copper recycling companies in the world, are expected to increase this year. %Increased by 50.

On May 8, ’, the company raised its 2025/26 year forecast for the second time, partly due to consistently high copper prices and demand from artificial intelligence data centers, electrification and renewable energy, as well as high revenues from sales of sulfuric acid, an important byproduct of the copper smelting process.

Renewables and the energy transformation of Europe’

Companies linked to electrification and renewable energy have also attracted investors.

One of them, Romanian energy infrastructure company Premier Energy, has doubled its value since the beginning of the year. This came as the group, which has or manages more than 1,500 megawatts of renewable generation capacity, expanded battery storage and renewable energy projects in southeastern Europe’.

May 2026In ’, northeastern RomaniaThe company began construction of a battery energy storage system near ’da Iași with a capacity of 200 megawatts / 400 megawatt hours. The cost of this system is estimated at 75 million euros, and southeastern Europe is one of the largest in ’.

Another company that has won in this category so far this year is share prices so far. increased to Sevilla-based Cox ABG Group. Latin America, Spain and AfricaIntegrated water and renewable energy enterprise operating in ’ also operates desalination, water treatment and water treatment plants.

Trade in the company's shares increased following the announcement of a major acquisition of Iberdrola’'s Mexican renewable energy platform.

Food and beverage companies

Belgian beverage company Spadel SA (SPA) has announced its shares so far this year after reporting strong sales and profit growth at 2025’te. %He saw 46 increase.

The company, which owns mineral water brands such as Spa and Bru, said the demand was supported by consumers moving away from alcohol and sugary drinks.

MP Evans Group’ (MPE) shares in 2026 is up. IndonesiaThe company, which operates palm oil fields in ’, benefited from high palm oil prices and record profits in 2025, while increasing its dividend after strong earnings.

Real estate companies on the rise

Emperador Properties, a Madrid-based Spanish real estate investment partnership, announced this year that investors are betting on a rebound in Spain's ’'s office real estate market. %It was valued at 45 percent.

As of June 2025, he manages approximately 167,719 square meters of world-class real estate, valued at approximately €1 billion. June 2025’te company at Torre Caleido project in Madrid’ %With 50 shares, he further expanded his portfolio.

Meanwhile, the owner of the shopping center Castellana Properties SOCIMI’'s shares after the company reported strong profit growth and record visitor numbers in its retail portfolio in Spain and Portugal’ is increased. Castellana also expanded this year with the acquisition of the Berceo shopping center in northern Spain’.

EuropeThree themes shaping ’'s market winners

Three broad themes explain many of this year's strongest performers.

The first of these is artificial intelligence structure; not the chip designers themselves, but the digging and shoveling suppliers further down the value chain, providing the infrastructure needed to support AI systems including photonics, energy supply, copper and data connectivity.

The second is geopolitics. Since February 28th, the Strait of Hormuz, ’'s blockade has repriced oil, shipping and travel in different directions: African producers sell crude oil in a narrow market (Seplat), product tanker prices rise to record levels as journeys lengthen (d’Amico), and Mediterranean tourism moves away from the Middle East ’ (Meliá).

Third, investors' appetite for institutional actions (acquisitions, acquisitions, and valuation catalysts); This has very little to do with business performance: The US bid for Klöckner is an activist effort to close the Rocket Internet’te discount to its net asset value, and an Iberdrola asset deal that has transformed Cox ABG’.

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It is explained: What is the UK digital services tax and why did Trump anger ’?

U.S. President Donald Trump has threatened to impose tariffs on ’ if he does not remove the digital service tax imposed on American technology companies.

Speaking at the Oval Office ’, Trump said, "We've been investigating this issue and the United Kingdom can easily afford it by imposing a huge tariff on “, so they'd better be careful," ’ said.

If they don't lower the tax, it's likely that Britain will impose a huge customs duty on “, ’ went on.

Here's what you need to know about tax seems to have shaken up Washington’.

What is Digital Service Tax?

The United Kingdom introduced the ’ Digital Services Tax (DST) on April 1, 2020, and it's increasing revenue from social media platforms, search engines, and online marketplaces that derive value from UK users. %He was taxed at two percent.

This applies to companies worldwide whose revenues from digital activities exceed £500 million (€576 million) and whose revenues exceed £25 million (€28.75 million) from users in the UK’.

According to UK revenue and customs figures, the tax has raised £944 million (€1.1 billion) from ’da technology companies in 2025-26; This is according to the amount collected a year ago. increased.

The DST was initially implemented as a temporary measure until an international agreement was reached to reform the global tax framework; However, this agreement was never implemented.

The UK government describes it as a temporary measure and has committed to lifting it when an appropriate global solution to the reallocation of taxation rights is provided.

Treasury’'s view is that the tax applies to businesses, not countries, and does not depend on where the company's headquarters are located.

This application, which was introduced in 2020, is valid for companies such as Alphabet’in Google, Meta and Amazon.

Apple’'s App Store’ may also be covered by an online marketplace, but UK tax authorities have never publicly verified which companies pay the tax.

Why is Trump targeting us?

This is not the first time Trump’ has pursued the UK’'s digital services tax, and his predecessor, Joe Biden, has also objected to the tax.

Speaking on Thursday, Trump said the tax exploited “, the world's best companies.

"They think they're going to make easy money, so they're taking advantage of our country," “ told reporters.

I don't like that they're targeting “ American companies, because you're basically talking about our big American companies; Whether we like these companies or not, they are American companies and the best companies in the world. The United Kingdom did it, a few others did it. - ”

When asked how high a retaliatory tariff would be, Trump said it would be more “ than they received from the tax.

"What we're going to do is we're going to respond to what they're doing by putting something equal to or greater than what they're doing," “ explained.

Where else have similar taxes been levied?

Some European countries also have a digital services tax (DST). France, Spain, Italy, Austria, Denmark, Hungary, Poland and Portugal introduced them.

Apart from the European Union, Switzerland and Turkey have also implemented such taxes.

While most digital services taxes apply mainly to online advertising, DST in the UK, ’ targets social media platforms, internet search engines, and online marketplaces.

The European Union also has the Digital Markets Act, which regulates the largest companies in order to ensure fair competition in the digital market and to prevent anti-competitive practices.

In August, Trump wrote on his social media platform “ that he would stand up to countries attacking our incredible American Tech Companies.

“ Digital Taxes, Digital Services Legislation, and Digital Market Regulations are all designed to harm or discriminate against American Technology. This must end, he added, adding that important tariffs will be imposed unless they are removed.