Fake goods, real danger: the €83 billion business behind illicit trade in EuropePhoto by Threze Gue on Pexels
Business

Fake goods, real danger: the €83 billion business behind illicit trade in Europe

Euronews Portugal1 September 2026 at 14:00

A hidden network of organized crime is flooding European markets with counterfeit products, in a business valued at €83 billion per year. This value represents the illicit trade that occurs within Europe's borders, according to the data presented.

Investigators warn that consumers are unconsciously financing these criminal networks by purchasing these products without knowing their illegal origin. The scale of the phenomenon makes it one of the largest sources of revenue for organized crime on the continent.

Counterfeit goods encompass a wide range of products, from luxury articles to medicines and everyday consumer goods. This parallel industry represents a real danger both for the legitimate economy and for consumer safety.

Related articles

Business

Wall Street falls with pressure from rising sovereign interest rates

Wall Street opened lower on Tuesday, dragged down by intensifying global sovereign bond selling amid fears of persistent inflation. The Dow Jones fell 0.49%, the S&P 500 dropped 0.68% and the Nasdaq lost 1.34%, a move that BCP analysts attribute to the prospect of further interest rate hikes by major central banks. US ten-year debt yields reached 4.78%, the highest level since January, while the thirty-year yield hit 5.27%. Sovereign rates also rose to multi-decade highs in Japan, Germany and the United Kingdom. Brent crude advanced 2.22% to $92.5, driven by Middle East tensions, further fueling expectations of restrictive monetary policy.

Jornal Económico01/09/26, 14:49
Inflação determina possível aumento de 2,5% nas rendas para o próximo ano
Business

Inflation determines possible 2.5% rent increase for next year

Inflation may determine a 2.5% rent increase from January, reflecting current economic pressure on housing costs. Over the past five years, prices have accumulated an increase exceeding 15%, showing a sustained growth trend. Additionally, new lease contracts will see an even more significant increase, worsening the financial burden for new tenants.

SIC Notícias01/09/26, 14:39
Portugueses aumentam dormidas no país em 4%, contrariando previsões dos hoteleiros
Business

Portuguese increase overnight stays in the country by 4%, contradicting hoteliers' predictions

In July, Portuguese people increased their overnight stays within the country by more than 4%, a growth that contradicted hotel sector predictions and that compensated for the slowdown in foreign tourism, thus boosting one of the main engines of the national economy.

SIC Notícias01/09/26, 14:37
Business

Germany: death of the richest man creates one of Europe's largest foundations

Klaus-Michael Kühne, Germany's richest man, died at 87 in a Swiss canton where he resided to avoid inheritance taxes. Without children, his 42.2 billion euros were transferred tax-free to a charitable foundation, making it one of the richest in Europe. His fortune came mainly from the logistics company Kühne + Nagel, from his stake in the container company Hapag-Lloyd, and from investments in real estate and ships.

Euronews Portugal01/09/26, 14:34