Soak Raisins: Place the raisins in a small bowl with warm water to soften. After about 10 minutes, drain them.
Mix Dry Ingredients: In a large bowl, create a well with the flour. Add sugar, softened butter, active dry yeast, one egg, and a pinch of salt around the well.
Combine Wet Ingredients: Start mixing by gradually adding the lukewarm milk to the flour mixture. If the dough is too dry, add a bit of warm water until it forms a soft dough.
Add Flavors: Knead the softened raisins and anise seeds into the dough until evenly distributed.
First Rise: Let the dough rise in a warm place for about 3 to 4 hours, or until it doubles in size.
Shape and Second Rise: Shape the dough into one or two cylinders or a traditional ring. Make a shallow cut along the top, then let it rise again for 1 hour.
Glaze and Bake: Beat the remaining egg with honey or sugar. Brush this glaze over the risen dough. Bake on a parchment-lined baking sheet in a preheated oven at 340°F (170°C) for 50 minutes, or until golden brown.