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Vilnius, Lithuania, May 30, 2008 --(, an international network of construction and home improvement websites, has launched a site for the German market named

The site features German construction news and home improvement articles and lists more than 40,000 construction contractors in Germany.

Germany has become the 5th country that has chosen as an area for development. Last year the portal was successfully introduced to the markets of Latvia, Poland and the UK. In Latvia and Poland, it has reached the leading positions among similar kinds of media, which is partially the result of a well-organized press and TV advertising campaign, run in those countries, as well as high placement in major Internet search engines.

Irina Pavlova, the chief editor of, says: “A significant advantage of the network is the fact that it links the construction markets of Eastern and Western Europe. Germany has now become a part of our project too, so the European construction companies seeking to promote their products and services abroad are given a good chance to establish contact with partners and customers in Germany. ”

The reason why is interested in Germany as a potential business area is its current economic upsurge.

German economy is the third largest in the world. Its GDP makes 1/3 of the total European GDP. The beginning of this year saw the strongest economical growth in 12 years. In 2006 and 2007, GDP has increased by 2,8 and by 2,4 respectively. For this year, a similar increase is expected. Besides, 2007 was marked by the reduction in budget deficit, for the first time in 17 years. Foreign trade surplus in 2007 was 198,8 billion EUR, compared to 159,0 billion EUR in 2006.

Germany is also the world's biggest exporter – its export growth in 2007 is estimated to be 9%. German real estate market is getting particularly attractive for investors. In 2006 it amounted to 50 billion EUR. The world financial crisis had a minimal effect on German real estate market, as 99% of mortgage rates in the country are fixed.

Having launched the German version, is currently planning to expand to Russia, Ukrain and Belorussia.

For further details, please, contact:

Irina Pavlova

Vytenio g.50, Vilnius
Phone: 8-5-2333102

Contact Information
Irina Pavlova

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