diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7ec2aa22..00f6c029 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,6 +15,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Changed
 
 - Improved the redirection of the home page to the localized home page
+- Improved the language localization for German (`de`)
 - Upgraded `angular` from version `15.2.5` to `16.1.8`
 - Upgraded `nestjs` from version `9.1.4` to `10.1.3`
 - Upgraded `Nx` from version `16.0.3` to `16.5.5`
diff --git a/apps/client/src/locales/messages.de.xlf b/apps/client/src/locales/messages.de.xlf
index 5e0c2aad..4d159c44 100644
--- a/apps/client/src/locales/messages.de.xlf
+++ b/apps/client/src/locales/messages.de.xlf
@@ -2675,7 +2675,7 @@
       </trans-unit>
       <trans-unit id="7233cd3a1ef8913fa5c6db7a29c88044646ceacc" datatype="html">
         <source>Other Markets</source>
-        <target state="translated">Andere Länder</target>
+        <target state="translated">Übrige Länder</target>
         <context-group purpose="location">
           <context context-type="sourcefile">apps/client/src/app/pages/portfolio/allocations/allocations-page.html</context>
           <context context-type="linenumber">242</context>