article thumbnail

Dominican Central Bank Reports 29% Growth In Remittances

YoungUpstarts

The Dominican Republic has emerged victorious in this struggle. Over the last 5 years the Dominican Republic was a fast growing Caribbean economy. In 2018 remittances to the Dominican Republic accounted for more than 7% of the country’s GDP. Remittances to the Dominican Republic averaged $312.9

article thumbnail

From co-founder to ousted CEO of 500px: Trials, errors, and lessons learned

The Next Web

Shortly after the news hit the media, Gutsol left Canada where he’s lived since 2000 after moving from Ukraine, and he spent a few months in the Dominican Republic. Its history, however, has been a bumpy ride, which ended for its co-founder Oleg Gutsol last year, with him being ousted from the CEO role and the company itself.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 startups that leveraged products for social good, and where they’re headed in 2014

The Next Web

Flip through to be completely inspired by these entrepreneurs who’re not only giving you a service, they’re giving back. Both winemaker and entrepreneur, in this case, exits each collaboration with a deeper connection to economic and personal development. Entrepreneur Insider Roundups' All hail small (and local) business.

article thumbnail

Founder Interview: Alejandro Russo, Building the Candela Spiced Rum Brand

The Startup Magazine

Candela Mamajuana is an alcohol/spirits startup brand that is bringing the Dominican Republic’s native rum to the world. Candela Mamajuana was born after Alejandro became fascinated by mamajuana (a spiced rum native to the Dominican Republic) after it was served to him at a hotel bar in the Dominican Republic.

article thumbnail

A Conversation with 2020 Presidential Candidate Andrew Yang

View from Seed

One in five prime working age American men has not worked in the last twelve months, and our labor force participation rate is down to 62.9%, the same levels as El Salvador the Dominican Republic. Here’s my growth curve for horse and buggies’ or whatever it may be, you would think they’re insane! I would be thrilled.