Fashion
Turkiye leads green energy investment; renewables share over 60%: Prez
He was addressing the 11th Energy Efficiency Forum and Fair in Istanbul.
Outlining Turkiye’s efforts to diversify its energy mix and expand renewables, President Recep Tayyip Erdogan recently cautioned about significant risks of relying on a single country or source for energy requirements.
He said Turkiye has turned one of the leading economies investing in green energy in recent years and the share of renewable energy in its total installed capacity has crossed 60 per cent.
Erdogan stressed that diversification remains key to the security of supply. “Being dependent on a single country, source, or route for energy procurement carries significant risks,” he said. Turkiye imports over 90 per cent of its energy needs.
“Our goal is to expand the economy to $1.9 trillion and lift per capita income to $21,000 by 2028,” Erdogan said, mentioning about targets of the government’s new medium-term programme.
The country’s population is expected to exceed 88 million by 2030 and reach 94 million by 2050, according to the president, up from nearly 86 million as of the first half of this year.
“We all know very well what this means in terms of energy demand and consumption,” the president was quoted as saying by domestic media outlets.
He said the country has turned one of the leading economies investing in green energy in recent years and the share of renewable energy in its total installed capacity has surpassed 60 per cent this year.
Natural gas consumption has also grown rapidly, he said. While in 2002, only five cities in the country had gas infrastructure, all 81 provinces now have such access, Erdogan said. “The share of our population with access to natural gas has risen from 33 per cent to 85 per cent,” he noted.
Turkiye’s transition to clean energy remains a government priority, and the Climate Law adopted in July was an important move toward the 2053 net-zero emissions target, he added.
Turkiye will host the COP31 climate summit next year.
Fibre2Fashion News Desk (DS)
“We designed this collection with parents in mind. Shopping for a newborn, as a gift or for your own, should feel joyful and easy. Everything is intended to be mixed together and matched — it’s fun, it’s emotional, and the value is incredible.”. – Sarah Holme, Head of Design & Product Development for Old Navy.
Old Navy has introduced Little Navy, a new collection of newborn essentials designed to simplify early-stage shopping and gifting.
The range includes layettes, hats, booties and mix-and-match basics in soft, seasonless colours and cosy fabrics.
Sized for babies up to 24 months, the line focuses on comfort, versatility, emotional appeal and strong value for modern parents.
Little Navy goes beyond onesies, offering layettes, hats, booties, and more, all in one convenient collection and no extra searching required. It features a soft, seasonless color palette, cozy fabrics, and versatile styles made for newborns and babies up to 24 months, with sizing that allows Little Navy to grow with baby.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
They said bank audit procedures have stalled numerous applications. Around Tk 57 billion in incentives for the textile and apparel sector remain unsettled in fiscal 2025-26, creating acute liquidity pressure and affecting exports.
Bangladesh trade body BGMEA representatives recently met Finance Minister Amir Khasru Mahmud Chowdhury and urged him to release pending cash incentives without waiting for quarterly release schedules and simplify the disbursement process.
They said bank audit procedures have stalled numerous applications.
They also raised concerns over loan rescheduling and working capital.
The authorities were requested to disburse incentives upon application submission instead of waiting for quarterly release schedules, according to a release from the trade body.
BGMEA vice president Mohammad Shihab Uddoja Chowdhury raised concerns over loan rescheduling and working capital. He said banks often reschedule loans to maintain non-performing loan ratios, but fail to provide the working capital factories need to resume operations.
He proposed that banks pair rescheduling with working capital support to create a win-win outcome, allowing factories to operate and repay loans. The finance minister agreed with the proposal.
BGMEA leaders also called for business facilitation and lower operational costs to help Bangladesh remain competitive in the global market. They sought policy support to remove obstacles in customs, ports and other administrative layers and to ensure an investment-friendly environment.
Fibre2Fashion News Desk (DS)
Bangladesh think tank Centre for Policy Dialogue has called for major reforms in business environment, tax collection, trade deals and FDI management, cautioning that the country’s post-election economic transition may be at risk without evidence-based decisions and strong accountability.
A CPD study identified ‘leaking revenue’ as the weakest area across all decision-making indicators.
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