Foreign investments in broadcasting companies in Turkey may become less restricted in the future, thanks to amendments to a Radio and Television Supreme Council (RTÜK) law expected to be made as early as next year, the European Journalism Centre (EJC) reported Monday.

Currently, the law permits outside firms to own just a 25 percent stake in media outlets in the country.

A draft of the bill was sent to the Prime Ministry in the beginning of this year and was evaluated by the state so as to "harmonize" Turkish laws with those of the European Union, the EJC reported. Changes are planned to be made to Law No. 3984, which deals with TV and radio station broadcasts.

All restrictions on foreign investments in Turkey's media sphere would be suspended two years prior to the country's membership to the EU and the revised regulations would "go in effect simultaneously with Turkey's membership," according to the EJC.