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VISEGRAD BLOG: Central Europe's populists need a new strategy for Biden
OUTLOOK 2021 Lithuania
EBRD says loan to Estonia’s controversial Porto Franco project was never disbursed
Czech Pirates and Mayors approve final coalition agreement for 2021 elections
Hungarian vehicle makers hit by supply chain shortage
COVID-19 and Trump’s indifference helped human rights abusers in 2020
OUTLOOK 2021 Poland
OUTLOOK 2021 Slovakia
BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption
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BALKAN BLOG: US approach to switch from quick-fix dealmaking to experience and cooperation
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BALKAN BLOG: The controversial recipe for building up Albania
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Sofia-based LAUNCHub Ventures holds first close of new fund on €44mn
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OUTLOOK 2021 Moldova
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World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%
Montenegrins say state administration is most corrupt institution
North Macedonia plans to cut personal income tax in IT sector to zero in 2023
OUTLOOK 2021 Romania
Romania’s central bank cuts monetary policy rate by 25bp to 1.25%
OUTLOOK 2021 Slovenia
Slovenia’s opposition files no-confidence motion against Jansa cabinet
Slovenia’s government to release funds to news agency STA after EU pressure
UK Moneyhub picks Slovenia for post-Brexit European base
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ISTANBUL BLOG: Biden must find a way to work with Trump’s strongman pal Erdogan
CAUCASUS BLOG : What can Biden offer the Caucasus and Stans, all but forgotten about by Trump?
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OUTLOOK 2021 Armenia
COMMENT: Record high debt levels will slow post-coronavirus recovery, threaten some countries' financial stability, says IIF
OUTLOOK 2021 Georgia
Iran’s technology minister indicted for failing to properly implement internet censorship
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TEHRAN BLOG: Will Biden bet on a quick return to the Iran nuclear deal?
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OUTLOOK 2021 Tajikistan
OUTLOOK 2021 Turkmenistan
Turkmenistan: How the Grinch stole New Year
COMMENT: Uzbekistan is being transformed, but where are the democratic reforms?
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The Committee to Protect Journalists (CPJ) has called on Turkey to revise a financial regulation passed last week that it sees as too broad in scope and containing dangerous ambiguities. The press freedom watchdog wants to ensure that it cannot be used to target media representatives.
On May 7, Turkish authorities—against a backdrop in which officials were scrambling to protect the value of the embattled Turkish lira—ratified a new banking regulation that imposes fines for disseminating information that “would damage the financial system and lead to systemic risks due to the loss of trust in the financial system” or which “keeps the price … [of a] financial instrument at an abnormal or artificial level or that [gives a] false and misleading impression regarding the supply, demand, or price of the same instrument,” according to the text of the regulation, posted in Turkey’s Official Gazette.
Umit Akcay, an economics columnist at news website Gazete Duvar and an associate professor at the Berlin School of Economics and Law, told CPJ via messaging app that the regulation may prompt journalists who cover economic issues to self-censor for fear of being fined.
“The ambiguity in Turkey’s new banking regulations, along with the arbitrary nature of deciding what reports may be harmful to the country’s banking system, threaten independent reporting on the country’s economy,” Gulnoza Said, New York-based CPJ’s Europe and Central Asia program coordinator said on May 11. “Turkish authorities should revise the regulations and ensure that journalists covering matters of economics and finance can do so freely and without fear of retaliation.”
Veysel Ok, a lawyer and co-director of the Media and Law Studies Association, a Turkish nongovernmental advocacy group, was cited as telling CPJ via messaging app that while the regulation does not specifically mention journalists, “the regulation has some open-ended terms, therefore we cannot say that journalists would not be affected with a 100% [certainty].”
Last June, Turkish authorities charged two Bloomberg journalists for allegedly undermining the nation’s economy in their reporting, as CPJ documented at the time. The journalists face up to five years in jail if convicted.
CPJ said it emailed the Turkish treasury and finance counsellor at Turkey’s US embassy for comment, but did not receive any reply.
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