RTPI — Europa a Porta 20260806 221600 UTC 114 transcript segments Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive. Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record. [00:01:00] on one side of the river in Estonia, the [00:01:03] and on the other, in Russia, just [00:01:06] 120 meters away, the Ivangorod [00:01:10] fortress founded in 1492. [00:01:13] The Friendship Bridge separates the two sides. The name was [00:01:17] ironically given by the Russians in the [00:01:21] 60s to symbolize the closeness between [00:01:24] Russia and the Soviet [00:01:26] Republics. [00:01:30] in the Soviet times, it actually was built in the Soviet times, it's called [00:01:33] Friendship, nowadays it's pretty ironically to call it like that, but [00:01:37] it's the only bridge that you can go through to the Russia side, there was [00:01:41] opportunity to go by car, but nowadays it's from [00:01:44] the Russian border that are making some reconstructions [00:01:47] and [00:01:53] Russian nationality are prohibited from entering Estonian territory [00:01:57] since Russia's invasion of Ukraine. [00:03:00] Narva is of Russian origin, after Estonia's independence in [00:03:03] 1991, the [00:03:06] vast majority of inhabitants remained in the [00:03:08] country. [00:03:11] Narva is the capital of Idaviruma, the poorest [00:03:15] region in Estonia, with an unemployment rate of [00:03:18] over 12%. [00:03:21] The European Union has allocated more than 300 million euros [00:03:24] to the region, from the Just Transition Fund for the period of 2022-2027, [00:03:28] justa para o período de 2 2027 [00:03:32] aimed at supporting European countries with the greatest [00:03:35] need for adaptation to the carbon neutrality [00:03:39] process, and Davi Ruma is suffering the [00:03:42] impact of the energy transition with the [00:03:45] replacement of the use of oil shale with [00:03:49] cleaner energy [00:03:50] sources. [00:04:02] The Just Transition Fund is a financial instrument [00:04:05] of the European Union that is part of the cohesion [00:04:08] policy and provides support to territories facing [00:04:12] socioeconomic challenges resulting from the process of [00:04:15] transitioning to a climate-neutral economy. The fund [00:04:18] supported the creation of the first [00:04:22] rare earth magnet factory in [00:04:24] Europe. [00:04:54] following the specifications of the European automotive industry and [00:04:58] the turbine sector. [00:05:12] supplies the automotive customers of Europe and the [00:05:16] renewable energy customers for offshore wind turbines of Europe, [00:05:20] and in a time of crisis of rare earth [00:05:23] magnetics, challenging trade flows, [00:05:26] tariff, non-tariff barriers that are happening in the world, the [00:05:29] localization of critical material supply chain such as what we've [00:05:32] done here in Estonia, helping and being part of Estonia becoming the [00:05:36] rare earth hub of [00:05:38] Europe. [00:05:41] The factory represents an investment of 75 million [00:05:45] euros, European support is 14 [00:05:48] million, it employs around 80 people, but [00:05:52] a thousand jobs are expected to be created in the [00:05:55] coming years. One of the objectives of magnet [00:05:59] production in this part of northern Europe is to increase European [00:06:02] competitiveness and reduce [00:06:05] dependence on China, which dominates the [00:06:08] world market. [00:06:13] "if we want our world to succeed in the transition to net zero, part [00:06:16] of it is transitioning to renewable energy sources, but [00:06:20] the other part is using motors that are more energy [00:06:24] efficient, that is using less energy in a motor to achieve the [00:06:28] kind of mechanical outputs that we need to maintain if not increase [00:06:31] our quality of life, and rare earth permanent magnets that [00:06:35] go into motors, they help them become energy efficient, they are [00:06:39] energy saving magnets to the [00:06:42] effect." digitally, including obtaining [00:06:45] licenses, constructing the factories, installing [00:06:49] equipment, and hiring local and [00:06:52] international employees. [00:06:55] The factory was built in just 500 [00:06:59] days. Estonia because of how [00:07:02] effective uh the administration, the public [00:07:05] administration procedures are because of how invested the [00:07:09] public administration Estonia was in working with EU. [00:07:12] institutions um and of course us working [00:07:15] together um Estonia became the first [00:07:19] country that was able to grant an EU just [00:07:22] transition fund award and by extension we became the first project. New [00:07:26] Performance Materials is a Canadian company with [00:07:29] branches in China, Thailand, [00:07:31] Singapore, Germany, United Kingdom, and United [00:07:34] States. The EU Commission and the government of Estonia had [00:07:38] vision where in areas that have suffered the most. [00:09:13] In the riverside area, with a view of Russia, the atmosphere is [00:09:17] usually one of relaxation and [00:09:19] leisure. 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