Novaem plans to buy engineering assets in Russia, abroad
Russian engineering company Novaem plans to buy a number of engineering assets in Russia and abroad, Novaem CEO Vitaly Chernomor said at a news conference Tuesday.
Novartis, the Swiss pharmaceuticals group, plans to invest $500m in Russia in the coming five years in a move to bolster its position in the market and bypass tougher regulations on imported medicines.