The Russian brewer Volga saw its sales rise by some 47% in 2003 to 7m decaliters of beer, compared to a year before, the company's press service was quoted as saying on Monday.
 
Revenues were reported up 78% on the year to R846m (US$28.7m), while the company's share of the Nizhny Novgorod Region beer market went up to 36.8% from 30.4%.

Volga is controlled by the Central European Brewing Company, the major shareholder of which is Wimm-Bill-Dann Foods.