Czech brewer Budejovicky Budvar — from the Bohemian town of Budweis — announced today that it will be transformed into a joint-stock company as the first step toward privatization. Currently, Budvar (whose beers are marketed in the U.S. under the name Czechvar) is a state-owned company.
Agriculture Minister Petr Gandalovic, whose ministry controls Budvar, also said today that privatization will depend largely on any outcome in the long-standing trademark dispute with Anheuser-Busch, whose beer brand “Budweiser” was inspired by the town of Budweis. The speculation is that this move, along with several other proposed similar privatizations of other nationally held companies, is being taken to assist the government in dealing with a recent budget crisis.