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Business NewsBritish beer consumers' campaign leaves Czech brewers with a bitter aftertaste
Fiercely proud of their centuries-old brewing tradition, Czech beermeisters
have reacted angrily to claims by the world's largest consumer advocacy
group, the U.K.-based 'Campaign for Real Ale,' that the quality of Czech
beer is going down the tubes.
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Business NewsBusiness briefs
Cabinet postpones discussion on sale of Cesky Telecom; Current account
deficit narrowed significantly in September; Irish entrepreneur buys ABN
AMRO's Czech asset management business; EU court refers 'Budweiser'
dispute back to Finnish courts
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Business NewsBusiness News
Czech government approves the framework of its fiscal reform package.
Central bank cuts key two-week repo rate to an all-time low of 2.25
percent. The Czech trade deficit for May narrowed well beyond expectations
to its lowest level since January. Czech farmers will receive
compensations for damage caused by sweeping floods last summer. Government
is considering further privatisation of lucrative companies, including
famous Budvar brewery. Telecommunications giant Czech Telecom hopes to
reduce operating cost after taking over mobile operator Eurotel.
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Current AffairsCash-desperate government may sell precious Budvar brewery
The famous Czech Brewery Budweiser Budvar may be up for sale. Although the
company has long been labelled as the so-called "family silver",
making it exempt from privatisation after 1989, its sale now could bring
billions of crowns to the state budget. Observers warn, however, that if
the government does decide to privatise Budvar, the company could fall
prey to US-based giant Anheuser-Busch, which has been engaged in a fierce
trademark war with Budvar, a worldwide battle that has continued for over
a century.
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Current AffairsThe battle over the Budweiser name continues...
Drinkers of Czech Budweiser beer in Great Britain have nothing to fear as
the brewery gets the go ahead from a British court to continue selling the
famous Czech lager. The Budweiser Budvar brewery in South Bohemia, has
been locked in a lengthy battle with Anheuser-Busch, the world's largest
brewer, over the well-established Budweiser name. The trademark dispute
has been going on for almost a hundred years and continues to be fought in
courtrooms throughout the world.
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