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I regret not trying Budvar while I was in Prague last year; I assumed at the time that it was a high-octane version of Budweiser, which would be about what one would expect the 20-something slackpacker crowd that plagues Prague to drink. If recent posts to the REHP board are correct, Budvar is apparently good. Czechvar is the name under which it's distributed in the U.S.

I seem to be in the minority, but I really don't like Budvar that much. Don't get me wrong, it puts Bud Light to shame, but so does swampwater. Then again, I prefer a beer that has a real flavor...

Interestingn side note: I remember seeing a shop in Wien called "Budweiser"; it had nothing to do with beer. Apparently Anheuser-Busch isn't too aggressive about trying to prevent use of the Budweiser name under obviously non-competitive situations. Besides, like everything else in Wien, that shop probably predates the Budweiser beer.

IIRC, and I'm no expert, Budweiser (the company) was named after a town in the Czech Republic. That would really hurt the company's chances of enforcing a trademark in the EU....

ObBeer: Dogwood Brewing Company (Atlanta) makes a very hoppy IPA called "Breakdown." Great flavor, and not too bitter despite having more hops than a caffenated bunny.
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