PRAGUE (AP) — The new Czech agriculture minister says he has no plans to sell the Czech state-owned brewer Budvar.
In an interview with the Associated Press, Marian Jurecka says he can see no reason to consider Budvar's sale. Jurecka is formally in charge of the company.
Jurecka says Budvar has remained profitable despite the recent economic downturn, adding the trademark dispute with Anheuser-Busch was another reason to keep it in the state hands.
After record output and exports last year, Jurecka says Budvar will boost its production capacity by 200,000 hectoliters to meet growing demand.
Jurecka said Thursday that Budvar's net profit reached 320 million koruna ($16 million) in 2013.
New Czech agriculture minister Marian Jurecka says that he has no plans to sell the Czech state-owned brewer Budvar, which has been fighting with beer giant Anheuser-Busch for longer than a century over the use of the "Budweiser" brand.