In fact, there are currently two beers using the "Budweiser" trademark that aren't made by Anheuser-Busch. The name is actually meant to describe the style of beer, made in the Bohemian town of České Budějovice - Budweis, in German - where it's been brewed for centuries. One beer, made by Budweiser Bürgerbräu, was the first to use the term for marketing purposes. Production began in 1785, and the beer was first exported to the United States in 1871. Soon after, in 1876, Anheuser-Busch began using the name and filed a trademark request. At the time, Budweis was a town in the Austria-Hungarian empire, and the American company was seeking a name that would evoke some of the cachet of Austrian brewers, who were considered the best in the world.
I'm certainly not a beer expert, but it's my opinion that the Czech stuff tastes surprisingly similar to the American version. Maybe the taste is a little stronger, and the beer is a little less alcoholic, but not much different otherwise. That opinion, of course, is probably blasphemous here.
At the local Flop mini-mart (isn't that a strange name?), it sells for twelve koruna per half liter bottle, which includes a three koruna deposit. Twelve koruna is equivalent to about seventy US cents, which is a pretty good deal.

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