Location: The Heritage Foundation's Lehrman Auditorium

In 2008, Bulgaria joined the group of countries in Central and Eastern Europe that adopted a flat tax. This was the result of a campaign led by the Institute for Market Economics and several other economists begun in 2004. The outcome exceeded expectations and proved that fears of the government were not justified. Bulgaria’s economy is growing. Opportunities for other reforms are greater than ever. The government now has the chance to make Bulgaria the new miracle of Europe. Success, however, will depend more upon political will than budgetary challenges.