The Baltic state’s former prime minister collects today the Cato Institute’s Milton Friedman Prize for Advancing Liberty.

The latest U.S. News & World Report discusses this honor. The magazine reports Mart Laar helped transform a “stagnating post-Soviet economy to one of the most robust in Europe.”

In 2001, Estonia “enjoyed an economic growth rate of 7 percent, with 90 percent of its formerly state-run economy in private hands.”