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San Marino just saw its priciest home sale ever. A palatial estate built for former CIA Director John McCone has traded hands for $30 million — or $7.5 million more than the asking price.
San Marino (/ ˌ s æ n m ə ˈ r iː n oʊ / ⓘ SAN mə-REE-noh, Italian: [sam maˈriːno]; Romagnol: San Maréin or San Maroin), officially the Republic of San Marino [7] (Italian: Repubblica di San Marino), is the oldest existing representative republic and the European state with the smallest population, apart from Vatican City. [8]
The City of San Marino (Italian: Città di San Marino), also known simply as San Marino and locally as Città, is the capital city of the Republic of San Marino and one of its nine castelli. It has a population of 4,061. [1] It is on the western slopes of San Marino's highest point, Monte Titano.
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San Marino is not a party to the Schengen Agreement.However, it has an open border with the Schengen Area, although some random police checks are made. [1] On 30 May 2024 the Council of the European Union authorised the opening of negotiations for an agreement between the European Union and San Marino in order to create a legal basis for the absence of border controls between the country and ...
In the years preceding the great recession, San Marino's public finances were in very good shape, with a central government budget surplus and no national debt.During the global downturn, the government adopted measures to dampen the shock on the real economy and to bail out financial institutions, which came at a high price for the soundness of public finances.
San Marino – small sovereign country located in the Apennine Mountains on the Italian Peninsula in Southern Europe. [1] San Marino is a landlocked enclave , surrounded by Italy . One of the European microstates , San Marino has the smallest population of all the members of the Council of Europe and the 3rd highest GDP per capita in the world.
Tourism in San Marino, known also as the Most Serene Republic of San Marino (Italian: Serenissima Repubblica di San Marino) is an integral element of the economy within the microstate. The tourism sector contributes a large part of San Marino 's GDP , with approximately 2 million tourists visiting per year.