What is San Marino known for?

Its best known is probably the Torta Tre Monti ("Cake of the Three Mountains" or "Cake of the Three Towers"), a wafer layered cake covered in chocolate depicting the Three Towers of San Marino. The country also has a small wine industry.

Where is San Marino located?

San Marino is surrounded by Italy in Southern Europe, i.e. almost completely by the province of Rimini in the region of Emilia Romagna and, only on a stretch of about three kilometres in the south, by the province of Pesaro and Urbino in the Marche region. San Marino lies about ten kilometres (six miles) from the Adriatic coast at Rimini.

How does San Marino make money?

Tourism and banking are the country's main sources of revenue. San Marino is a developed country, and although it is not a European Union member it is allowed to use the euro as its currency by arrangement with the Council of the European Union; it is also granted the right to use its own designs on the national side of the euro coins.

Does San Marino have a VAT system?

Under the European Union customs agreement, San Marino import tax is considered equivalent to the European VAT system. A separate tax on services, with a rate of 3%, has been introduced in 2011. The introduction of a true VAT system, not dissimilar from the European one, is under development.

How is San Marino governed?

Uniquely, San Marino's constitution dictates that its democratically elected legislature, the Grand and General Council, must elect two heads of state every six months. Known as the Captains Regent, they serve concurrently and with equal powers. The country's economy is mainly based on finance, industry, services, retail, and tourism.

Is San Marino a diocese?

Historically, the various parishes in San Marino were divided between two Italian dioceses, mostly in the Diocese of Montefeltro, and partly in the Diocese of Rimini. In 1977, the border between Montefeltro and Rimini was readjusted so that all of San Marino fell within the diocese of Montefeltro.