Freedom square is one of the largest squares of the capital of Hungary in the area of Lipotvaros on the left Bank of the Danube to the South-East of the Hungarian Parliament. Until 1886, the district of Lipotvaros was overloaded army barracks, some of which was used as prison facilities. It is here that contained participants of the Hungarian uprising of 1848. In memory of those tragic events in 1926 at the corner of Bathory and Hold an eternal flame was lit.

After the demolition of the barracks complex in 1886 formed the area, stretching from North to South, along the perimeter of which is lined remarkable in the architectural plan of the building of osobnyakov. In 1901 the area was decorated building, with a facade in Art Nouveau style, today it houses the U.S. Embassy. In 1905, after the reconstruction of the square on its opposite sides appeared Exchange building (now located here at the radio and television company) and the National Bank, designed by the famous Hungarian architect and sculptor Ignaz Alpari.

Central part of the square is a square with fountains, there is a monument to the Soviet Army soldiers who fell during the liberation of Budapest from the Nazis.