The square gained worldwide notoriety when TV stations around the globe broadcasted Nicolae Ceausescu's final moments in power on December 21, 1989. It was here, at the balcony of the former Communist Party Headquarters, that Ceausescu stared in disbelief as the people gathered in the square below turned on him. He fled the angry crowd in his white helicopter, only to be captured outside of the city a few hours later.

The square's importance stretches back long before the dramatic events of the 1989 Revolution. On the far side of the square stands the former Royal Palace, now home to the National Art Museum, the stunning Romanian Athenaeum and the historic Athenee Palace Hotel. At the south end of the square, you can visit the small, but beautiful, Kretzulescu Church.