Szabadsag Ter, or Liberty Square in English, is a public square in the Lipótváros neighborhood of the business district on the Pest side of Budapest, Hungary. The buildings on the square are a mix of business and residential. Some of the buildings found here include the United States Embassy, the headquarters of the Hungarian National Bank, and the Hungarian State Television building. The square is picturesque and peaceful, but Hungary's turbulent history has left its mark here over the past century, from the fall of the Austro-Hungarian Empire to communism to the start of a new regime in 1989.
In the square there is a monument commemorating the Soviet liberation of Hungary in World War II from Nazi German occupation, which is the last statue from the communist era that is still in its original place. The Soviets ordered the monument to be built, though they made Hungary pay for it. The square also has monuments to Ronald Reagan and Harry Hill Bandholtz. Visitors will also enjoy the interactive fountain in the square in spring, summer and fall. Liberty Square is surrounded by a park where many people relax when the weather is nice. There are several restaurants, cafes, and hotels nearby.