The Victory Square received its name in 1878, although it appeared in maps fifty years earlier, when the Kiseleff Road was cut.

The south side of the square was reoccupied in the late 1980s, during the Nicolae Ceaușescu regime with massive housing blocks, similar with the ones from the new Civic Centre.

Stylistically, it is inspired by the architecture promoted by far right regimes from Italy and Germany, very similar with the Mussolini-era Italian Rationalism.

It was planned to represent the power of King Carol II and his dictatorial regime (1938-1940), destined to be the Royal Ministry of Foreign Affairs (Romanian: Ministerul Regal al Afacerilor Străine).

Each panel was 15 m high and was made of three layers of reliefs with allegorical characters and Latin texts: agriculture and commerce, culture, geography and history, inventiveness and ingenuity, abundance.

[5] Here is a list of some of the tallest office buildings: There are plans to replace the parking lot opposite of Victoria Palace with a statue of Maxim Pandelescu, a general in the Romanian Army during World War II, as well as an anti-communist guerrilla leader.