Formerly Opera Square, Victoria Square is one of the central squares of Timișoara, the site of the 1989 Revolution, after which Timișoara was proclaimed the first free city of the communist regime in Romania. At opposite poles of the square are the Opera House and the Metropolitan Cathedral, connected by two promenades: the "Corso" on the right and the "Surogat" on the left. The Corso was in the past the place to stroll for Timisoara's high society, well-lit, with restaurants and luxury shops. At the same time, the Surogat, the opposite promenade on the left side, with a direct continuation of Alba Iulia Street, was the place where only young people and workers walked.

Incorporating numerous Baroque and Rococo buildings, Victory Square has at its center a monument supported by a 5 m high pillar, a replica of the Lupei Capitolina, given to Timisoara in 1962 by the City Hall of the Italian capital, Rome.