It is named after King Milan Obrenović, under whose rule Niš was taken from the Ottoman Empire in 1878 and became part of Serbia. In the middle of the square stands the Monument to the Liberators of Niš, unveiled in 1937 and the work of the sculptor Antun Augustinčić.
The monument's tall stone base is surrounded by dramatic bronze groups and reliefs of soldiers and horsemen, and it is topped by a mounted figure. It honours those who fought for the city's freedom in the wars of the late 19th and early 20th centuries.
From the square it is a short walk to the old Tinkers' Alley (Kazandžijsko sokače) with its cafés, and across the bridge to Niš Fortress, so this is the natural starting point for a walk in the city.
