In the ХІХ century the old name of the square was Trading area. In 1990 it was named after the Hungarian poet and revolutionary Shandor Petofi (1823-1849).  On July 11, 1847 he was on his way to his lover, who lived in Transylvania, stopped to overnight in Uzhgorod. Night at “Black Eagle” hotel (pl. Petofi, 20) and impressions of the city were recorded in his “travelling letters”. Today, in the building of the hotel is School of Arts.