The Liberty Statue or Freedom Statue (Hungarian: Szabadság-szobor [ˈsɒbɒtt͡ʃaːɡ ˈsobor]) is a monument on the Gellért Hill in Budapest, Hungary.It commemorates those who sacrificed their lives for the independence, freedom, and prosperity of Hungary. History. It was first erected in 1947 in remembrance of what was then referred to as the Soviet liberation of Hungary during World War …