Palace Albanija is a high-rise building in Belgrade and the first skyscraper built in Southeast Europe. It is located at Terazije square, finished in 1940 and it was the first high-rise building in Belgrade and for a long time the highest one, domineering the architecture of Belgrade of the time. The origin of its name is traced back to the period before it was built, since a kafana named Albanija previously occupied the same spot. On October 20, 1944, red flag placed on Palace Albanija declared that Belgrade was liberated from the Nazis by the Red Army and Yugoslav Partisan forces. To this day it is the highest reference point between Terazije and Slavija.
