The photo shows the Rathausstrasse (Str. Regina Maria, vul. Holovna) at its confluence with the Ringplatz (Piata Unirii, Centralna pl.)
On the other side of the square the tower of the Catholic Church (left) and the Hotel Paris (right) can be seen.
The corner building on the right side is the Hotel Belle Vue.
The photo shows a military parade, pedestrians being dressed elegantly or in their tradional costumes. Helmut Kusdat