Strada Lipscani gets its name from the large number of traders who, in the 18th century, sold wares here brought from Leipzig, which at the time was one of the largest trading posts in Europe.

As Str. Lipscani was the main commercial street in the Old Town, it over time lent its name to the whole area. Ironically, its name and history aside, modern Str. Lipscani has little to recommend it, although it does have some exceptional bars, pubs and clubs, and a theatre.

About two thirds of the way along Str. Lipscani is the Hanul cu Tei, a wonderful courtyard (once part of a large inn) which today houses art galleries, antique shops, second-hand book shops, gift shops, studios and portrait artists, as well as a lively terrace (in summer) and pub/restaurant, and an excellent souvenir shop.