This historic location was once home to the town's old cemetery, which operated from the 18th century. During the Soviet era, the cemetery was relocated outside the town, but four memorial stones were placed in the former cemetery area to commemorate Jonava’s Orthodox community, participants of Lithuania’s Independence Wars, German soldiers who died in World War I, and the townspeople whose remains were not relocated.
Peace Square preserves the grave of Jeronimas Ralys, a renowned doctor, translator, and community leader who served as the first chairman of Jonava’s independent city council. He gained recognition
for his translation work and compassion for his patients, treating people regardless of their age, nationality, or financial situation.
The square also features a monument to poet, translator, and playwright Petras Vaičiūnas and a sculpture dedicated to Bronislovas Lubys, a Jonava Honorary Citizen, signatory of the Act of Independence, and long-time president of "Achema." Additionally, visitors can admire the monument to Abraomas Kulvietis, one of the most prominent intellectuals of the 16th century, a pioneer of Lithuanian literature, and founder of Lithuania’s first higher education institution.