Named after Julius Raab, Austrian chancellor at the time of the 1955 State Treaty.
The square, Aspernplatz from 1903, was named on 18 October 1976 after Julius Raab (1891–1964), chancellor from 1953 to 1961. In 2013 a historians' commission listed the name as needing discussion: in 1928–1930 Raab led the anti-democratic Heimwehr in Lower Austria and repeatedly made anti-democratic and antisemitic remarks in public.