Description:
"McDonald's Prasentiert: Seifenblasen-Spiel Soap Bubble Game"

This set of three McDonald's characters (Ronald McDonald, Birdie, and Hamburglar) were distributed at McDonald's restaurants in Germany and France in 1994. The hats, which screw off, have attached bubble wands.

Some ebay sale prices -
... In 1997, a complete set sold for $10.
... In 2005, complete set sold for $2.50 + $3 s/h
... Another in 2005 didn't sell for $7 plus $4 s/h