The Nobel Prize is a set of annual international awards in several categories (Chemistry, Literature, Peace, Physics and Physiology or Medicine, Economics), given by Swedish and Norwegian institutions in recognition of academic, cultural or scientific advances.
The will of the Swedish scientist Alfred Nobel established the prizes in 1895.
The prize ceremonies take place annually in Stockholm, Sweden (with the exception of the peace prize, which is in Oslo, Norway). Each recipient, or laureate, receives a gold medal, a diploma, and a sum of money that has been decided by the Nobel Foundation. (As of 2017 €944,000).
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