Awards: Nobel Prizes are worth more this year
The Nobel Prizes are among the most important awards in the world. Last year, each prize was endowed with 11 million Swedish kronor. Now the Nobel Foundation has added to that.
The Nobel Foundation has increased the prize money for this year's Nobel Prizes to 12 million Swedish kronor, equivalent to around 1.06 million euros. This is an increase of around 65,000 euros from last year's prize money of 11 million kronor. The Nobel Prizes, established by Alfred Nobel, are awarded annually in the categories of Medicine, Physics, Chemistry, Literature, and Peace, as well as an Economics prize sponsored by the Swedish central bank.
The winners will be announced in early October and the prizes will be awarded on December 10, Nobel's death anniversary, in Stockholm and Oslo.
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