Nobel Prize

Nobel Prize is the first international award for achievements in physics, chemistry, medicine, literature and for peace. Each prize consists of a medal, personal diploma, and prize amount. Based on the will of Alfred Nobel, the Nobel Prize is given every year since 1901. Nobel Prize in economics is awarded since 1968.

Until 1968, in principle more than three persons could share a Nobel Prize but it never happened in practice.

Originally, a person could be awarded a prize posthumously if he/she had already been nominated before February 1 of the same year. Since 1974, the Nobel Prize may only be given to a deceased person to whom it was already awarded (usually in October) but who had died before he/she could receive the prize on December 10.