“The Board of Directors of the Nobel Foundation decided at its meeting on September 14 that the 2017 Nobel Prize will amount to SEK 9 million ($1.1 million, 944.000 euros) per prize category,” the private institution based in Stockholm said in a statement.
In 2012, the cash award was reduced by 20 percent to 8 million
“Although continued actions will be needed in order to strengthen the Foundation’s finances on a long-term basis, the situation is now regarded as having
The monetary award given to the Nobel laureates comes from the fund left by the prizes’ founder, Alfred Nobel, a Swedish scientist who invented dynamite.
The Nobel prize for medicine, traditionally the first one awarded each year, will be announced on October 2, followed by physics and chemistry over the next two days.
The Nobel Peace Prize will be revealed on October 6. No date has been set yet for the literature prize. DM
"Day and night we are watching over your welfare. It is for your sake that we drink that milk and eat those apples. Do you know what would happen if we pigs failed in our duty? Jones would come back! Yes, Jones would come back! Surely comrades." ~ George Orwell