The Nobel Prizes (Swedish: sing., Nobelpriset; pl., Nobelprisen, Norwegian: Nobelprisen) are annual international awards bestowed by Scandinavian committees in recognition of cultural and scientific advances. They were established in 1895 by the Swedish chemist Alfred Nobel, the inventor of dynamite. The prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace were first awarded in 1901. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was instituted by Sveriges Riksbank in 1968 and first awarded in 1969. Although this is not technically a Nobel Prize, its announcements and presentations are made along with the other prizes. Each Nobel Prize is widely regarded as the most prestigious award in its field.
