<P> The interval between the award and the accomplishment it recognises varies from discipline to discipline . The Literature Prize is typically awarded to recognise a cumulative lifetime body of work rather than a single achievement . The Peace Prize can also be awarded for a lifetime body of work . For example, 2008 laureate Martti Ahtisaari was awarded for his work to resolve international conflicts . However, they can also be awarded for specific recent events . For instance, Kofi Annan was awarded the 2001 Peace Prize just four years after becoming the Secretary - General of the United Nations . Similarly Yasser Arafat, Yitzhak Rabin, and Shimon Peres received the 1994 award, about a year after they successfully concluded the Oslo Accords . </P> <P> Awards for physics, chemistry, and medicine are typically awarded once the achievement has been widely accepted . Sometimes, this takes decades--for example, Subrahmanyan Chandrasekhar shared the 1983 Physics Prize for his 1930s work on stellar structure and evolution . Not all scientists live long enough for their work to be recognised . Some discoveries can never be considered for a prize if their impact is realised after the discoverers have died . </P> <P> Except for the Peace Prize, the Nobel Prizes are presented in Stockholm, Sweden, at the annual Prize Award Ceremony on 10 December, the anniversary of Nobel's death . The recipients' lectures are normally held in the days prior to the award ceremony . The Peace Prize and its recipients' lectures are presented at the annual Prize Award Ceremony in Oslo, Norway, usually on 10 December . The award ceremonies and the associated banquets are typically major international events . The Prizes awarded in Sweden's ceremonies' are held at the Stockholm Concert Hall, with the Nobel banquet following immediately at Stockholm City Hall . The Nobel Peace Prize ceremony has been held at the Norwegian Nobel Institute (1905--1946), at the auditorium of the University of Oslo (1947--1989), and at Oslo City Hall (1990--present). </P> <P> The highlight of the Nobel Prize Award Ceremony in Stockholm occurs when each Nobel laureate steps forward to receive the prize from the hands of the King of Sweden . In Oslo, the Chairman of the Norwegian Nobel Committee presents the Nobel Peace Prize in the presence of the King of Norway . At first, King Oscar II did not approve of awarding grand prizes to foreigners . It is said that he changed his mind once his attention had been drawn to the publicity value of the prizes for Sweden . </P>

When is the nobel peace prize awarded each year