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New Academy Prize in Literature

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The New Academy Prize in Literature was established in 2018 as an alternative to the Nobel Prize in Literature , which was not awarded in 2018 and instead postponed until 2019. The winner was announced on 12 October 2018, the prize being given to the Guadeloupean-French author Maryse Condé , who was praised by the jury as a "grand storyteller [whose] authorship belongs to world literature, describing the ravages of colonialism and the postcolonial chaos in a language which is both precise and overwhelming."

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84-625: The New Academy was formed as non-profit organization in 2018, not affiliated with either the Nobel Foundation or the Swedish Academy , and was dissolved in December 2018, with its "alternative Nobel" remaining a one-off award. Following an open invitation to the world, calling for public votes for 47 candidates nominated by Swedish librarians, the New Academy announced that the four finalists for

168-476: A plague killed about 20,000 (36 percent) of the population. After the end of the Great Northern War the city stagnated; population growth halted and economic growth slowed. The city was in shock after having lost its place as the capital of a great power . However, Stockholm maintained its role as Sweden's political centre and continued to develop as the country's economic and cultural capital. During

252-554: A committee of five persons to be elected by the Norwegian Storting. It is my expressed wish that in awarding the prizes no consideration whatever shall be given to the nationality of the candidates, so that the most worthy shall receive the prize, whether he be Scandinavian or not. The executors of his will were Ragnar Sohlman and Rudolf Lilljequist who formed the Nobel Foundation to take care of Nobel's fortune and organize

336-727: A history going back to the conservatory founded as part of the Royal Swedish Academy of Music in 1771, the Royal University College of Fine Arts , which has a similar historical association with the Royal Swedish Academy of Arts and a foundation date of 1735, and the Swedish National Academy of Mime and Acting , which is the continuation of the school of the Royal Dramatic Theatre , once attended by renowned actors like Greta Garbo . Other schools include

420-465: A major European power, reflected in the development of the city of Stockholm. From 1610 to 1680 the population multiplied sixfold. In 1634, Stockholm became the official capital of the Swedish empire. Trading rules were also created that gave Stockholm an essential monopoly over trade between foreign merchants and other Swedish, Baltic and Scandinavian territories. In 1697, Tre Kronor Castle burned down and

504-456: A major armaments manufacturer, which he had redirected from its original business as an iron and steel mill. Nobel held 355 different patents, dynamite being the most famous. Nobel amassed a sizeable personal fortune during his lifetime, thanks mostly to this invention. In 1896 Nobel died of a stroke in his villa in San Remo , Italy where he had lived his final years. Nobel's will expressed

588-510: A modern and ethnically diverse city in the latter half of the 20th century. Many historical buildings were torn down during the modernist era, including substantial parts of the historical district of Klara (which caused major controversy), and replaced with modern architecture. However, in many other parts of Stockholm (such as in Gamla stan , Södermalm , Östermalm , Kungsholmen and Vasastan ), many older buildings, blocks and streets built before

672-689: A new Nobel prize, the Michael Nobel Energy Award , that will award innovations in alternative energy technology. It will be the first new Nobel prize established by the Nobel family since Alfred Nobel established his prizes. However, it will be awarded by the Nobel Charitable Trust and not by the Nobel Foundation, although both are organisations founded by the Nobel family. The plan was announced at nanoTX 07. The Nobel Foundation quickly reacted by threatening legal action for "clear misuse of

756-547: A request, to the surprise of many, that his money be used for prizes in physics , chemistry , peace , physiology or medicine and literature. Though Nobel wrote several wills during his lifetime, the last was written a little over a year before he died, and signed at the Swedish-Norwegian Club in Paris on 27 November 1895. Nobel bequeathed 94% of his total assets, 31 million Swedish kronor , to establish and endow

840-459: A result of this massive population growth, there has been a proposal to build densely packed high-rise buildings in the city centre connected by elevated walkways, though these have been opposed by several groups. Stockholm is located on Sweden's east coast at the 59th parallel north, where the freshwater Lake Mälaren —Sweden's third-largest lake—flows out into the Baltic Sea. The central parts of

924-761: A scale unprecedented since the reign of Queen Christina . During this time, Carl Michael Bellman and Joseph Martin Kraus helped develop the city's music, a process further accelerated by the founding of the Royal Swedish Opera . Various artists and writers became prominent, funded by the king and other cultural patrons like Carl Gustaf Tessin ; the two aforementioned figures laid the base for Sweden's Nationalmuseum at this time. Science also became prevalent; renowned figures like Carl Linnaeus and Anders Celsius spent time in Stockholm, and various research institutes, like

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1008-459: A similar latitude, or even farther south. With an average of 1900 hours of sunshine per year, it is also one of the sunniest cities in Northern Europe, receiving more sunshine than Paris, London and a few other major European cities of a more southerly latitude. Because of the urban heat island effect and the prevailing wind travelling overland rather than sea during summer months, Stockholm has

1092-570: Is Sweden's primary financial centre , one of the largest in Scandinavia, and hosts several of Sweden's largest companies. Furthermore, the headquarters of most of Sweden's largest banks are in Stockholm. Stockholm is one of Europe's major tech centres; the city has sometimes been called Europe's innovation hub. The Stockholm region has a GDP of around $ 180 billion, and Stockholm County has the highest GDP per capita of all counties in Sweden . Stockholm

1176-527: Is also responsible for financial administration and long-term development. The City Executive Board consists of 13 members, who represent both the majority and the opposition. Its meetings are not open to the public. Stockholm City Hall is one of the city's key landmarks, built in the National Romantic Style at the beginning of the twentieth century. Hosting the Nobel Prizes and the government of

1260-717: Is an administrative unit defined by geographical borders. The semi-official name for the municipality is City of Stockholm ( Stockholms stad in Swedish). As a municipality, the City of Stockholm is subdivided into district councils, which carry responsibility for primary schools, social, leisure and cultural services within their respective areas. The municipality is usually described in terms of its three main parts: Innerstaden ( Stockholm City Centre ), Söderort (Southern Stockholm) and Västerort (Western Stockholm). The districts of these parts are: The modern centre Norrmalm (concentrated around

1344-563: Is based on export-oriented services, often towards larger, nearby European markets like Poland or Germany. Tourism is a major industry in Stockholm. Research and higher education in the sciences started in Stockholm in the 18th century, with education in medicine and various research institutions such as the Stockholm Observatory . The medical education was eventually formalised in 1811 as Karolinska Institutet . KTH Royal Institute of Technology ( Swedish: Kungliga Tekniska högskolan )

1428-513: Is projected to reach 1,079,213 by 2030. Of the inhabitants, 482,982 were men and 492,569 women. The average age is 39 years; 40.1% of the population is between 20 and 44 years. The marimonial statistics are that 411,273 people, or 42.2% of the population, over the age 15 were unmarried; 268,291 people, or 27.5% of the population, were married; and 104,099 or 10.7% of the population, had been married but divorced. As of December 2021, there were 252,750 foreign-born people in Stockholm, making up 25.8% of

1512-569: Is the capital and most populous city of the Kingdom of Sweden , as well as the largest urban area in the Nordic countries . Approximately 1 million people live in the municipality , with 1.6 million in the urban area , and 2.4 million in the metropolitan area . The city stretches across fourteen islands where Lake Mälaren flows into the Baltic Sea . Outside the city to the east, and along

1596-525: Is the name of the local assembly. Its 101 councillors are elected concurrently with general elections , held at the same time as the elections to the Riksdag and county councils . The Council convenes twice every month at Stockholm City Hall , and the meetings are open to the public. The matters on which the councillors decide have generally already been drafted and discussed by various boards and committees. Once decisions are referred for practical implementation,

1680-721: Is the official residence and principal workplace of the Swedish monarch, while Drottningholm Palace in neighbouring Ekerö serves as the Royal Family 's private residence. Stockholm's location appears in Norse sagas as Agnafit , and in Heimskringla in connection with the legendary king Agne . Birka , located near Stockholm, was one Sweden's major trade centres during the Viking Age , and its restored remains are one of Stockholm County 's most-visited sites. The earliest written mention of

1764-739: Is the seat of the Swedish government and most of its agencies , including the highest courts in the judiciary , and the official residences of the Swedish monarch and the Prime Minister . The government has its seat in the Rosenbad building, the Riksdag (Swedish parliament) is seated in the Parliament House , and the Prime Minister's residence is adjacent at the Sager House . Stockholm Palace

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1848-427: Is to the Nobel, which counts among its 114 winners just 14 women", and also praised the nomination process of public votes: "How open. How inclusive." This article about a literary award is a stub . You can help Misplaced Pages by expanding it . Nobel Foundation The Nobel Foundation ( Swedish : Nobelstiftelsen ) is a private institution founded on 29 June 1900 to manage the finances and administration of

1932-456: The Age of Enlightenment in the late eighteenth century, the city flourished. The new monarch, Gustav III , proved an able and energetic regnant; his economic policies helped the Swedish economy develop, and his partially successful war against Russia restored some of Sweden's international reputation. The king was an avid patron of the arts, and scientists and cultural figures flocked to Stockholm on

2016-772: The Cold War in the 1980s. The Nobel Symposium Committee consists of members from the Nobel Committees in Chemistry, Literature, Peace, Physics, and Physiology or Medicine; the Prize Committee for Economics; the Bank of Sweden Tercentenary Foundation ; and the Wallenberg Foundation . In 2007, the Nobel Charitable Trust , founded by Michael Nobel , Gustaf Nobel , Peter Nobel , and Philip Nobel, announced their plans to establish

2100-630: The Hanseatic League . Stockholm developed strong economic and cultural linkages with Lübeck , Hamburg , Gdańsk (Danzig), Visby , Tallinn (Reval), and Riga during this time. The strategic and economic importance of the city made Stockholm an important factor in relations between the Danish Kings of the Kalmar Union and the Swedish national independence movement in the fifteenth century and early sixteenth century. The Danish King Christian II

2184-572: The King in Council and two deputies for the other members appointed by the trustees. Since 1995 all members of the board have been chosen by the trustees and the executive director and the deputy director appointed by the board itself. Apart from the board, the Nobel Foundation is made up of the prize-awarding institutions (the Royal Swedish Academy of Sciences , the Nobel Assembly , the Swedish Academy and

2268-535: The Nobel Prizes . The foundation is based on the last will of Alfred Nobel , the inventor of dynamite . It also holds Nobel Symposia on important breakthroughs in science and topics of cultural or social significance. Alfred Nobel ( Alfred Bernhard Nobel ; born 21 October 1833, in Stockholm , Sweden) was a chemist, engineer, innovator, armaments manufacturer and the inventor of dynamite . He owned Bofors ,

2352-595: The Norwegian Nobel Committee ), the trustees of the prize-awarding institutions and auditors. In 1965, the foundation initiated the Nobel Symposia, a program that holds symposia "devoted to areas of science where breakthroughs around the world are occurring or deal with other topics of primary cultural or social significance." The symposia has covered topics such as prostaglandins , chemical kinetics , diabetes mellitus , string theory , cosmology , and

2436-493: The Stockholm Observatory , were founded. The early nineteenth century saw a major economic decline of Stockholm and Sweden as a whole, but by the second half of the nineteenth century, Stockholm had regained its leading economic role. New industries emerged with industrialisation and Stockholm was transformed into an important trade and service centre as well as a key gateway point within Sweden. The population also grew dramatically during this time, mainly through immigration . At

2520-514: The Swedish Museum of Natural History , as well as the botanical garden Bergianska trädgården . The Stockholm School of Economics , founded in 1909, is one of the few private institutions of higher education in Sweden, and is generally reckoned one of the most prestigious business schools in the world. In the fine arts , educational institutions include the Royal College of Music , which has

2604-495: The 16th century. In 1625, the Great Stockholm Fire of 1625 destroyed the southwestern section of Stadsholmen , an island in the centre of Stockholm. The amount of destruction led to the beginning of the demolition of the Stockholm walls. Today, most of the younger city walls cannot be found anywhere above ground. However, parts of the northern city walls are preserved in the modern Museum of Medieval Stockholm . In 1710,

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2688-636: The City Executive Board. The Mayor holds a special position among the Vice Mayors, chairing both the Council of Mayors and the City Executive Board. The City Executive Board ( Swedish : Kommunstyrelsen ) is elected by the City Council and is equivalent to a cabinet . The City Executive Board renders an opinion in all matters decided by the council and bears the overall responsibility for follow-up, evaluation and execution of its decisions. The Board

2772-601: The European Union. The Stockholm Stock Exchange , founded in 1863, is the largest stock exchange in the Nordic Countries measured by market capitalisation, listing numerous multinational Swedish companies. Trade is a vital part of Stockholm's economy; the city's corporations are largely reliant on foreign consumers to supplement the small Swedish market. Stockholm is one of the Baltic Sea's larger ports, hosting especially cruise ships and yachts. Most of Stockholm's economy

2856-535: The Nobel Foundation was set up to carry out the provisions of his will and to administer his funds. In his will, he had stipulated that four different institutions—three Swedish and one Norwegian—should award the prizes. From Stockholm, the Royal Swedish Academy of Sciences confers the prizes for physics, chemistry, and economics, the Karolinska Institute confers the prize for physiology or medicine, and

2940-707: The Swedish Academy confers the prize for literature. The Norwegian Nobel Committee based in Oslo confers the prize for peace. The Nobel Foundation is the legal owner and functional administrator of the funds and serves as the joint administrative body of the prize-awarding institutions, but it is not concerned with the prize deliberations or decisions, which rest exclusively with the four institutions. 59°20′15″N 18°04′28″E  /  59.3376°N 18.0744°E  / 59.3376; 18.0744 Stockholm Stockholm ( Swedish: [ˈstɔ̂kː(h)ɔlm] )

3024-605: The annual Nobel Prize ceremonies and banquet at the Stockholm Concert Hall and Stockholm City Hall . One of the city's most prized museums, the Vasa Museum , is the most visited museum in Scandinavia. The Stockholm metro , opened in 1950, is well known for the decor of its stations; it has been called the longest art gallery in the world. The city was the host of the 1912 Summer Olympics , and has played host to several other international sports events since. Stockholm

3108-568: The autumn the leaves change color. During the winter months, the trees lose their leaves. For details about the other municipalities in the Stockholm area, see the pertinent articles. North of Stockholm Municipality: Järfälla , Solna , Täby , Sollentuna , Lidingö , Upplands Väsby , Österåker , Sigtuna , Sundbyberg , Danderyd , Vallentuna , Ekerö , Upplands-Bro , Vaxholm , and Norrtälje . South of Stockholm: Huddinge , Nacka , Botkyrka , Haninge , Tyresö , Värmdö , Södertälje , Salem , Nykvarn and Nynäshamn . Stockholm Municipality

3192-467: The awarding of the Nobel Prizes. The Nobel Foundation is not involved in the process of selecting the Nobel laureates. The Nobel Foundation invests money to maintain a funding base for the prizes and the administrative activities. The Nobel Foundation is exempt from all taxes in Sweden (since 1946) and from investment taxes in the United States (since 1953). At the beginning of the 1980s the award money

3276-565: The city consist of fourteen islands that are continuous with the Stockholm archipelago . The geographical city centre is situated on the water, in Riddarfjärden bay. Over 30% of the city area is made up of waterways and another 30% is made up of parks and green spaces. Positioned at the eastern end of the Central Swedish lowland and near the Bergslagen region, the city's location reflects

3360-451: The city is said to have been founded by Birger Jarl to protect Sweden from sea invasions made by Karelians after the pillage of Sigtuna on Lake Mälaren in the summer of 1187. Stockholm's core, the present Old Town ( Gamla Stan ) was built on the central island next to Helgeandsholmen from the mid-13th century onward. The city originally rose to prominence as a result of the Baltic trade of

3444-519: The city of Stockholm, it is one of Sweden's most important buildings. As the primary financial centre in Sweden, Stockholm is an influential hub for trade, finance and technology in Europe , and one of Scandinavia's largest financial centres. The Stockholm region is the leading region in Sweden by both GDP and GDP per capita, and is amongst the ten wealthiest regions in the European Union when measured by

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3528-450: The coast, is the island chain of the Stockholm archipelago . The area has been settled since the Stone Age , in the 6th millennium BC, and was founded as a city in 1252 by Swedish statesman Birger Jarl . The city serves as the county seat of Stockholm County . Stockholm is the cultural, media, political, and economic centre of Sweden. The Stockholm region alone accounts for over a third of

3612-556: The country's GDP , and is among the top 10 regions in Europe by GDP per capita . Considered a global city , it is the largest in Scandinavia and the main centre for corporate headquarters in the Nordic region. The city is home to some of Europe's top-ranking universities, such as the Karolinska Institute (medicine), KTH Royal Institute of Technology , Stockholm School of Economics and Stockholm University . It hosts

3696-415: The current municipal area. In the ensuing decades several other areas were incorporated (such as Brännkyrka Municipality in 1913, at which time it had 25,000 inhabitants, and Spånga in 1949). The municipal border was established in 1971; with the exception of Hansta, in 1982 purchased by Stockholm Municipality from Sollentuna Municipality and today a nature reserve. The population was 984,748 in 2022 and

3780-616: The design school Konstfack , founded in 1844, the University College of Opera (founded in 1968 but with older roots), the University College of Dance , and the Stockholms Musikpedagogiska Institut (the University College of Music Education). The Södertörn University was founded in 1995 as a multi-disciplinary institution for southern Metropolitan Stockholm , to balance the many institutions located in

3864-627: The early orientation of Swedish trade toward the Baltic region. Stockholm belongs to the Temperate deciduous forest biome, which means the climate is very similar to that of the far northeastern area of the United States and coastal Nova Scotia in Canada . The average annual temperature is 7.9 °C (46 °F). The average rainfall is 531 mm (21 in) per year. The deciduous forest has four distinct seasons, spring, summer, autumn, and winter. In

3948-495: The employees of the City administrations and companies take over. The elected majority has a Mayor and eight Vice Mayors. The Mayor and each majority Vice Mayor is the head of a department, with responsibility for a particular area of operation, such as City Planning. The opposition also has four Vice Mayors, but they hold no executive power. Together the Mayor and the 12 Vice Mayors form the Council of Mayors, and they prepare matters for

4032-496: The end of the nineteenth century, less than 40% of the residents were Stockholm-born, with most migrants being from poorer rural Sweden; major settlement began to expand outside the historical city limits. The nineteenth century also saw the establishment of a number of scientific institutes and universities, including the Karolinska Institutet and KTH Royal Institute of Technology . The General Art and Industrial Exposition

4116-540: The five Nobel Prizes. (As of 2024 that equates to 266 million US dollars.) The whole of my remaining realizable estate shall be dealt with in the following way: The capital shall be invested by my executors in safe securities and shall constitute a fund, the interest on which shall be annually distributed in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit on mankind. The said interest shall be divided into five equal parts, which shall be apportioned as follows: one part to

4200-458: The lack of student accommodations, the difficulty in finding other accommodations and the high rent. The Stockholm region is home to around 22% of Sweden's total population, and accounts for about 29% of its gross domestic product . The geographical notion of "Stockholm" has changed over time. By the turn of the 19th century, Stockholm largely consisted of the area today known as City Centre, roughly 35 km (14 sq mi) or one-fifth of

4284-495: The largest investment firms in Europe are headquartered in the city, including Investor AB and Nordstjernan ; also headquartered in Stockholm is EQT AB . Stockholm is one of continental Europe's leading hubs for the technology industry; this influential industry is based in Kista , a suburb in northern Stockholm which is Europe's largest Informations and Technology cluster. Stockholm has

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4368-561: The latter. Many of Sweden's largest companies are headquartered in the city; they are drawn by its central location, skilled workforce and preeminent financial sector. These companies include some of the Nordic region 's most valuable corporations, like Ericsson , which is one of the world's largest telecommunications companies, or Atlas Copco , which is one of the world's largest industrial companies; other large companies based in Stockholm include Electrolux , H&M and Securitas AB . Some of

4452-404: The modernism and functionalism movements survived this era of demolition. Throughout the century, many industries shifted away from industrial activities into more high-tech and service industry areas, which still dominate the city's economy today. Stockholm's metropolitan area has become one of the fastest-growing regions in Europe. In 2020 alone, Stockholm's population increased by 1,477. As

4536-435: The most precipitation falling in December and January (as either rain or snow). The average winter temperatures range from −3 to −1 °C (27 to 30 °F), and occasionally drop below −20 °C (−4 °F) in the outskirts of the city. Spring and autumn are generally cool to mild. The climate table below presents weather data from the years 1991–2020. According to ongoing measurements, the temperature has increased during

4620-437: The name Stockholm dates from 1252, by which time the mines in Bergslagen made it an important site in the iron trade. The first part of the name ( stock ) means log in Swedish, although it may also be connected to an old German word ( Stock ) meaning fortification . The second part of the name ( holm ) means islet and is thought to refer to the islet Helgeandsholmen in central Stockholm. According to Erik's Chronicle

4704-744: The northern part of the region. Other institutes of higher education include the Military Academy Karlberg , the world's oldest military academy to remain in its original location, inaugurated in 1792 and housed in Karlberg Palace ; there is also the Swedish Defence University , Ersta Sköndal University College , Swedish School of Sport and Health Sciences and the University College Stockholm . The biggest complaints from students of higher education in Stockholm are

4788-426: The number of daylight hours is relatively small during winter – about six hours – while in June and the first half of July, the nights are relatively short, with about 18 hours of daylight. Due to its eastern position within Sweden's respective time zone, sunsets occur as early as 2:46 PM in mid-December. Around the summer solstice the sun never reaches further below the horizon than 7.3 degrees. This gives

4872-448: The ongoing present. Respectfully and with humour she narrates the postcolonial insanity disruption and abuse but also human solidarity and warmth The dead live in her stories closely to the living in a multitudinous world where gender race and class are constantly turned over in new constellations." Maryse Condé received the prize on 10 December 2018 at a ceremony at Berns salonger in Stockholm . The prize sum, 320 000 Swedish crowns,

4956-413: The people of Guadeloupe, saying: "We are such a small country, only mentioned when there are hurricanes or earthquakes and things like that. Now we are so happy to be recognised for something else." The establishment of the prize caused several negative reactions in Swedish media, some criticizing the New Academy's intention to award "morally good literature" and cultural journalist Göran Sommardal called

5040-447: The person who shall have done the most or the best work for fraternity among nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses. The prizes for physics and chemistry shall be awarded by the Swedish Academy of Sciences; that for physiological or medical works by Karolinska Institutet in Stockholm; that for literature by the Academy in Stockholm; and that for champions of peace by

5124-458: The person who shall have made the most important discovery or invention within the field of physics; one part to the person who shall have made the most important chemical discovery or improvement; one part to the person who shall have made the most important discovery within the domain of physiology or medicine; one part to the person who shall have produced in the field of literature the most outstanding work of an idealistic tendency; and one part to

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5208-486: The prize "pathetic". Swedish author Ulf Lundell , himself one of the 47 nominees for the prize, said he thought that "no author of any self-preservation will accept it". Internationally, reactions were more positive, Alison Flood wrote in The Guardian : "Perhaps the most striking detail of all is found not in the names, but the fine print. The New Academy is enforcing a gender quota on the shortlist stage, stipulating that it comprises two men and two women. How different this

5292-431: The prize were Maryse Condé , Neil Gaiman , Haruki Murakami , and Kim Thúy . There were 12 nominees each from Sweden and the United States, five from United Kingdom, three each from France and Canada, and two each from Italy and Nigeria. On 17 September 2018, Murakami requested that his nomination be withdrawn, saying he wanted to "concentrate on writing, away from media attention." The New Academy Prize in Literature

5376-489: The prizes. Although Nobel's will established the prizes, his plan was incomplete and, because of various other hurdles, it took five years before the Nobel Foundation could be established and the first prizes could be awarded on 10 December 1901 to, among others, Wilhelm Conrad Röntgen . As of 31 December 2020, the assets controlled by the Nobel Foundation amounted to 5.2 billion Swedish kronor (approx. US$ 630 million as of 31 December 2020). The Nobel Foundation

5460-403: The queen for several years prior to his death. Inventors, like Christopher Polhem , moved to the city during the time of the Swedish Empire. Academics also spent much time in Stockholm, like Olaus Rudbeck , rector of the Uppsala University . Throughout Sweden's history, walls were created in Stockholm to defend the city from attacks. These defensive walls were modified throughout the 13th to

5544-451: The reputation and goodwill of the Nobel Prize and the associations of integrity and eminence that has been created over time and through the efforts of the Nobel Committees". The director, Michael Sohlman, of the Nobel Foundation and the elected head of the Nobel family disapproved to the institution of the so-called 'Dr. Michael Nobel Award' as well as the Nobel Charitable Trust (NCT) and Nobel Family Benevolent society. After Nobel's death,

5628-547: The second most unicorns per capita in the world, after Silicon Valley; the city also has one of the highest startup rates in Europe. Prominent startup technology companies in Stockholm include Mojang , Spotify and Klarna ; the latter two either have been or are among the largest startup companies in the world. Most of Sweden's largest banks are headquartered in the city, including the SEB Group , Handelsbanken and Swedbank ; Nordea had its headquarters in Stockholm until moving to Helsinki in 2018 for legal reasons involving

5712-433: The sky a bright blue colour in summer once the sun has set because it does not get any darker than nautical twilight . Also, when looking straight up towards the zenith , few stars are visible after the sun has gone down. This is not to be confused with the midnight sun , which occurs north of the Arctic Circle , around 7 degrees farther north. The Stockholm Municipal Council ( Swedish : Stockholms kommunfullmäktige )

5796-400: The town square Sergels torg ) is the largest shopping district in Sweden . It is the most central part of Stockholm in business and shopping. Stockholm has a humid continental climate in the 0 °C isotherm ( Köppen : Dfb ) bordering on an oceanic climate ( Cfb ) in the -3 °C isotherm. Although winters are cold, average temperatures generally remain above 0 °C for much of

5880-814: The warmest July months of the Nordic capitals. Stockholm has an annual average snow cover between 75 and 100 days. Despite its mild climate, Stockholm is located further north than parts of Canada that are above the Arctic tree line at sea level. Summers average daytime high temperatures of 20–25 °C (68–77 °F) and lows of around 13 °C (55 °F), but temperatures can reach 30 °C (86 °F) on some days. Days above 30 °C (86 °F) occur on average 1.55 days per year (1992–2011). Days between 25 °C (77 °F) and 30 °C (86 °F) are relatively common especially in July and August. Night-time lows of above 20 °C (68 °F) are rare, and hot summer nights vary from 17 to 18 °C (63 to 64 °F). Winters generally bring cloudy weather with

5964-399: The year. Summers are pleasantly warm, and precipitation occurs throughout the year. Due to the city's high northerly latitude, the length of the day varies widely from more than 18 hours around midsummer to only around 6 hours in late December. The nights from late May until mid-July are not completely dark even when cloudy. Stockholm has relatively mild weather compared to other locations at

6048-453: The year. The precipitation is not uniformly distributed throughout the year. The second half of the year receives 50% more than the first half. Snowfall occurs mainly from December through March. Snowfall may occasionally occur in late October as well as in April. In Stockholm, the aurora borealis can occasionally be observed. Stockholm's location just south of the 60th parallel north means that

6132-501: The years 1991–2020 as compared with the last series, from 1961 to 1990. This increase averages about 1.0 °C (1.8 °F) over all months. Warming is most pronounced during the winter months, with an increase of more than 2.0 °C (3.6 °F) in January. For the 2002–2014 measurements some further increases have been found, although some months such as June have been relatively flat. The highest temperature ever recorded in Stockholm

6216-411: Was 1 million SEK but in 2008 the award money had increased to 10 million SEK . According to the statutes the foundation should consist of a Board of five men, with its seat in Stockholm . The Chairman of the board should be appointed by the King in Council . The other four members should be appointed by the trustees of the prize-awarding institutions. A deputy director should be appointed by

6300-464: Was 36 °C (97 °F) on 3 July 1811; the lowest was −32 °C (−26 °F) on 20 January 1814. The temperature has not dropped to below −25.1 °C (−13.2 °F) since 10 January 1987. The warmest month ever recorded was July 2018 with a mean temperature of 22.5 °C (72.5 °F) which is also the nationwide record. Annual precipitation is 546.4 mm (21.51 in) with around 170 wet days and light to moderate rainfall throughout

6384-587: Was able to enter the city in 1520 and on 8 November of that year, a massacre of opposition figures called the Stockholm Bloodbath took place and set off further uprisings that eventually led to the breakup of the Kalmar Union with the attainment of Swedish independence. With the accession of Gustav Vasa in 1523 and the establishment of royal power, the population of Stockholm began to grow, reaching 10,000 by 1600. The seventeenth century saw Sweden grow into

6468-476: Was awarded to Maryse Condé . The jury said in its citation: "Maryse Condé is a grand storyteller. Her authorship belongs to world literature. In her work, she describes the ravages of colonialism and the postcolonial chaos in a language which is both precise and overwhelming. The magic the dream and the terror is as also love constantly present. Fiction and reality overlap each other and people live as much in an imagined world with long and complicated traditions as

6552-459: Was created through crowdfunding and sponsorship . Condé, a writer from Guadeloupe , was particularly noted for her novels Segu (1984), Tree of Life: A Novel of the Caribbean (1987) and Windward Heights (1995). When Condé died in 2024, The Guardian obituary of her noted that she had considered this award an especially important achievement and that she had dedicated the prize to all

6636-463: Was founded as a private organisation on 29 June 1900 specifically to manage the finances and administration of the Nobel Prizes. It is based on Nobel's last will and testament. At the time Nobel's will led to much skepticism and criticism and thus it was not until 26 April 1897 that his will was approved by the Storting . Soon thereafter they appointed the members of the Norwegian Nobel Committee that

6720-467: Was founded in 1827 and is Scandinavia's largest higher education institute of technology with 13,000 students; it is Sweden's foremost polytechnic, and spearheaded several governmental research projects in the twentieth century. Stockholm University , founded in 1878 with university status granted in 1960, has 52,000 students as of 2008 . It also incorporates historical institutions, such as the Observatory,

6804-486: Was held in 1897, drawing international attention. From 1887 to 1953 the Old Stockholm telephone tower was a landmark; originally built to link phone lines, it became redundant after these were buried, and it was later used for advertising before its demolition in the twentieth century. The early twentieth century also saw the creation of the Nobel Prizes , some of Stockholm's most renowned institutions. Stockholm became

6888-529: Was replaced eventually by Stockholm Palace ; the time of the Swedish Empire also saw several architectural modernisations of the city. The beginning of the Swedish Empire saw a renaissance in the arts and sciences; the new queen, Christina , was a strong supporter of science and culture. Réne Descartes , one of the most prominent European philosophers of his time, died in Stockholm; he had been hosted by

6972-536: Was split between the two countries. Norway's Nobel Committee became the awarder of the Peace Prize while Sweden became the awarder of the other prizes. In accordance with Nobel's will, the primary task of the Nobel Foundation is to manage the fortune Nobel left after him in a fund. The Nobel Foundation also represents the Nobel Prize to the outside world and takes charge of informal activities and issues related to

7056-475: Was to award the Peace Prize . Shortly after, the other prize-awarding organizations followed; Karolinska Institutet on 7 June, the Swedish Academy on 9 June and the Royal Swedish Academy of Sciences on 11 June. In 1900 the Nobel Foundation's newly created statutes were promulgated by King Oscar II . In 1905 the Union between Sweden and Norway was dissolved which meant the responsibility for awarding Nobel Prizes

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