The first festival was arranged in 1998. In the events of the festival writers from Panevėžys and its regions, biggest Lithuania cities and foreign countries participate. Each year the event gathers approximately 50 word masters, literature critics and music performers. Traditionally there are literature prizes presented. Writers get the premiums for the newest and most original works created during the last two years and presented to the society in the festival “Panevėžio literatūrinė žiema“. There is also an award that is dedicated for the young poets and writers.