Construction of the Hungarian EuroWordNet ontology and its application to information extraction

This report describes a recent Hungarian project begun in the spring of 2005. The goals of the project are to produce a Hungarian version of the EuroWordNet ontology database, to extend it with concepts specific to the business domain, and to develop a demonstration version of an ontology-based Information Extraction (IE) system. The system will extract condensed data from short business articles concerning company mergers, acquisitions, balance reports, new products, new plants and so on. A consortium of three leading Hungarian human language technology institutions won substantial governmental support that will last until 2007.