This document describes statistical named entity recognition for Hungarian texts. The authors created a corpus of Hungarian news articles annotated with named entity tags. They used a rich set of 225 linguistic features to train support vector machines, neural networks, and decision trees. Their best model achieved an F-measure of 93.59% for term-level named entity recognition and 90.57% for phrase-level, outperforming prior rule-based systems for Hungarian. Feature selection helped reduce the feature set to 135 while maintaining high performance.