12660. BUSINESS AND ECONOMIC CONDITIONS IN PORTUGAL. This paper provides an overview and analysis of doing business in Portugal from the perspective of the US-based foreign direct investor. Following an overview of Portugal's economic history and recent background, the investigation profiles accounting practices in Portugal and reviews the basic steps of organizing an investment; describes the current economic conditions; discusses international capital markets; and describes multinational corporation activities in Portugal. 18 pages, 35 footnotes, 18 bibliographic sources.