KYIV, Oct 12 – Companies of industries, where the cost of goods is at least 7% of the price of gas, will be unprofitable in November at current prices per cubic meter of gas, and shutdowns of enterprises and a decrease in capacity are expected in November-December, Chairman of the Council of Federation of Employers of Ukraine (FEU) Dmytro Oliynyk said.

"In August, the gas price reached a turning point, it reached UAH 14,000 per thousand cubic meters. In September, about 40% of the studied industries were unprofitable due to the high gas price, and in October, losses are expected to show 60%. At the current gas price, 100% of the studied industries will be unprofitable," Oliynyk said in a commentary to Interfax-Ukraine on Friday on the sidelines of the Kyiv International Economic Forum.