KIEV, April 26 – A slight rise in GDP in annual terms is expected in Ukraine for Q1, according to a report from the National Bank of Ukraine.

"A further recovery of economic activity, in particular, a slight increase in GDP in annual terms will be observed in the first quarter of 2016 as expected," reads the document, the text of which has been posted on the National Bank's website.

"Although expectations as for the price situation in the world commodity markets have improved, their impact might be offset by the deterioration of business expectations and investors' sentiment amidst political uncertainty in the first quarter of 2016 and delays in the resumption of cooperation with the IMF. We estimate the risks of GDP forecast as symmetric," reads the report.