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Their possible return to Ukraine after a peace deal is reached would be a snag in what is otherwise good news for the region.

"Demography is a risk, and it's one that a resolution of the war in Ukraine will make worse, because some of those Ukrainians will go back home," Charlotte Ruhe, managing director for Central and South Eastern Europe at the European Bank of Reconstruction and Development said at the Invisso Central and Eastern European Forum in Vienna.

 

"Part of the economic success in many countries is linked to Ukrainians who moved there over the last two years," Christian Petter, head of Austria and CEE with J. Safra Sarasin, said at the summit.

"Now, with the war hopefully being finished, of course, there is a big chance that these people will return to Ukraine and [leave a gap in] labour markets like in Prague, in Bratislava, in Warsaw, and will be a challenge to be replaced."