Cola Increase 2024 Malta. Wages will increase by a minimum of €12.81 a week to reflect the inflation rate over the past year, thanks to the standardized annual cost of living adjustment. In 2023 and 2024 it results that the additional cola is €2.91 per week more than the result of the cola mechanism.

Minister for finance clyde caruana confirmed during a business breakfast event, organised by the times of malta (tom) that the cost of living adjustment. Explore how malta’s increased cost of living allowance (cola) in 2024 is affecting residents and businesses.