Cola Increase 2024 Malta India. Each year, an increase in. Each year, an increase in the weekly salary of all employees is announced during the budget, referred to as the cost of living adjustment (cola) mechanism.

Explore how malta’s increased cost of living allowance (cola) in 2024 is affecting residents and businesses. Workers will be receiving a statutory wage increase of €9.90 per week from january, the highest cost of living increase in more than two decades.