Cola Bonus Malta 2024
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. Finance minister clyde caruana presented malta’s 2024 budget on 30 th october against the backdrop of several global economic factors.
For the upcoming year the minimum weekly wage will increase to €213.54 (including cola). 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.