Cola 2024 Malta. September 13, 2024 at 3:04 pm. The allowance was introduced to provide additional income to workers to help them cope with rising living costs, particularly in relation to the cost of essential goods and services.
In 2023 and 2024 it results that the additional cola is €2.91 per week more than the result of the cola mechanism. In malta, the adjustment to the cost of living (cola) is usually announced during the yearly national budgetary speech and comes into effect in january of the following year.