Cola Increase 2024 Malta Government. Until 2027, minimum wage will increase to between €12 and €18 per week, in addition to the statutory cost of living adjustment (cola). The amount of €6.41 per week will be added to the collective agreement increase for the year 2024, reflecting the effect of the cola of €12.81 per week.
Each year, during malta’s budget speech, the government announces a minimum increase in salary. This is referred to as cola (cost of living adjustment), and the.