Based on information it has, the Malta Chamber of Commerce, Enterprise and Industry has calculated that, the Cost of Living Adjustment (COLA) for 2019 will stand at €2.33 per week, with another weekly increase of €1.00 also applicable as a result of the National Minimum Wage Agreement signed in April 2017.
This means that the weekly wage is expected to increase by a total of €3.33, resulting in a yearly increase of €173.16.
In a note to its members, the Malta Chamber stated that this increase of €1 in 2019 will not be an additional increase in cases of collective agreements where the COLA is part of the overall agreed wage increase.
“As stated above, the figure of €2.33 is based on Chamber estimates. The official announcement will be made during the 2019 Budget speech on Monday 22nd October.”