In a move toward equitable compensation, public sector workers are set to benefit from a €6.41 weekly increase to bridge the gap between their collective agreements and the full Cost of Living Adjustment (COLA) amount. This development was confirmed in a joint statement issued by the Office of the Prime Minister, For.U.M, GWU, UHM, and CMTU. The adjustment aims to address the disparity between the financial package outlined in collective agreements and the actual COLA mechanism....
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Finance News, NEWS Malta
October 24, 2023
Malta’s Cost of Living Adjustment for 2024
Malta's Finance Minister, Clyde Caruana, unveiled the eagerly anticipated cost of living adjustment (COLA) for 2024. During a business breakfast organized by Times of Malta, he addressed a range of...
Finance News, NEWS Malta
October 24, 2023
A Closer Look at Malta’s Inflation Challenge
In recent times, the Maltese economy has been facing significant challenges, with inflation being a prominent concern. The annual inflation rate, as measured by the Retail Price Index (RPI), witnessed...
Finance News, NEWS Malta
September 27, 2023
Malta’s Economic Growth Forecast
Malta is poised to maintain a robust long-term economic growth trend of 4%, according to Finance Minister Clyde Caruana. Speaking during the launch of the public consultation for the government's...