Malta's Cost of Living Adjustment (COLA) system, a mechanism designed to align wages with the evolving cost of living, has served as a fundamental component of the country’s employment landscape for decades. However, recent discussions have highlighted a pressing need for reform to ensure the system’s continued relevance and effectiveness. The Chamber of Small and Medium Enterprises (SMEs) has been at the forefront of advocating for these changes, arguing that a comprehensive overhaul is necessary to address the current shortcomings and to equitably distribute the financial burden associated with COLA adjustments....

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