diff --git a/python/setup.py b/python/setup.py
index 7bf38e2c7..9e60b1fed 100644
--- a/python/setup.py
+++ b/python/setup.py
@@ -34,8 +34,8 @@
 #################
 
 VERSION_MAJOR = 0
-VERSION_MINOR = 6
-VERSION_PATCH = 5
+VERSION_MINOR = 7
+VERSION_PATCH = 0
 VERSION_DEV = 0
 IS_RELEASED = False
 
diff --git a/rust/Cargo.toml b/rust/Cargo.toml
index c7b91cd8a..69362b1b1 100644
--- a/rust/Cargo.toml
+++ b/rust/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "keyvi"
-version = "0.6.5"
+version = "0.7.0"
 build = "build.rs"
 authors = ["Hendrik Muhs<hendrik.muhs@gmail.com>", "Narek Gharibyan <narekgharibyan@gmail.com>", "Subu <subu@cliqz.com>"]
 license = "Apache-2.0"
@@ -21,4 +21,4 @@ rayon = "0.9"
 rand = ">=0.4"
 snap = "1.1"
 zstd = "0.13"
-flate2 = "1.0"
\ No newline at end of file
+flate2 = "1.0"