diff --git a/CMakeLists.txt b/CMakeLists.txt
index 57221249d1f0390ae8ce809306ee1f4ba431be76..87fdee39aa6621d671f249224b8ed0e1fa58de93 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -14,7 +14,7 @@ find_package(PkgConfig REQUIRED)
 #------------------------------------------------------
 
 # custom variable allowing to define version suffixes such as -rc*, -beta*, ...
-set(PUGS_VERSION "0.4.1")
+set(PUGS_VERSION "0.5.0")
 
 # deduce PUGS_SHORT_VERSION using regex
 string(REGEX MATCH "^[0-9]+\.[0-9]+\.[0-9]+" PUGS_SHORT_VERSION ${PUGS_VERSION})