diff --git a/dvc/__init__.py b/dvc/__init__.py
index 91d4356f7..818a7b1ce 100644
--- a/dvc/__init__.py
+++ b/dvc/__init__.py
@@ -10,7 +10,7 @@ import os
 import warnings
 
 
-VERSION_BASE = "0.33.1"
+VERSION_BASE = "0.34.0"
 __version__ = VERSION_BASE
 
 PACKAGEPATH = os.path.abspath(os.path.dirname(__file__))