diff --git a/DESCRIPTION b/DESCRIPTION
index 7435b23..47056e3 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: bayesianVARs
 Title: MCMC Estimation of Bayesian Vectorautoregressions
-Version: 0.1.1.9000
+Version: 0.1.2
 Authors@R: c(
     person("Luis", "Gruber", , "Luis.Gruber@aau.at", role = c("cph", "aut", "cre"),
            comment = c(ORCID = "0000-0002-2399-738X")),
diff --git a/NEWS.md b/NEWS.md
index 962e5a1..d30fc85 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# bayesianVARs (development version)
+# bayesianVARs 0.1.2
 
 * Added minimum version to factorstochvol in the Imports field of the DESCRIPTION file in order to avoid unnecessary building errors. Thanks to Sergey Fedorov for pointing this out.
 * vcov.bayesianVARs_bvar method now can be specified for specific time-points.