diff --git a/CHANGELOG.md b/CHANGELOG.md
index a1b989076..48de3c20b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,27 @@
+## v1.16.0 (13/06/2023)
+
+**Common**
+* Added `olp::http::CertificateSettings` struct to store custom certificate settings.
+* Added `olp::http::NetworkInitializationSettings` struct containing `olp::http::CertificateSettings` to be passed to `olp::http::CreateDefaultNetwork(..)`.
+* Deprecated `olp::http::CreateDefaultNetwork()`.  It will be removed by 05.2024. Use added `olp::http::CreateDefaultNetwork(..)` that take `olp::http::NetworkInitializationSettings` instead.
+* Added `olp::client::CreateDefaultNetworkRequestHandler(..)` that take `olp::http::NetworkInitializationSettings` as an argument.
+* Extended `olp::cache::CacheSettings` with `extend_permissions` option.
+* Extended `olp::http::NetworkSettings` with `GetMaxConnectionLifetime()` and `WithMaxConnectionLifetime(..)`.
+* Deprecated `GetRetries()` and `WithRetries(..)` in `olp::http::NetworkSettings`. They will be removed by 04.2024.
+* Extended `olp::http::NetworkSettings` with `GetConnectionTimeoutDuration()`, `WithConnectionTimeout(std::chrono::milliseconds timeout)`, `GetTransferTimeoutDuration()` and `WithTransferTimeout(std::chrono::milliseconds timeout)`.
+* Deprecated `GetConnectionTimeout()`, `WithConnectionTimeout(int timeout)`, `GetTransferTimeout()` and `WithTransferTimeout(int timeout)` in `olp::http::NetworkSettings`. They will be removed by 04.2024. Use methods that accept `std::chrono::milliseconds` instead.
+* Required TLS 1.2 or later for network connection.
+* Fixed CMake configuration failure when CMAKE_BUILD_TYPE CMake parameter is not set.
+
+**olp-cpp-sdk-authentication**
+* Removed deprecated `olp::authentication::AuthenticationError`. Use `client::ApiError` instead.
+* Removed deprecated `olp::authentication::AuthenticationClient::SignInGoogle`.
+* Removed deprecated `std::string olp::authentication::TokenProvider::operator()()`. Use the operator with `CancellationContext` instead.
+* Removed deprecated `olp::authentication::TokenResult::GetHttpStatus()`. Use `TokenResponse::GetError().GetHttpStatusCode()` instead.
+* Removed deprecated `olp::authentication::TokenResult::GetErrorResponse()`. Use `TokenResponse::GetError().GetMessage()` instead.
+* Removed deprecated `provider` and `cancel` from `olp::authentication::AuthenticationSettings`. Use `token_provider` instead.
+* Used thread safe time formatting functions in AutoRefreshingToken.
+
 ## v1.15.4 (13/03/2023)
 
 **Common**
diff --git a/CMakeLists.txt b/CMakeLists.txt
index bcc2d7ab9..63765ae72 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -18,7 +18,7 @@
 cmake_minimum_required(VERSION 3.9)
 
 # Build the sdk targets
-project(olp-cpp-sdk VERSION 1.15.4)
+project(olp-cpp-sdk VERSION 1.16.0)
 
 # Add preprocessor definitions for the SDK version and platform name
 add_definitions(-DOLP_SDK_VERSION_STRING=\"${olp-cpp-sdk_VERSION}\")
diff --git a/olp-cpp-sdk-authentication/CMakeLists.txt b/olp-cpp-sdk-authentication/CMakeLists.txt
index d8abb5c77..54be6e2c4 100644
--- a/olp-cpp-sdk-authentication/CMakeLists.txt
+++ b/olp-cpp-sdk-authentication/CMakeLists.txt
@@ -15,7 +15,7 @@
 # SPDX-License-Identifier: Apache-2.0
 # License-Filename: LICENSE
 
-project(olp-cpp-sdk-authentication VERSION 1.15.4)
+project(olp-cpp-sdk-authentication VERSION 1.16.0)
 set(DESCRIPTION "C++ API library for accesing HERE Account authentication service")
 
 file(GLOB_RECURSE AUTHENTICATION_INC "include/*.h*")
diff --git a/olp-cpp-sdk-core/CMakeLists.txt b/olp-cpp-sdk-core/CMakeLists.txt
index 2fab404ee..67be2c6e2 100644
--- a/olp-cpp-sdk-core/CMakeLists.txt
+++ b/olp-cpp-sdk-core/CMakeLists.txt
@@ -16,7 +16,7 @@
 # License-Filename: LICENSE
 
 
-project(olp-cpp-sdk-core VERSION 1.15.4)
+project(olp-cpp-sdk-core VERSION 1.16.0)
 set(DESCRIPTION "Core network and utility library for the HERE OLP SDK C++")
 
 find_package(RapidJSON 1.1.0 REQUIRED CMAKE_FIND_ROOT_PATH_BOTH)
diff --git a/olp-cpp-sdk-dataservice-read/CMakeLists.txt b/olp-cpp-sdk-dataservice-read/CMakeLists.txt
index fb1dc4878..8cce61650 100644
--- a/olp-cpp-sdk-dataservice-read/CMakeLists.txt
+++ b/olp-cpp-sdk-dataservice-read/CMakeLists.txt
@@ -15,7 +15,7 @@
 # SPDX-License-Identifier: Apache-2.0
 # License-Filename: LICENSE
 
-project(olp-cpp-sdk-dataservice-read VERSION 1.15.4)
+project(olp-cpp-sdk-dataservice-read VERSION 1.16.0)
 set(DESCRIPTION "C++ API library for reading OLP data")
 
 file(GLOB_RECURSE INC "include/*.h*")
diff --git a/olp-cpp-sdk-dataservice-write/CMakeLists.txt b/olp-cpp-sdk-dataservice-write/CMakeLists.txt
index 09d5bf56f..136560881 100644
--- a/olp-cpp-sdk-dataservice-write/CMakeLists.txt
+++ b/olp-cpp-sdk-dataservice-write/CMakeLists.txt
@@ -15,7 +15,7 @@
 # SPDX-License-Identifier: Apache-2.0
 # License-Filename: LICENSE
 
-project(olp-cpp-sdk-dataservice-write VERSION 1.15.4)
+project(olp-cpp-sdk-dataservice-write VERSION 1.16.0)
 set(DESCRIPTION "C++ API library for writing data to OLP")
 
 set(OLP_SDK_DATASERVICE_WRITE_API_HEADERS