diff --git a/modules/openvino_code/package-lock.json b/modules/openvino_code/package-lock.json
index a01486fcc..95b256e56 100644
--- a/modules/openvino_code/package-lock.json
+++ b/modules/openvino_code/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "openvino-code-completion",
-  "version": "0.2.1",
+  "version": "0.2.2",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "openvino-code-completion",
-      "version": "0.2.1",
+      "version": "0.2.2",
       "license": "https://github.com/openvinotoolkit/openvino_contrib/blob/master/LICENSE",
       "workspaces": [
         "side-panel-ui"
@@ -7416,9 +7416,9 @@
       "dev": true
     },
     "node_modules/vite": {
-      "version": "4.5.5",
-      "resolved": "https://registry.npmjs.org/vite/-/vite-4.5.5.tgz",
-      "integrity": "sha512-ifW3Lb2sMdX+WU91s3R0FyQlAyLxOzCSCP37ujw0+r5POeHPwe6udWVIElKQq8gk3t7b8rkmvqC6IHBpCff4GQ==",
+      "version": "4.5.9",
+      "resolved": "https://registry.npmjs.org/vite/-/vite-4.5.9.tgz",
+      "integrity": "sha512-qK9W4xjgD3gXbC0NmdNFFnVFLMWSNiR3swj957yutwzzN16xF/E7nmtAyp1rT9hviDroQANjE4HK3H4WqWdFtw==",
       "dev": true,
       "license": "MIT",
       "dependencies": {
diff --git a/modules/openvino_code/package.json b/modules/openvino_code/package.json
index 0ddb16e75..13f7c72a0 100644
--- a/modules/openvino_code/package.json
+++ b/modules/openvino_code/package.json
@@ -1,7 +1,7 @@
 {
   "publisher": "OpenVINO",
   "name": "openvino-code-completion",
-  "version": "0.2.1",
+  "version": "0.2.2",
   "displayName": "OpenVINO Code Completion",
   "description": "VSCode extension for AI code completion with OpenVINO",
   "icon": "media/logo.png",
diff --git a/modules/openvino_code/server/pyproject.toml b/modules/openvino_code/server/pyproject.toml
index 50389d4b6..5e3c2ee52 100644
--- a/modules/openvino_code/server/pyproject.toml
+++ b/modules/openvino_code/server/pyproject.toml
@@ -11,8 +11,8 @@ dependencies = [
     'torch @ https://download.pytorch.org/whl/cpu-cxx11-abi/torch-2.0.1%2Bcpu.cxx11.abi-cp310-cp310-linux_x86_64.whl ; sys_platform=="linux" and python_version == "3.10"',
     'torch @ https://download.pytorch.org/whl/cpu-cxx11-abi/torch-2.0.1%2Bcpu.cxx11.abi-cp311-cp311-linux_x86_64.whl ; sys_platform=="linux" and python_version == "3.11"',
     'torch ; sys_platform != "linux"',
-    'openvino==2024.5.0',
-    'transformers==4.46.0',
+    'openvino==2024.6.0',
+    'transformers==4.48.0',
     'optimum==1.23.3',
     'optimum-intel[openvino]==1.15.0',
 ]