YEREVAN.- National Academy of Sciences of Armenia and Roskosmos, the Russian Federal Space Agency, will sign an agreement to conduct space debris research.

The document will be signed by the Armenian side in August, Hayk Harutunyan, Director of the Byurakan Observatory told journalists on Friday.

Director of the observatory also said they plan to begin work on modernization of large telescopes of the Byurakan Observatory next year.

About 2 million euros will be supposedly allocated to the project.