YEREVAN. – Russia’s state-controlled Rostelecom plans to invest $26 million in Armenia by 2017, company’s president Sergey Kalugin said in Yerevan.

On Thursday Kalugin met with Armenian PM Tigran Sargsyan to discuss company’s projects in Armenia.

Premier Sargsyan welcomed Russian company’s activities in Armenia and expressed government’s support for the implementation of the Rostelecom projects.

Sergey Kalugin hailed Armenia’s infrastructure in the field of communication, noting that his company plans to present its services in the Armenian towns.

The sides discussed company’s possible engagement in the venture foundation and already functioning free trade zone.