"A highway connecting Armenia and Iran through the Meghri pass will be put into operation October 26. This event will prove development of relations between our states," Armenian President Robert Kocharian said at joint news conference with Iranian leader Mahmoud Ahmadinejad.

"Both sides are entering a new stage of bilateral relations, which includes cooperation in banking sphere, protocol on construction of a water power plant on Araks River, construction of heat power plants," he said.

"Iran attends to cooperation with Armenia," the RA President said.