diff --git a/.gitignore b/.gitignore
new file mode 100644
index 0000000..5493d8f
--- /dev/null
+++ b/.gitignore
@@ -0,0 +1,5 @@
+# IDE settings
+/.idea
+
+# Python
+/.venv
diff --git a/README.md b/README.md
index 3d33bc0..4b166d3 100644
--- a/README.md
+++ b/README.md
@@ -1 +1,28 @@
-**Telegram RSS Bot**
\ No newline at end of file
+# Telegram RSS Bot
+## Setting up virtual environment
+
+To be able to isolate project environment we'll use
+[Python's venv](https://docs.python.org/3/library/venv.html).
+
+### Setting up new environment and installing dependencies
+
+```shell
+# Create VirtualEnv directory
+python -m venv ./.venv
+# Loading environment
+source .venv/bin/activate
+# Installing dependencies
+pip install -r requirements.txt
+```
+
+### Adding dependencies
+
+```shell
+# Installing new dependency
+pip install somedependency
+# Rewriting dependency file
+pip freeze > requirements.txt
+```
+
+**Do not forget** to install the latest dependencies before adding new dependencies and rewriting
+the `requirements.txt` file. Otherwise old dependencies could be lost.
diff --git a/requirements.txt b/requirements.txt
new file mode 100644
index 0000000..8b2e6e8
--- /dev/null
+++ b/requirements.txt
@@ -0,0 +1,6 @@
+certifi==2021.10.8
+charset-normalizer==2.0.12
+idna==3.3
+pyTelegramBotAPI==4.5.0
+requests==2.27.1
+urllib3==1.26.9