Finally managed to find optimal value of max-width in conjunction with float:right.
Had to apply all properties you suggested to one p tag only that defines title:
Code:
<p style="overflow:hidden;white-space:nowrap;max-width:50mm;text-overflow:ellipsis;float:right;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px;">_TITLE_</p>
Wow, html rendering is cut-and-try process...reminds me of TeX but with less predictable outcome of tweaking...