[TYPO3-english] Problem with 'Translation handling' in TYPO3 4.4

[Victor Livakovsky]

Hi, List.

I'm working with 4.4 release and wanted to add localized French texts to the 
web via 'Translation Handling' option in EM. But, when I selected 'French' 
from a list and clicked 'Save selection' the page never loaded. And now I 
can't load the EM. After waiting I've got:
Fatal error: Maximum execution time of 40 seconds exceeded in 
/www-data/t3lib/class.t3lib_div.php  on line 5980

That line is part of 'public static function cleanOutputBuffers()' and 
contains output of buffer:
ob_end_clean();

What may be the problem of this?
memory_limit in php.ini is set to 64M

Any help would be nice :)