In European competitions, Olympiacos best performances are their presence in the UEFA Champions League quarter-finals in 1998–99, losing the semi-final spot in the last minutes of their second leg match against Juventus, as well as in the UEFA Cup Winners' Cup quarter-finals in 1992–93. The Red-Whites are the highest ranked Greek club in the UEFA rankings, occupying the 29th place in Europe as of 2018, and one of the founding members of the European Club Association. Olympiacos won the Balkans Cup in 1963, at a time when the competition was considered the second most important in the region after the European Cup, becoming the first ever Greek club to win an international competition.