Piranha Bytes, creators of the Gothic, Risen, and Elex series, was recently closed by parent company Embracer. That's a shame, but there's still one studio out there carrying the torch for ambitiously janky mid-budget European RPGs, and that's Spiders.
The French studio responsible for games like Steelrising, The Technomancer, Bound By Flame, and Mars: War Logs is currently developing a sequel to its 2019 RPG Greedfall, which was set in an 18th century-esque colonial fantasy world and was basically a Eurojank version of a BioWare game. Greedfall 2: The Dying World has just announced it will be coming out in early access on September 24.