Here in Germany the commercial releases (which are most) are also only horror or splatter movies, or some second rate trash. It seems that the licences for these b-films are very cheap, and with the current asia-boom, it's easy to make a quick buck with the casual videostore customer.
But I agree that this will soon be over, as it isn't based on quality.
But there are also (very few) quality releases from small labels. Some Kim-ki duk, some japanese films, and I think Nobody knows will be released soon.