Cut the beef into even-sized cubes, finely chop the onions, and crush the garlic.
In a large pot or Dutch oven, heat the olive oil over medium-high heat. Sear the beef cubes on all sides until nicely browned.
Add the chopped onions and sauté until translucent. Then, add the crushed garlic and Hungarian sweet paprika, stirring to combine.
Pour in the red wine and allow it to reduce slightly, stirring constantly to deglaze the pot.
Add the tomato paste, salt, and pepper. Then, add enough water to cover the beef completely.
Bring to a simmer, then reduce the heat to low, cover, and cook for 1-1.5 hours, or until the beef is very tender and the sauce has thickened.
If needed, add more water during cooking to keep the beef submerged.
Serve hot with fresh, crusty bread or steamed rice.
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