Heat the olive oil in a large skillet or Dutch oven over medium heat. Sauté the finely chopped onion and garlic until softened and fragrant.
Add the ground beef and cook, breaking it up with a spoon, until browned. Season with salt, pepper, cumin, and Hungarian sweet paprika.
Stir in the diced bell pepper and finely chopped chili pepper. Cook for 5 minutes, or until the peppers are slightly tender.
Pour in the canned diced tomatoes and stir well. Bring to a simmer, then reduce heat and let simmer for 10-15 minutes, allowing the sauce to thicken.
Add the kidney beans and cook for another 5 minutes, until heated through and the flavors have melded.
Serve the chili con carne with fresh bread, tortilla wraps, or rice. Garnish with fresh parsley or sour cream, if desired.
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