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Heat olive oil in a large pan over medium-high heat.
Add the beef strips and cook for 5–7 minutes until browned on all sides. Remove and set aside.
In the same pan, sauté the chopped onion until soft and translucent, about 5 minutes.
Add the garlic and cook for 1 minute, then stir in the tomato paste, paprika, oregano, black pepper, and salt.
Return the beef to the pan, add the bell peppers, and mix well.
Pour in the beef broth or water, bring to a simmer, then reduce heat and cover. Cook for 25–30 minutes until the beef is tender and the peppers are soft.
Uncover and simmer for another 5–10 minutes to thicken the sauce slightly.
Garnish with fresh parsley if desired and serve hot.
Serving and storage tips:
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