Heat the oil in a soup pot, and add onion. Sauté until soft. Stir in garlic and paprika, adding a little water if needed to prevent scorching.
Then add the beef and the salt, stirring well. Cover the pot and simmer. Stir occasionally adding water only if needed to prevent burning.
Add caraway seeds, if desired. When the beef is tender, add peppers, tomatoes, and two quarts (TWO LITERS) of water. Bring to a boil, cover, and simmer for 15 minutes.
Add potatoes and simmer until potatoes are cooked (10 to 15 minutes). Salt to taste. Serves hot with separately prepared egg noodles.