Sprinkle beef with salt and pepper. Heat oil in a large pot. Add ½ beef to pan and brown for 6 minutes. Transfer to a plate. Repeat with remaining beef.
Reduce heat to medium and add onions to pan. Cook 5 minutes or until softened.
Add flour, paprika, caraway seeds and garlic. Cook 1 minutes, stirring entire time. Add wine and cook 2 minutes or until thick.
Add 2 cups water, stock and beef to the pot. Bring to a simmer, reduce heat to low and cook for 1 hour.
Stir in potatoes, carrots, peppers and reaming 2 cups of water. Simmer, partially covered, for 45 minutes or until meat and vegetables and tender.
Add remaining salt and pepper to taste.
Recipe by Fencerow to Fencerow at http://www.fencerowtofencerow.com/2016/01/08/hearty-beef-stew/