Chop the onion into small pieces.

Heat oil in a large pot or Dutch oven over medium heat.

Add chopped onion to the pot and cook until softened and translucent, about 5-7 minutes.

Cut beef into 1-inch cubes.

Add beef cubes to the pot with the onions and brown on all sides.

Sprinkle paprika, salt, and pepper over the beef and onions.

Stir to coat the beef and onions with the spices.

Pour beef broth into the pot.

Bring the mixture to a simmer, then reduce heat to low.

Cover the pot and cook until the beef is tender, about 1-1.5 hours.

Peel and cube the potatoes into 1-inch pieces.

Add the cubed potatoes to the pot.

Cover and cook until the potatoes are tender, about 20-30 minutes.

Check seasoning and adjust salt and pepper as needed.

Serve hot.