Cook onions in lard (or tallow or butter, if you prefer), just until onions begin to brown.
Turn off heat and stir in the paprika.
Turn heat back on, stir in caraway seed and stew beef. Cook until beef is browned.
Add sweet peppers and cook until just beginning to soften.
Add caraway seed and paprika.
Stir in garlic, cook 1 minute.
Add broth, bay leaves, carrots, potatoes and tomatoes. Simmer for 40 minutes or until slightly thickened. Add broth if needed before vegetables are cooked. It will be a stew-y soup or soupy stew.