Season beef with salt and pepper. Heat oil in a Dutch oven, brown beef on all sides, then set aside.
In the same pot, add onions and cook until golden. Stir in garlic and cook until fragrant. Add chopped bell peppers, mix and sauté for 3 minutes.
Add paprika, caraway seeds, and tomato paste. Cook for 1-2 minutes.
Add red wine, scraping up browned bits. Simmer until wine reduces by half.
Add broth, browned beef, and marjoram. Bring to a simmer, then cover and cook on low for 2-2.5 hours until beef is tender.
Taste and adjust seasoning as needed. Serve hot with your favorite sides.
