Heat the olive oil in a large pot over medium-high heat. Add the beef cubes and cook until browned, about 5 minutes. Add the onions, garlic, carrots, celery, thyme, smoked paprika, and black pepper and cook until the vegetables are softened, about 5 minutes.
Add the beef broth, honey, tomato paste, Worcestershire sauce, and bay leaf. Bring the mixture to a boil, reduce the heat to low, and simmer for 30 minutes.
In a small bowl, whisk together the flour and water until smooth. Stir the flour mixture into the stew and cook for 5 minutes, stirring occasionally, until the stew thickens.
Remove the bay leaf and stir in the chopped parsley. Serve the stew warm.
Interesting Facts
The honey in this stew adds a subtle sweetness that balances the savory flavors of the beef and vegetables.
The beef chuck used for this stew is a tougher cut of beef, but when cooked for a long time at low heat it yields tender and flavorful results.
Tomato paste is an essential ingredient in this stew as it adds a depth of flavor and helps to thicken the stew.