Gather all ingredients before starting recipe.
Heat 1 tbsp oil or lard in a medium saucepan over medium high heat.
Add 1/2 medium Spanish onion, 1 medium tomato, and 1 whole hot banana pepper or jalapeno pepper and sauté until the onions and tomato becomes soft, 3-4 minutes.
Remove pan from heat and mix in 2 tbsp Hungarian paprika. This step is very important as the paprika may burn if the pan is left on the heat while adding.
Return to heat and add 1-2 pounds white veal, cut into 1" cubes veal, stirring to combine with onions, tomato and paprika.
Bring to a fast simmer and cook until the veal loses it's pink color. Then, turn the heat down to low, cover and cook until the veal becomes tender, about 1 hour.