Heat the olive oil in a large 6 quart stock pot or dutch oven. Saute the carrots, onions, celery and garlic until softened.
Stir in the grated beets and shredded cabbage.
Add the broth and soup meat (if using). Season with salt, pepper, bay leaves and paprika.
Cook over medium heat just shy of a full boil until the cabbage and beets are softened. Add more broth or water if needed.
Add the potato and cook for another 15 - 20 minutes until cooked through.
Stir in the chopped, fresh parsley.
To serve, ladle the vegetables into a bowl and top with broth.
Add a dollop of sour cream or yogurt.