Mix warm milk, sugar, and yeast; let sit 10 minutes until foamy.
Whisk in the eggs until fully combined.
Sift flour, baking powder, black pepper, salt, oregano, and paprika into the wet mix.
Stir in oil, cover, and rest 30 minutes until bubbly.
Dice peppers, chop parsley, and prepare cheese and olives.
Fold peppers, parsley, cheese, and olives into the batter.
Oil a small pan, pour batter, cover, and cook on low until set.
Flip, cook until golden on both sides, and repeat with remaining batter.