Sharaliev graduated from the St. Kliment Ohridski Sofia University and the VGIK, Moscow. He has worked at Boyana Film Studio, Bulgaria and had been a member of the Parliament from 1972 to 1980. He was a Chair of the Board of the directors of Boyana Film Studio. He was the winner of a numerous Grand Prix at national and international film festivals. He is known for A Song about the Man (1954), Knight without Armor (1966), A Shooting Day (1969), Farewell, Friends! (1970), The Indispensable Sinner (1971), The Apostles (1976), All Is Love (1979), The Thrust (1981), Boris I: The Conversion to Christianity & Discourse of Letters (1985), Plyontek (1991).